According to official data released on Friday, the Sensitive Price Index (SPI) inflation rate decreased marginally in the week ending February 15 but remained high when compared to the same time in the previous year due to the ongoing surge in the costs of food and energy. Based on weekly price fluctuations of 51 basic […]
In the face of credible allegations of widespread corruption, the federal cabinet has noted that the mechanism governing drug prices has become exploitative and ineffective. The health ministry has labeled the 2018 Drug Pricing Policy as unfair because it guaranteed the pharmaceutical industry “supernormal profits.” During a meeting on December 13, 2023, the cabinet members […]
The Pakistani government decided to increase gas prices for residential users by as much as 67% in response to a demand from the International Monetary Fund (IMF). Meanwhile, the cost of fertilizer plants will soar by as much as 700%. The purpose of this calculated action is to get an extra Rs242 billion from gas […]
Tesla’s recent announcement regarding the construction of a colossal 164-stall charging station has captured significant attention, shedding light on the company’s ambitious plans to expand electric vehicle (EV) infrastructure throughout the United States. The news was first revealed through a post on X, the social media platform formerly known as Twitter, closely associated with Tesla’s […]
In today’s digital age, having a strong online presence is essential for businesses of all sizes. Whether you’re a small local shop or a global corporation, a well-designed website can help you reach new customers, build credibility, and grow your brand. Fortunately, creating a website has never been easier, thanks to the user-friendly tools and […]
The Japanese automaker reported a 7.2% jump in global group sales last year, including those at small-car maker Daihatsu and truck unit Hino Motors. Those two subsidiaries and affiliate Toyota Industries have been beset by governance issues involving certification test procedures for cars and engines that could potentially hurt the brand’s global reputation for quality […]
The Pakistan Tea Association (PTA) and the Karachi Chamber of Commerce and Industry (KCCI) have also asked that the government address other irregularities in tea imports and stop abusing tax exemptions. The Federal Board of Revenue was encouraged to take notice of the widespread misuse of tax exemptions in Azad Kashmir and the Federally Administered […]
The Saudi riyal’s market value unexpectedly increased by 30% on Tuesday, but the price stayed same, according to Exchange Companies Association of Pakistan (ECAP) Chairman Malik Bostan. For Umrah, Saudi riyal purchases typically begin prior to Ramadan. The purchasing of Saudi cash increased by 30% in just three to four days, he noted, “which reflects […]
Meezan Bank Limited recorded its best-ever financial year in 2023, turning a whopping Rs58.91 billion profit. This remarkable amount signified a significant rise of more than 90% in contrast to the profits of the preceding year. The Board of Directors decided to release a portion of the revenues as dividends to honor this momentous occasion […]
The KSE-100 index rose more than 900 points on Wednesday, continuing the winning run for the Pakistan Stock Exchange (PSX), as investors gained confidence in the possibility of forming a coalition government. A mutual decision by political parties, who revealed intentions for a coalition administration during a news conference, was the catalyst for the trading […]
