Power Cement Limited (PSX: POWER) has decided to re-profile long-term obligations of Rs. 11.9 billion, the company informed the Pakistan Stock Exchange on Monday.“In the wake of rising inflationary pressures, high-interest rates and depressed local de…
The Central Development Working Party (CDWP) cleared 28 development projects worth Rs. 309.14 billion during its meeting held on Saturday under the chairmanship of Federal Minister for Planning Development and Special Initiatives Ahsan Iqbal.The meeti…
The amended Finance Bill 2023 has increased income tax on the income of individuals and association of persons (AOPs).The revised slabs for the individuals/AOPs revealed that where taxable income exceeds Rs. 600,000 but does not exceed Rs. 800,000, th…
The fiscal adjustments announced by Finance Minister Ishaq Dar on Saturday in the budget for the next fiscal year (FY24) will put more tax burden on the salaried class.According to a report in Express Tribune, people who are earning Rs. 200,000 per mo…
Pakistan has won the unanimous endorsement of the Asia Pacific Group for its candidature for a non-permanent seat on the UN Security Council for the term 2025-2026.In a tweet, Foreign Minister Bilawal Bhutto Zardari thanked the 55-member group for the…
In August, Microsoft will be raising the prices of the Xbox Series X in several countries, excluding the US, Japan, Chile, Brazil, and Colombia.Additionally, next month will mark the first increase in monthly prices for Xbox Game Pass and Xbox Game Pa…
Suzuki Motor Corporation has signed an agreement with SkyDrive Inc. to manufacture “flying cars” at a Shizuoka Suzuki plant in Japan in Spring 2024. SkyDrive is a Japanese company based in Toyota City, Aichi Prefecture.The two companies will develop a…
Pakistan’s Real Effective Exchange Rate (REER) jumped by 1.5 percentage points to 87.1 in May 2023.According to the latest monthly data released by the State Bank of Pakistan (SBP), the trend indicates a big increase from 85.6 recorded in April 2023.A …