Sources said that international financial institutions such as the U.S. EXIM Bank, U.K. EXIM Bank, and the World Bank may be part of the financial closure process. The federal government, the Balochistan government, and the Asian Development Bank are also expected to participate in the financial arrangements. Negotiations are in the final stages to finalize […]
The deceased has been identified as 40-year-old Wilson Masih, who had worked at the office for several years. Preliminary investigations suggest that Wilson was facing financial difficulties and had taken substantial loans from his colleagues. Police believe the mental stress caused by these financial issues may have led to his suicide. According to the police, […]
Retailers offered deep discounts on everything from apparel to toys and luxury products to lure cost-conscious consumers while online sales remained strong thanks to a boom in mobile shopping. Payments volume — a gauge of overall consumer and business spending on Visa’s network — jumped 9%, while revenue rose 10% to $9.5 billion in the […]
A day earlier, the action sequel ‘Pushpa 2: The Rule’ arrived in theatres, sparking excitement among his fans. However, a woman lost her life while her son was critically injured in a stampede at Hyderabad’s Sandhya Theatre after Allu Arjun made a surprise visit to the event. Police later booked the South superstar and his […]
According to the ministry’s report, the inflation rate is expected to decrease over the next three years. The report projects that the inflation rate will decrease from 23.4% to 12% in 2025, and then further to 7.5% in 2026. By 2027, the inflation rate is expected to be reduced to 7%. In addition to reducing […]
According to sources, the funds will be used to address the backlog of thousands of pending applications for medical treatment, education, and financial assistance. Previously, the lack of funds had resulted in over 28,000 applications being pending, including requests for medical treatment, educational scholarships, and financial assistance sources said. Specifically, over 13,000 medical cases were […]
According to sources, the tax will be imposed on the subsidy amounting to Rs 60 billion in the current financial year. Sources said that the FBR will collect approximately Rs 1 billion in tax revenue from the subsidy after considering the subsidy as income. Last year, the FBR had attached the accounts of utility stores […]
During the period from July-June, 2024, vegetable exports from the country grew by 43.20 percent as compared to the exports of the same period of the previous year, according to the data of the Pakistan Bureau of Statistics. Meanwhile, the exports of fruits grew by 21.31 percent as over 935,631 metric tons of fresh fruits […]
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 the spokesperson, the development came in the wake of the newly imposed Federal Excise Duty (FED) of Rs 15 per kilogram of sugar. The spokesperson said that the corporation has sought clarification from the Federal Board of Revenue (FBR) on the new tax. He said that the corporation has sufficient stock of sugar […]
