FBR Imposes Up to Rs. 500,000 Security On Shipping Agents
The Federal Board of Revenue (FBR) has directed new freight forwarders to deposit a sum of Rs. 200,000 as a security deposit for operating in one customs station and Rs. 500,000 as a security deposit for operating in more than one customs station,
China and Pakistan Sign New MoUs to Strengthen Agricultural Trade and Technology Cooperation Under CPEC
The China-Pakistan High-Quality Agricultural Cooperation Development Forum was held in Islamabad on Thursday. Hosted by the China Chamber of Commerce in Pakistan (CCCPK), the forum aimed to strengthen agricultural industrial cooperation between China and Pakistan and promote agricultural modernization under the CPEC framework.
Govt Targets Rs. 700 Billion in New Taxes; Relief for Salaried Class Unlikely in Upcoming Budget
Pakistan and the International Monetary Fund (IMF) are trying to enforce more tax measures to raise an extra Rs. 700 billion in the 2025–26 budget to meet a revenue target of Rs. 14.307 trillion. The government has proposed tax adjustments for salaried individuals,
Sindh Cracks Down on Restaurants Refusing Card Payments
The Sindh government has taken a strict stance against restaurants and other commercial outlets that refuse to accept debit and credit card payments from customers. According to The News, authorities have warned that serious action will be taken against businesses, including restaurants, shopping
Following US troubles and EU complaints, Temu now exposed for misleading marketing and poor service in Pakistan
Temu, the international shopping app known for its eye-catching discounts and relentless advertising, is facing increasing criticism in Pakistan. Already under scrutiny in the United States for allegedly product dumping and facing antitrust complaints in Europe, the company is now being called out
BankIslami Unveils Pakistan’s First Instant Cheque Encashment Service Powered by TouchPoint’s QMatch Technology
In a significant move for Pakistan’s banking sector, BankIslami, one of the leading Islamic financial institutions in Pakistan, has launched the country’s first-ever cheque encashment service through Cash & Cheque Deposit Machines (CCDMs), powered by TouchPoint’s advanced digital platform, QMatch. This innovative service
Federal Cabinet Approves Substantial Salary Hike for Ministers
The salaries and allowances of federal cabinet members have been significantly increased, with federal ministers, ministers of state, and advisers receiving raises of up to 188 percent. Sources confirmed on Thursday that the federal ministers approved a salary hike for themselves and ministers
Prime Minister’s Zero Tolerance Policy Against Profiteers to Ensure Maximum Public Relief During Ramazan
Prime Minister Shehbaz Sharif on Tuesday directed the Islamabad administration to ensure zero tolerance against profiteers as the federal government was committed to maximum relief to the people during holy Ramazan. The prime minister, chairing a meeting to review the performance of the
Leading Real Estate group HR Properties join hands with Etihad Town
In a major move to reshape the real estate landscape, HR Properties, the trusted partner of Etihad Town, is now expanding its operations to Sialkot. Renowned for delivering secure, innovative, and profitable investment solutions in Lahore, HR Properties is bringing its expertise to
Engro Corp’s Profit Declines by 48% in 9 Months of 2024
Engro Corporation Limited (PSX: ENGRO) announced its 9MCY24 financial result with a consolidated profit after tax of Rs. 11.983 billion (EPS: Rs. 22.33), depicting a decline of 48 percent YoY. On a quarterly basis, the consolidated earnings clocked in at Rs. 5.722 billion
