Business
Business
Government Raises Gas Rates for Industrial Units, Holds Back on Consumer Relief
The government increased gas rates by approximately 9% for industrial captive power units effective July 1, meeting an IMF prerequisite.…
Warren Buffett Changes Will, Ends Posthumous Donations to Gates Foundation
Warren Buffett has revised his will and shifted the direction of his vast fortune posthumously. Warren Buffett, 93, the chairman…
Yutong and Master Motor Launch Joint Venture for Energy City Buses in Pakistan
A Chinese corporation has formalized a strategy to manufacture Energy City buses in Pakistan, collaborating with Pakistan's Master Motor Corporation…
USD Dips Against Yen as Inflation Cools, Rate Cut Expectations Rise
On Friday, the US dollar (USD) declined against the yen following new data indicating a slowdown in inflation within the…
Pakistan Banks to Close for Three Days Over New Financial Year
The State Bank of Pakistan has announced that banks in Pakistan will close for three days, from Saturday to Monday.…
Gold Prices Surge in Pakistan, Reflecting Global Market Trends
The price of 24-carat gold increased by Rs700 to Rs241,700 per tola, and 10 grams rose by Rs600 to Rs207,219…
Prime Minister Maintains 15% Bank Tax Amid Fiscal Pressures
The continuation of the additional 15% income tax on banks in Pakistan is anticipated following Prime Minister Shehbaz Sharif's directive…
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 Faces Potential Electricity Tariff Hike of Rs3.41 Per Unit
Media reports suggest that Pakistan's power tariff may rise by Rs3.41 per unit due to the monthly fuel adjustment (MFA).…