Business
Abu Dhabi launches campaign to attract talented individuals, investors for long-term stay
February 11, 2021
Abu Dhabi launches campaign to attract talented individuals, investors for long-term stay
Abu Dhabi has launched a multi-pronged campaign that aims to encourage talented professionals, students and investors to grow priority sectors…
Govt waives income tax on debt profit made via Roshan Digital Accounts
February 11, 2021
Govt waives income tax on debt profit made via Roshan Digital Accounts
The government has waived income tax on profit earned by overseas Pakistanis from the investment they make in the country’s…
SBP says it did not direct banks to charge fee for balance inquiry through ATMs
February 11, 2021
SBP says it did not direct banks to charge fee for balance inquiry through ATMs
The State Bank of Pakistan distanced itself from the ATM receipt fees being charged by banks from customers recently. Multiple…
Car manufacturers seek clarity on incentives for new entrants
February 10, 2021
Car manufacturers seek clarity on incentives for new entrants
Car manufacturers have asked the Engineering Development Board (EDB) to specify the cut of dates for them to seek benefits…
Consumers to pay Rs1.5 more on their December electricity bills
February 10, 2021
Consumers to pay Rs1.5 more on their December electricity bills
Power consumers, excluding those of K-Electric, will pay an additional Rs1.53 per unit on their December electricity bills, a notification…
British pound hits new high against USD since April 2018
February 10, 2021
British pound hits new high against USD since April 2018
The British pound rose to 1.3855 against the U.S. dollar at 0900 GMT on Wednesday, hitting its highest level since…
ECC approves payment mechanism for IPPs
February 9, 2021
ECC approves payment mechanism for IPPs
In a bid clear the outstanding dues of 46 independent power producers (IPPs), the Economic Coordination Committee (ECC) of the…
Global stocks inch to record high; dollar weakens
February 9, 2021
Global stocks inch to record high; dollar weakens
Global stocks rose for the seventh straight day to a record high on Tuesday, while bitcoin briefly hit a fresh…
Oil climbs to 13-month highs on output cuts, demand recovery hopes
February 9, 2021
Oil climbs to 13-month highs on output cuts, demand recovery hopes
Oil prices edged up to their highest in 13 months on Tuesday as supply cuts by major producers and optimism…
Gold rates remain unchanged in Pakistan
February 8, 2021
Gold rates remain unchanged in Pakistan
A single tola of 24-karat gold in Pakistan was sold for Rs118,000 on Monday, February 8, at the closing of…