Chairing a meeting on ease of business, the prime minister directed the relevant authorities to establish a one-window operation to simplify documentary procedures for companies and traders. He also directed to seek assistance from Chinese experts to establish an experimental facility service center modeled after the Shenzhen One-Stop Shop. Regarding ease of doing business and […]
The justices unanimously threw out a lower court’s approval of an injunction sought by the U.S. National Labor Relations Board (NLRB) ordering Starbucks to reinstate the workers while the agency’s in-house administrative case against the Seattle-based company proceeds. Starbucks had argued that the judge in the Memphis case should have used a stringent four-factor test […]
Speaking at the post-budget press conference, he said that the scheme was previously closed due to some deceiving activities. The chairman added that currently, over Rs. 1 billion is available in the POS account. It is worth mentioning that, the first computerized draw of the POS Prize Scheme was held on Saturday, 15th January 2022 […]
The federal government will revise the petrol prices on June 15 with new prices coming into effect from June 16. Since April 16, the PML-N government has decreased petrol prices by Rs24 per litre and diesel by Rs20 per litre. From June 16, petrol prices are anticipated to drop by Rs9 and HSD by Rs4. […]
The KSE-100 index gained 2809 points, or 3.75 per cent to stand at 75,608 at 12:47 pm. Analysts attributed the upward trajectory to the government’s willingness to unlock a deal with the International Monetary Fund (IMF) after the budget. Analysts expect the budget for the fiscal year to June 2025 to set ambitious fiscal targets […]
According to the budget document, around Rs.41,871.792 million has been earmarked for the ongoing schemes and Rs18,128.208 million for the new schemes. Among the ongoing schemes, an amount of Rs. 900 million is allocated for the Award of Allama Muhammad Iqbal 3000 scholarships to Afghan students (Prime Minister’s Directive), while Rs 450 million has been […]
China reserves the right to file a suit to the WTO and take all necessary measures to resolutely defend the rights and interests of Chinese companies Beijing’s commerce ministry spokesman He Yadong told a briefing. The European Union warned on Wednesday it would slap additional tariffs of up to 38 percent on Chinese electric car […]
Asian suppliers of Apple Inc. (NASDAQ) experienced significant gains on Thursday. This followed notable increases in Apple’s stock price earlier in the week. The company unveiled a range of new artificial intelligence (AI) features for its flagship devices. The AI innovations in the iPhone and other products sparked a rally among Asian tech suppliers. This […]
The federal government has announced an increase in the tax rate for both salaried and non-salaried taxpayers in the federal budget for the next financial year. This change will place a cumulative burden of Rs 225 billion on taxpayers. Rs 75 billion will affect salaried individuals, and Rs 150 billion will impact non-salaried individuals. Tax […]
In a move to meet the required demand in the local market, the federal government announced providing discounts on solar plants, machinery, batteries, raw materials, and other related components used in the manufacturing of solar panels locally and demote the dependence on the import of solar panels to save valuable foreign exchange. According to the […]
