During July-April 2023-24, as many as 941,406 motorbikes and three-wheelers were sold against the sale of 1,006,839 units in July-April (2022-23), according to the Pakistan Automobile Manufacturing Association (PAMA). The sale of Honda motorcycles dipped by 2.78 percent from 843,219 units to 819,752 units whereas the sale of Suzuki motorcycles witnessed a decrease of 51.55 […]
The NA budget session will commence on June 5 at 5pm and the budget 2025 will likely be presented before the house on June 7. Finance Minister, Muhammad Aurangzeb will present the Finance Bill 2025 before the house, while the discussion on the budget will commence on June 10, the sources said. According to sources, […]
The country’s exports to the regional countries including Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal, and the Maldives account for a small amount of $3,655.483 million, which is 14.24 percent of Pakistan’s overall exports of $25,669.182 million during July-April (2023-24),” State Bank of Pakistan (SBP) reported. China tops the list of countries in terms of […]
the National Institute of Health (NIH) has started receiving recommendations from stakeholders regarding the increase in cigarette rates. Sources further revealed that NGOs have submitted recommendations to increase 26.6% increase in the Federal Excise Duty (FED) on tobacco. The Tobacco Control Cell has also finalized its recommendations for making cigarettes more expensive in budget 2025, […]
According to Business Today, Nikesh Arora, the CEO of Meta, is paid more than Google CEO Sundar Pichai and CEO of Indian descent Mark Zuckerberg combined. Arora, the chief executive officer of Palo Alto Networks, a cybersecurity firm, was included in the “top 10 highest earning CEOs in the US” according to a recent Wall […]
Tesla has started building a battery manufacturing plant in China, suggesting that SpaceX CEO Elon Musk does not give a damn about what the US government and Joe Biden decide about the ongoing bilateral trade disputes between the two biggest economies in the world. Weeks after Elon Musk’s surprise visit to China, where he met […]
Pakistan and Saudi Arabia have reached an agreement in principle for Islamabad to sell its 15% stake in the Reko Diq project to Saudi investors. Following Barrick Gold Corporation’s refusal to sell all of its interests in the multibillion-dollar project, a decision was made. Pakistan’s total stake in the Reko-Diq project is anticipated to drop […]
IMF team, led by mission chief Nathan Porter, concluded discussions with the authorities on Thursday after arriving in Pakistan on May 13, the lender said in a statement. “The mission and the authorities will continue policy discussions virtually over the coming days aiming to finalize discussions, including the financial support needed to underpin the authorities’ […]
After reaching a deal with the Sri Lankan government, Interior Minister Mohsin Naqvi declared on Friday that at least 43 Pakistani convicts would be returned from the country. The announcement was made in the wake of a meeting between Naqvi, Interior Secretary Khurram Ali Agha, Chairman of the National Database and Registration Authority (NADRA), Admiral […]
According to data shared by the central bank, the net foreign reserves held by commercial banks decreased by US$630 million to $5.43 billion. The total national reserves have decreased by US$41 million to US$14.58 billion. The total liquid foreign reserves held by the country stood at US$ 14,58 billion During the week ended on 17-May-2024, […]
