The suspension has led to significant disruptions for e-commerce sellers, resulting in order cancellations and impacting the trade of Pakistani products in the US market. Sources indicate that the suspension is due to non-payment of compensation to American shipping companies. However, the Pakistan Post has cited ‘inadequate’ packaging of parcels as the reason for the […]
According to a letter from the PM office to the Federal Board of Revenue, the Prime Minister has been pleased to constitute a Task Force for comprehensive and end-to-end digitalization of FBR. Minister of State for Finance & Revenue Ali Malik will be chairman of the Task Force while Major General Syed Ali Raza, DG […]
A well-placed source in the Civil Aviation Authority (CAA) said that the new Gwadar Airport will be made operational on August 14, for which all the arrangements have been made. The soft launching of the airport will be carried out by Prime Minister Shehbaz Sharif, the sources said. According to the CAA sources, the cost […]
According to a press release issued by the Prime Minister’s Office (PMO), the task force has been formed to reduce the financial burden on the power sector being borne by the government and to enable the establishment of an efficient, liquid, and self-sustaining competitive power market The task force comprises Federal Minister for Power Sardar […]
According to the data released by the Pakistan Bureau of Statistics, Pakistan’s merchandise exports rose by 10.54 percent to 30.64 billion dollars in the financial year 2023-24. The imports fell 0.84 percent to 54.73 billion dollars in fiscal year 2023-24. With the round-the-clock efforts of the SIFC and the Ministry of Commerce, new markets of […]
According to documents from the Ministry of Finance, the State Bank’s surplus profit was Rs. 371 billion in the financial year 2023. The bank’s profit share in non-tax revenue was the highest after the petroleum levy. The total non-tax revenue for 2024 was Rs. 3,184 billion, with petroleum levy accounting for the largest Rs. 1,019 […]
Female, self-made billionaires Take a look at these incredible, self-made millionaires among women worldwide. Some of the women on this list may not be well-known to you, but that does not mean you do not recognize the companies they run. Many of them are leaders in their areas. Diane Hendricks (ABC Supply) $20.9 billion In […]
The data showed that the inflows of remittances during June were recorded at US$ 200 million as compared to US$ 224 million in May 2024. These accounts provide innovative banking solutions to millions of Non-Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, seeking to undertake banking, payment, and investment activities in Pakistan. The […]
While the specific model to be introduced remains speculative, the excitement is justified given Kia’s remarkable success worldwide. The Kia EV9, for instance, has earned the prestigious titles of ‘World Car of the Year’ and ‘World Electric Vehicle’ at the 2024 World Car Awards held in New York. Not only this, Kia EV6 has also […]
In a statement, the company announced that gas will remain suspended for 12 hours. The suspension of the gas supply is part of the utility’s efforts to improve the low pressure of gas for domestic consumers as well as industrial and commercial sectors in the port city, said SSGC’s spokesperson in a statement on Friday. […]
