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Web Desk
Feb 27, 2025

Govt sets Zakat Nisab at Rs179,689 for 2025

The government has set the Nisab for Zakat for 2025 at Rs179,689, which will be deducted from savings accounts, profit and loss sharing accounts, and similar financial accounts.

Business

Web Desk Karachi
Feb 27, 2025

Nissan CEO Uchida’s departure looms as company grapples with financial losses

Nissan’s board of directors is exploring potential candidates to succeed Makoto Uchida, a company veteran of 22 years who has served as CEO since late 2019.

Business

Web Desk
Feb 27, 2025

PSX stays in green as KSE-100 gains nearly 600 points

The PSX maintained a positive trend on the second-last trading day of the month, with the benchmark KSE-100 index gaining 513.59 points.

Business

Web Desk Karachi
Feb 27, 2025

Pakistan plans modern steel mill on PSM site with Russian collaboration

Pakistan Steel Mills, which was established with assistance from the Soviet Union in the 1970s, has been a significant financial liability for the government, remaining inactive since June 2015.

Business

Web Desk Karachi
Feb 27, 2025

IMF rejects Pakistan’s EV sales tax exemption proposal

The visit from the IMF delegation is part of extensive efforts to synchronize Pakistan’s financial policies with global climate commitments, ensuring the implementation of sustainable economic reforms.

Business

Web Desk
Feb 27, 2025

Intraday trade: PKR gains 12 paisa against USD

The Pakistani rupee (PKR) gained 12 paisa against the US dollar (USD) during early trading on Thursday.

Business

Web Desk Karachi
Feb 27, 2025

Power Division proposes Rs392.5 billion PSDP for development projects in FY2025-26

The allocation for FY 2024-25 was Rs150.269 billion, comprised of Rs61.578 billion in foreign loans, Rs88.69 billion in rupee coverage, Rs43.012 billion sourced from the government (grants plus cash development loans), and Rs45.679 billion from NTDC’s internal resources.

Business

Web Desk Karachi
Feb 27, 2025

Saudi Arabia tops global trust rankings with 87pc confidence in government

The United Arab Emirates (UAE) also achieved notable success in the rankings, securing the third spot worldwide with a government trust rate of 74 percent, placing it behind Saudi Arabia and China.

Business

Web Desk Karachi
Feb 27, 2025

UAE intensifies investment drive in financial services, pharmaceuticals, and technology

Alsuwaidi highlighting the considerable growth potential within the financial services sector, specifically in areas such as asset management, insurance, banking, and FinTech said: “We are still far behind where we would like to be.”

Business

Web Desk
Feb 27, 2025

Govt to extend FCA benefits to domestic, agricultural power consumers

The government has decided to extend the benefits of lower Fuel Cost Adjustment (FCA) to domestic electricity consumers using up to 300 units per month, as well as to agricultural consumers.