TechAbu Dhabi's MGX plans to raise up to $25 billion to boost AI investments
MGX explores raising capital from strategic investors to expand its artificial intelligence portfolio, with Mubadala and G42 as key backers
Aug 5, 2025
Monitoring Report
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World Business NewsEU goods face 15% tariff in U.S., with exceptions for select products
EU official clarifies that 15% tariff includes all goods except steel, aluminium, pharmaceuticals, and semiconductors
Aug 5, 2025
EnergySaudi Aramco reports lower Q2 revenues, forecasts higher oil demand in second half of 2025
Despite a dip in crude prices, Aramco anticipates stronger demand in the second half, supported by higher output and refining performance
Aug 5, 2025
HeadlinesNCCPL announces revised Capital Gains Tax rates effective in FY26
New tax rates introduced for PSX, PMEX, and mutual funds under MUFAP following Finance Act 2025 amendments
Aug 5, 2025
HeadlinesECC approves Rs30bn grant and Rs9bn EV subsidy program
The Economic Coordination Committee greenlights grants for outstanding claims and launches a nationwide electric vehicle initiative
Aug 5, 2025
HeadlinesGwadar Port signs deal with Xinning Enterprise to boost industrial investment
Gwadar Port Authority and Chinese firm Xinning Enterprise commit to industrial ventures and enhancing port operations
Aug 5, 2025
HeadlinesPakistan’s chemical exports to China triple in first six months of 2025
Surge in chemical exports to China driven by growth in chemical products and preparations
Aug 5, 2025
HeadlinesFIA investigates Universal Tobacco Company over tax evasion and fraud
Mardan-based cigarette manufacturer under scrutiny for alleged Federal Excise Duty fraud and money laundering
Aug 5, 2025
HeadlinesGovernment optimistic about meeting full-year revenue target after July's success
FBR surpasses July revenue target, as PM Shehbaz Sharif emphasises continued reforms and coordination for sustained growth
Aug 5, 2025
Headlines3,999 acres of Pakistan Railways land under illegal occupation by govt, defence department, NA informed
Minister reveals that 13,115 acres of railway land, or 7.7%, is illegally occupied, with government and defence departments holding the largest share; Railways recovered over 2,550 acres in the past five years
Aug 5, 2025
HeadlinesFBR disallows 50% of business expenditure for non-bank transactions over Rs200,000
New tax circular targets unbanked sales and unregistered purchases to boost formal sector compliance
Aug 5, 2025
HeadlinesFaceless Customs Assessment clears luxury vehicle at just Rs 17,635, sparking concerns over under-invoicing, money laundering
Audit reveals systematic under-invoicing of luxury vehicle imports, with a total discrepancy of Rs 6.58 billion in declared and assessed values, raising red flags on illegal financial channels
Aug 5, 2025