Brent crude futures settled down $2.71, or 3.41%, to $76.81 a barrel. U.S. West Texas Intermediate crude futures settled down $2.79, or 3.66%, at $73.52. Both benchmarks fell by more than $3 per barrel at their session lows. U.S. job growth slowed more than expected in July and unemployment increased to 4.3%, raising fears of […]
Sources close to the development revealed that Prime Minister Shehbaz Sharif has tasked the economic team to revise the current income tax rate on salaried classes earning up to Rs 100,000 per month. In the recent budget, the government had increased the income tax rate to 2.5 percent on monthly salaries up to Rs 100,000. […]
During the intraday trade, the KSE-100 index reached a high of 78,434.16 points, while the lower point was recorded at 77,926.53 points before settling at 78,225.98 points. A total of 443,483,358 shares were traded during the day as compared to 278,986,985 shares the previous day, whereas the price of shares stood at Rs 20.497 billion […]
According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 321.56 points as compared to 321.95 points during the past week. As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of […]
The pipeline is expected to carry 33 billion cubic meters of natural gas each year along a route stretching 1,800 km (1,125 miles) from Galkynysh, the world’s second-biggest gas field, to the Indian city of Fazilka near the Pakistan border. “Pakistan and Turkmenistan have decided to accelerate work on the TAPI gas pipeline project,” Radio […]
According to the notification, the Ministry of Energy has also issued directives for the privatization of 12 organizations in the power sector. The privatization process will be carried out in phases, with the first phase involving the privatization of four Discos. The four power companies include FESCO, GEPCO, HESCO, and IESCO. The second phase will […]
Karachi Urdu Bazaar chairman exclusively talking that program Bakhabar Savera said that the nature of taxes is confusing and unclear. He highlighted that, globally, the education sector and related fields are usually given concessions, but the opposite seems to be happening here. Yousuf noted that the abundance of taxes is driving up the prices of […]
The exports during July 2024 were recorded at $2.308 billion against the exports of $2.064 billion in July 2023, according to the latest PBS data. On the other hand, imports into the country also increased by 15.30 percent to $4.256 billion during the month under review as against the import of $ 3.691 billion last […]
The Biden administration said in February 2023 that it planned to write regulations barring the fees as officials pressured airlines to voluntarily not charge them. In May, Congress passed legislation that President Joe Biden signed into law directing a ban on the practice. Biden has repeatedly clashed with air carriers, calling for new, stricter consumer […]
The grain, introduced as a part of a program designed to increase the output of the regional staple food and cut dependence on imports, allows rice growers to get two harvests per year, with a yield of up to 5 metric tons per hectare. This shift signals a potential boost for local farmers and the […]
