HeadlinesCentre, provinces retire over Rs2 trillion in budgetary borrowings within five months
Repayment has been bolstered by Rs3 trillion profit transfer from SBP to federal government
Dec 11, 2024
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Headlines
HeadlinesPower sector losses exceed Rs660 billion in FY24 as inefficiencies rise
Transmission and distribution leakages alone accounted for an estimated Rs281 billion of the total losses
Dec 11, 2024
HeadlinesTelecom operators set critical conditions for 5G launch in Pakistan
Local currency payments, staggered payment plans, reduced taxes, and adequate spectrum availability in the 2600 MHz band are among key demands
Dec 11, 2024
HeadlinesIMF clears hurdles for PIA privatisation with tax waiver, liability transfer
Sales tax exemption on aircraft leases and liability parking in holding company revived sell-off hopes
Dec 11, 2024
HeadlinesCiti Pharma and Martin Dow join hands with Chinese firm to revolutionize Pakistan's biotech sector
Landmark partnership to establish cutting-edge biotech manufacturing facility aimed at reducing medicine imports and boosting exports.
Dec 10, 2024
HeadlinesCabinet approves settlement agreements with eight bagasse-based IPPs to slash electricity costs
Government aims to cut tariffs, benefiting the public and saving Rs 238 billion for the national exchequer.
Dec 10, 2024
HeadlinesFBR designates 34 banks as withholding agents under SWAPS integration
Banks to streamline tax deduction and collection under synchronized withholding system.
Dec 10, 2024
HeadlinesGovt to release December salaries, pensions early for Christian employees ahead of Christmas
Dec 10, 2024
World Business NewsOpenAI expands ChatGPT with new Sora text-to-video tool
It is now accessible as Sora Turbo at no extra cost for ChatGPT Plus and Pro users
Dec 10, 2024
World Business NewsGoogle backs $800 mln funding for Intersect Power’s clean energy projects
The investment reflects Google's push to enhance domestic data center capacity in response to growing cloud demands driven by AI technologies
Dec 10, 2024
World Business NewsAmazon to launch quick commerce trials in India, targets 15-minute deliveries
Amazon follows Walmart-backed Flipkart, which piloted its quick commerce service earlier this year in select cities, offering 10-minute grocery deliveries
Dec 10, 2024
HeadlinesFBR reverses restriction on carrying more than one mobile phone
FBR also revokes amendment to classify imports above $1,200 as trade items
Dec 10, 2024