As per details, the FBR will ‘impose’ tax on retailers operating in four provincial capitals of Pakistan in the first phase. The move will generate income of around Rs100 bln. Sources knowing the matter said that the tax will be slapped on retailers according to the size of the shop and yearly income. The FBR […]
The travel sector is expected to undergo a major transition after mid-January 2024, especially in the UAE, due to the expectation of considerable airfare reductions. The CEO of MPQ Travel and Tourism, Malou Prado, emphasizes that the longest-haul routes from the United Arab Emirates will likely see the biggest fare reductions, potentially reaching 50–60%. This […]
Are you envious of Italy’s gorgeous scenery and abundance of sunlight? With alluring residence and property prospects, Italy is opening its doors to digital nomads, so your dream may be closer than you think. People looking for a change are warmly welcomed in Italy, especially those looking into jobs in industries where there is a […]
A strong start to 2024 is reflected in the recent jump in the Pakistan Stock Exchange (PSX), as evidenced by the KSE-100 index’s stunning gain of 1,580 points. The market’s upward trend in 2023, when the KSE 100 Index saw a notable turnaround and produced an astounding 55% gain in Rupee terms, is being built […]
The most concerning aspect of the system is that it consumes the precious time of the business community, and there is no concept of time management among policymakers. Dispute resolution is another area where the business community has serious concerns. It takes years to settle a dispute. According to the EODB ranking, it takes, on […]
Françoise Bettencourt Meyers, heiress to the L’Oréal empire, has made history by becoming the first woman to accumulate a fortune exceeding $100 billion, as indicated by a global ranking of the wealthiest individuals. The renowned French beauty company, established by her grandfather, is witnessing a remarkable surge in stock market performance, with L’Oréal shares reaching […]
On Wednesday, the Pakistani rupee strengthened by 0.06% in the interbank market, marking its eleventh straight week of gains versus the US dollar. The currency’s continuous rising trajectory can be attributed to favorable market conditions and economic fundamentals, as evidenced by this steady appreciation. The Pakistani rupee ended the day at 282.20 versus the US […]
The benchmark index fell more than 2,500 points on Tuesday, marking the largest one-day fall on the Pakistan Stock Exchange (PSX). Analysts blamed the decline on a year-end correction. According to the PSX website, the KSE-100 dropped to a low of 59,170.97 points, down 2,534.12 points or 4.11%, from the previous closing of 61,705.09 points. […]
Pakistan experienced a 13% decline in overall energy imports, reaching $1.42 billion in November 2023, shedding light on subdued demand for petroleum, oil, and gas products. Economic activities remained lackluster due to sluggish growth, and the recent surge in product prices has hampered purchasing power across various sectors. Refineries looked into export options as a […]
The federal government has refused to accept the harsh conditions set by commercial banks for providing a new loan of Rs15 billion to the struggling Pakistan International Airlines (PIA). A joint committee has also failed to find a workable solution to keep the airline flying until its privatization. According to official sources, the group of […]
