The price of gold in Pakistan surged past the Rs. 250,000 per tola mark on Monday. According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) rose by Rs. 2,300 per tola to Rs. 250,400, while the price of 10 grams went up by Rs.
International investors want Pakistan to remit dividends owed to their shareholders in power plants under the China-Pakistan Economic Corridor (CPEC). The pending dues for CPEC power projects are around Rs. 550 billion. This was a key issue raised by China when Foreign Minister Ishaq Dar and Planning Minister Ahsan Iqbal
The banking deposits increased by over 21 percent to Rs. 28.4 trillion as of April 2024 compared to Rs. 23.4 trillion as of April 2023. According to data released by the State Bank of Pakistan (SBP), advances decreased by 0.7 percent year-over-year to Rs. 12 trillion during the same period
The State Bank of Pakistan has granted approval to Bank Alfalah Limited (PSX: BAFL) to commence due diligence of Samba Bank Limited, the bank informed the main bourse on Monday. ‘We are pleased to inform you that the State Bank of Pakistan has granted its approval to BAFL to commence
Ambassador of Sweden to Pakistan Henrik Persson called on Minister of State for IT and Telecommunication Shaza Fatima Khawaja on Monday. Views were exchanged on matters of mutual interest and boosting cooperation in the field of IT and telecommunication between the two countries. While talking to the Swedish Ambassador, the
Energy Minister Awais Leghari said the federal government had no plans to end solar net-metering next fiscal year. Addressing reporters at LESCO headquarters, Leghari denied recent reports of quashing solar net-metering, arguing that the scheme still remains a priority for the government. Last week it was reported that the government
aiSight, a startup that uses AI to analyze data to provide market share insights to the Consumer-Packaged Goods (CPG) industry, has joined the NielsenIQ Partner Network. This will allow aiSight access to NielsenIQ’s retail retail sales data globally, to be provided to mutual clients. As part of the partnership, the
The government has decided to increase reliance on withholding taxes in the coming budget (2024-25) to take additional taxation measures of Rs. 1.2 trillion to Rs. 1.3 trillion from 2024-25. Sources told ProPakistani that the government would increase rates of withholding taxes on financial transactions of non-filers and increased tax
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