The United States government has made the decision to tighten the screws on money laundering and financing of terrorism by limiting the usage of cash and enacting reforms in the real estate industry. During the first week of May, the National Anti-Money Laundering and Counter Financing of Terrorism Authority met and took decisions under the […]
When asked about the staff-level agreement, IMF Communication Director Julie Kozack – while addressing a press briefing – avoided answering, indicating that the negotiations are still ongoing. “Right now, a mission team led by Nathan Porter is meeting with Pakistan authorities this week to discuss the next phase of our engagement.” She said: “On April […]
Forbes ‘ 30 Under 30 Asia list honors 300 young innovators and entrepreneurs under 30 who have revolutionized their respective sectors in the Asia-Pacific region. Sarkhail Shahid Bawany (ABHI) of Pakistan, Adeel Abid (Linkstar), Aizaz Nayyer (Linkstar), Ali Raza (Linkstar), Aleena Nadeem (EduFi), Kasra Zunnaiyyer (Trukkr), and artist Bushra Sultan are among those honored. ABHI […]
During the intraday trade, the 100-Index experienced a mixed trend with the high recorded at 75,401.11 points while the low recorded at 74,947.71 points. A total of 496,699,517 shares valuing Rs 17.631 billion were traded during the day as compared to the 407,625,139 shares valuing Rs 16.9 billion were traded the previous day. Meanwhile, a […]
According to a report issued by the Pakistan Bureau of Statistics (PBS), 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 21.22 percent. The weekly SPI with the base year 2015-16 =100 covers 17 urban centers and 51 essential […]
According to Khaleej Times, the Dubai government has implemented a new regulation that sets a Dh55,000 cap on all future cash transactions involving real estate. This implies that a person can only pay with cash up to a total of Dh55,000; all subsequent payments must be made through banking channels. Presently, twenty percent of all […]
As the digital race heats up, the widely utilized video sharing app TikTok has revealed a significant advancement in its goals. According to the firm, TechCrunch, TikTok, which is owned by ByteDance, has moved its focus to YouTube, a well-known video platform on Google, by allowing users to upload videos lasting an hour. TikTok is […]
Exporters and horticultural specialists warned on Thursday that the major fruit’s production could decline by 600,000 metric tonnes this year due to climate change, which has severely impacted mango yield for the third straight year. The two states that produce the most mangoes, Sindh and Punjab, account for 29% and 70% of the 1.8 million […]
According to sources, the government is considering relief for industries in the upcoming budget 2024-25. Sources said that the electricity tariff may be reduced for industrial consumers, who currently pay an additional Rs 240 billion in electricity bills. According to sources, the Ministry of Industry and Production is working on various proposals to reduce power […]
According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.02, meanwhile, sold at Rs 279.50. Earlier, the Pakistani rupee shed 08 paise against the US dollar during the interbank trading and closed at Rs 278.20. According to the Forex Association of […]
