The All Pakistan Textiles Mills Association (APTMA) has urged the federal government to review the energy rates in order to make textile exports competitive in the global market, as over 50% of businesses in the textile and apparel sector are at high risk of closing in the upcoming weeks. An ongoing increase in energy prices […]
An ECC meeting of the cabinet was held in Islamabad in which the Federal Board of Revenue (FBR) proposed an increase in sales tax for auto sector manufacturing and assembling vehicles at the local level. After a detailed discussion, the ECC cabinet approved the process for determining the 25 percent sales tax rate on locally […]
Pakistan’s auto industry is off to a great start in 2024. In January, car sales reached 10,500 units, up 81% from 5,816 units in December 2023. Sales of automobiles, excluding non-members of the Pakistan Automotive Manufacturers Association, totaled 11,700 units, a 72% increase from the previous month. While PAMA car sales increased 5% year over […]
February 14, 2024: It appears that the Pakistani government is considering raising the price of high-speed diesel (HSD) by Rs6.3 per liter for the second half of the month. This possible rise coincides with changes in the price of oil globally and other economic factors that affect the regional fuel market. Ex-refinery HSD prices have […]
The greenback also topped 150 yen for the first time since November following the data. Tuesday’s data showed that the Consumer Price Index (CPI) rose 0.3% every month in January, above the 0.2% increase expected by economists polled by Reuters. On a year-on-year basis, it gained 3.1% versus the 2.9% estimated growth. Excluding the volatile […]
According to market sources, during the last two years, wealthy Pakistani individuals and businesspeople have not only made significant real estate investments in Dubai but have also set up export-import trading houses there. Anwar Khawaja, an investor from Karachi who also has companies in Dubai, stated, “It is not surprising that Pakistanis have been investing […]
Jin Kim, a once prosperous Wall Street restaurant who was severely impacted by the pandemic, has discovered an unexpected second profession making one-of-a-kind memory bears. Kim took to her sewing machine and started a successful Etsy company, JinsBearsLLC, after her favorite restaurant closed because of Superstorm Sandy and then COVID-19. She makes about 150 memory […]
The Water and Power Development Authority (Wapda) plans to redirect the Swat River at the Mohmand Dam, which is currently under construction, in April of this year. The project’s diversion system is gradually being completed in line with the schedule. On Tuesday, Wapda Chairman Engineer Lt-Gen (retd) Sajjad Ghani paid a visit to the Mohmand […]
Pakistan’s debt and liabilities reached a height of Rs81.2 trillion, growing at a rate of more than 27% in the last year. This presents the newly elected administration with emergent management issues. According to a bulletin issued by the State Bank of Pakistan (SBP) on Monday, as of the end of December, the nation’s overall […]
Valentine’s Day is approaching, and you may be in for a surprise if you’re going to buy chocolates for your loved ones. Due to crop devastation in West Africa, the price of cocoa, the main component in chocolate, has risen to an all-time high, according to Fox News. Because of this, chocolate producers are struggling […]
