President KATI Johar Ali Qandhari has stated that the IPPs, expensive electricity, and huge taxes have pushed industries in Korangi to ruins. “Payments being made in dollars for the electricity which is not being utilized”. He said that 350 industries have been closed and big industries have curtailed their units in Korangi, while 60,000 workers […]
Islamabad may also begin talks on re-profiling Pakistan’s energy sector debt during the visit to Beijing, Awais Leghari, head of the energy ministry’s Power Division, told Reuters. Leghari will be part of the delegation to discuss structural reforms to the power sector suggested by the International Monetary Fund (IMF), which last week agreed on a […]
According to the spokesperson, the development came in the wake of the newly imposed Federal Excise Duty (FED) of Rs 15 per kilogram of sugar. The spokesperson said that the corporation has sought clarification from the Federal Board of Revenue (FBR) on the new tax. He said that the corporation has sufficient stock of sugar […]
According to the report, the provinces will receive Rs 10,350 billion by fiscal year 2026-27 under the National Finance Commission (NFC) Award. The plan indicates an increase in provincial shares, with Rs 8,921 billion allocated for the next fiscal year 2025-26, and Rs 10,350 billion by 2026-27. The current fiscal year will transfer 39.4% of […]
Today, the gold Rate in Pakistan on 22 July 2024 is sold for Rs. 214800 per 10 grams, and the price of Gold is RS 250000 per tola in Pakistan today. Gold Rate In Pakistan Today Karachi is the central hub of the gold market, in Pakistan, Karachi is leading for the gold price; every city follows […]
Microsoft said separately it had fixed the underlying cause for the outage of its 365 apps and services including Teams and OneDrive, but residual impact was affecting some services. “This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed,” CrowdStrike CEO George Kurtz said in […]
While the subscriber gains topped analyst predictions of 5 million, Netflix issued cautious guidance for the third quarter and said its advertising business would not become a primary driver of revenue growth until at least 2026. Netflix shares reversed initial losses after it reported results to trade up 1% in after-hours trading. The stock has […]
This drop represents a 2.15% decline from yesterday’s all-time high of 81,839 points. Yesterday, PSX surged to new heights, gaining 684 points to close at an all-time high of 81,839 points. This remarkable 0.84% increase from the previous close of 81,156 points showcases a bullish momentum in the market. PSX hits fresh peak on IMF […]
According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279 and Rs280.50 respectively. The price of the Euro increased by Rs1.1 to close at Rs 304.94 against the last day’s closing of Rs 302.94, according to the State Bank of Pakistan […]
The MoU was signed by Eduard-Robert PREDA, Charge D’Affaires, Embassy of Romania to the Islamic Republic of Pakistan, and Chairman of PRBC, Sohail Shamim FIRPO, and recognized the outstanding services rendered by PRBC since 2011 in promoting bilateral trade between the two countries. The agreement establishes a framework for cooperation between the Embassy of Romania […]
