In a statement issued here, the central bank said that in terms of growth during September 2024, remittances increased by29 percent on a year-on-year basis “Remittances inflows during July 2024 were mainly sourced from Saudi Arabia (US$681.3 million), United Arab Emirates (US$560.3 million), United Kingdom (US$ 423.6 million), and, the United States of America (US$274.9 […]
The committee, in its meeting chaired by Prime Minister Shehbaz Sharif, principally approved the formation of an Independent System and Market Operator (ISMO) which will be later endorsed by the federal cabinet and registered with the Securities and Exchange Commission of Pakistan under the Companies Act 2017, according to a PM Office press release. The […]
Determining how to address Google’s wrongs is the next stage of a landmark antitrust trial that saw the company in August judged a monopolist by US District Court Judge Amit Mehta. An order to break up Google or require deep changes in how it does business marks a profound change by the US government’s competition […]
Exclusively talking to FBR spokesperson, Bakhtiar Muhammad said the last date for filing income tax returns is October 14. The FBR spokesperson further said after the deadline, the SIMs of the non-filers will be blocked and they will not be able to buy vehicles or plots. He urged the masses not to wait for the […]
As per the details, bids for the airport’s outsourcing were submitted, but representatives of two companies were disqualified from the process due to late submission. The Turkish company placed the highest bid for the project. The tender process was overseen by a committee chaired by the Secretary of Aviation. A thorough evaluation of the Turkish […]
SHC heard the plea against collection of tax collection in the electricity bills. The Sindh High Court in its verdict said the tax collection is imposed under the Finance Act and questioned whether the petitioners had challenged the act itself. At this juncture, K-Electric’s lawyer argued that the advance income tax does not apply to […]
Foxconn, also known as Hon Hai Precision Industry, is the world’s biggest contract electronics manufacturer and assembles devices for major tech companies, including Apple. Ambitious to expand beyond electronics assembly, the firm has been pushing into areas ranging from electric vehicles to semiconductors and servers. “We’re building the largest GB200 production facility on the planet,” […]
New orders, closely watched as an indicator of future business activity, plunged by 5.8 percent month-on-month, according to federal statistics agency Destatis, following an upwardly revised increase of 3.9 percent in July. Analysts surveyed by financial data firm FactSet had been expecting a much smaller decline of 1.8 percent in August. Excluding large orders, which […]
As per details, the SAFRON ministry will be merged into the Ministry of Kashmir Affairs and Gilgit-Baltistan (GB), following recommendations from the Rightsizing Committee. The administrative wing of the Ministry of SAFRON will be dissolved, and a special committee will be formed to decide the future of Jammu & Kashmir State Properties. As per sources, […]
The new amount sees an increase of Rs1,346,053 from the previous year’s figure of Rs6,757,902, correlating directly with the rising market price of silver. As per the notification, the Diyat amount is now equivalent to the value of 30,630 grams of silver. This change is mandated under subsection (2) of Section 323 of the Pakistan […]
