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 […]
The country exported sports goods worth US$ 61.982 million during July-August (2024-25) as opposed to the export of US$ 59.442 million during July-August (2023-24), showing growth of 4.27 percent, according to the data released by the Pakistan Bureau of Statistics (PBS). Among the sports products, the exports of footballs rose by 8.35 percent, surging from […]
The crackdown launched by the Pakistani government and military leadership’s measures to restore the country’s economy is now showing positive results. According to the details, Rs119.79 billion have been recovered from individuals involved in the electricity theft crackdown while 85,572 electricity thieves were arrested since the crackdown began. The relevant institutions collected over one billion […]
Brent crude futures were up 9 cents, or 0.12%, to $77.71 a barrel as of 0010 GMT. U.S. West Texas Intermediate crude futures were up 8 cents, or 0.11%, to $73.79 a barrel. Both benchmarks were on track for weekly gains of about 8%. President Joe Biden said on Thursday the US was discussing strikes […]
The recall covers more than 27,000 Cybertrucks, Tesla said in a report filed with the U.S. National Highway Traffic Safety Administration. The Cybertruck’s system in the affected vehicles may not complete a shutdown process before it is commanded to boot up, resulting in a delay in displaying the rear-view image, Tesla said. The image may […]
