Business
Business
Saudi Arabia to Offer $13.1 Billion in Aramco Shares as Part of Economic Diversification
Saudi Arabia and its financial partners will begin soliciting orders for up to $13.1 billion in shares of its oil…
Pakistan Juice Industry Suffers 40% Decline in Sales Amid 20% FED and Climate Challenges
The government's 20% Federal Excise Duty (FED) on beverages, including packaged juices, has failed, leading to no benefits due to…
Pakistan to Reprint Currency Notes Due to Spelling and Grammatical Errors
The State Bank of Pakistan has been mandated to reprint all currency notes due to significant spelling and grammatical errors…
Global Unemployment Rate Expected to Drop to 4.9% in 2024, Says ILO
The International Labor Organization (ILO) expected global unemployment to fall slightly to 4.9% this year from 5.0% in 2023, despite…
Petrol and Diesel Prices Expected to Drop by Rs6.50 to Rs7.50 per Litre on May 31
Due to a bearish trend in the international market, petrol and high-speed diesel (HSD) prices are expected to decrease by…
Government Plans Salary Increase and Pension Reforms in 2024-25 Budget
The government is considering a 10 to 15% salary increase for public sector employees in the 2024-25 budget. To secure…
PTA Clarifies: No Decision to Remove Taxes on Imported Mobile Phones
The Pakistan Telecommunication Authority (PTA) has clarified that no official decision has been made to remove taxes on imported mobile…
Government to Revoke Tax Concessions for High-Earners, IMF Advises Reforms
According to the government, there are plans to revoke tax concessions favouring high-earners over the middle class. The IMF advised…
Pakistan’s Gas System at Risk as Line Pack Pressure Surges to Dangerous Levels
Pakistan's gas transmission and distribution system is at risk due to increasing line pack pressure, which surged to a dangerous…