Business
Business
IMF Raises Concern Over Pakistan’s Pension Liabilities in 2024-25 Budget
The International Monetary Fund (IMF) has raised concerns regarding the substantial pension liabilities for public servants highlighted in Pakistan’s 2024-25…
Pakistan to Abolish 15% Additional Tax on Bank Profits Amid Fiscal Pressures
Despite economic challenges, the government might eliminate a 15% additional income tax on bank profits from loans to the financially…
Pakistan to Increase Petrol and Diesel Prices Starting July 1
Petrol and high-speed diesel (HSD) prices are set to increase from July 1, reversing the trend of four consecutive price…
Volkswagen Recalls 271,000 Vehicles in U.S. for Faulty Wiring Affecting Airbags
On Wednesday, the U.S. auto safety regulator announced that Volkswagen recalled over 271,000 vehicles due to a wiring fault that…
K-Electric Seeks Rs10.69 Price Hike, Schedules NEPRA Hearing for June 27
K-Electric (KE) has requested government approval to increase its power tariff by Rs10.69/unit, targeting Rs44.69/unit for fiscal year 2023-24. This…
Privatization of Pakistan International Airlines Set for Early August 2024
Pakistan International Airlines (PIA) will be privatized during the first week of August 2024, and six companies have been shortlisted…
Pakistan’s Stock Market Tops Asia in Performance for 2024
Despite economic challenges, Bloomberg recognized Pakistan's stock market as Asia's best-performing market in 2024. The KSE-100 index saw a 27%…
Pakistan’s Rupee Appreciates as Senate Challenges Tax Proposals in Budget
The Pakistani Rupee strengthened by eleven paisas against the US dollar in interbank trading on Tuesday, with the U.S. dollar…
Pakistan Faces Rs600 Billion Loss Annually Due to Power Theft, Says Energy Minister
Federal Energy Minister Awais Leghari reported that Pakistan loses Rs600 billion annually due to power theft. During an interview on…