After Careem and Uber, will the next boost to Pakistan’s ride hailing market come from a women-only service?
Both Paxi and Safr want to create a safe environment for women using this mode of transportation, but it is unclear if both management teams will be able to create businesses that can scale
Edotco planning to invest $250 million in Pakistan over next five years
Chairman Edotco Group said the company wanted to become a partner in Digital Pakistan Programme
The rupee is falling. Let it crash
Why letting the currency exchange rate fall may help fix some (but not all) of the structural flaws in the economy
Market Daily: Indices crumble along with rupee, shed 680.01 points
The KSE 100 dropped to an intraday low of 42,954.89 after a loss of 727.95 points before it settled down at 680.01 points at 43,002.83.
Suzuki to discontinue Mehran within two months, Senate told
Allahwala also revealed that “nine automotive manufacturers were working to bring an investment worth $1.50 billion to Pakistan”
Is Ernst & Young about to exit Pakistan?
Ernst & Young, the global accounting and professional services firm that goes by its brand name EY, is re-evaluating its relationship with...
Pak-Russia to sign billion dollar energy deal
Russia has shown readiness to export gas by laying an offshore pipeline through Gwadar Port to Pakistan and India
OGRA revokes Rs566 mn penalty on Pakistan LNG Limited
Following reports of alleged pressure by former prime minister Shahid Khaqan Abbasi to revoke OGRA’s decision, OGRA has finally decided to cancel the RS560 million penalty placed on PLL for cancelling the import of four LNG cargoes to the country, and pass it on to consumer.
Petrol prices up by Rs4.26, Diesel by Rs6.55
Accordingly, after the hike, petrol would be sold at Rs91.96 per litre, HSD at Rs105.31, SKO at Rs84.34 and LDO at 74.99. These prices would be effective from June 12 till June 30, 2018.
FBR forwards notices to schools for tax evasion: Report
The audit was commenced after information was received that the schools were retaining multiple accounts besides those officially declared for the hiding of receipts and income
Budget 2019-20: Salaried class to pay more taxes under PTI govt
Tax reliefs for salaried class introduced by the PML-N government have been withdrawn by the PTI led government in the latest budget.
Pakistan ranked 131st freest economy, receives freedom score of 55: Report
According to the report, the country’s overall score has risen by 0.6 points, with increased scores for judicial effectiveness and property rights outmatching declines in monetary freedom and fiscal health
PIA incurs losses as half a dozen aircraft grounded: Report
Moreover, the state-owned airline is already losing millions every month under the ambit of rent of two grounded ATR aeroplanes which have been procured on dry lease
Pakistan inflation soars to 7.19% in January year-on-year
Rising liquefied natural gas and electricity prices, as well as a spike in tomatoes, garlic and medicine, were the main reason behind the January month-on-month inflation rise
Waiving taxes, duties on cotton imports to cost Rs29 billion to national exchequer: Report
This is in addition to an Rs25 billion gas subsidy extended to five zero-rated export-focused industries of which textile titans are the biggest beneficiaries