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Web Desk
Jul 11, 2024

Brazil ratifies free trade agreement with Palestinian Authority

The agreement was initially signed in 2011 between the Mercosur trade bloc and the Palestinian Authority. It aims to foster economic development in Palestine and contribute to its ability to coexist peacefully with neighbouring states.

Business

Web Desk
Jul 10, 2024

Azerbaijan plans multi-billion dollar investment in Pakistan’s mineral sector

Minister for Petroleum announced that Azerbaijan is contemplating a substantial investment ranging between $2 to $3 billion in Pakistan.

Business

Web Desk
Jul 10, 2024

SBP sells T-bills worth Rs441.76 billion, exceeding auction target

The State Bank of Pakistan (SBP) conducted an auction on Wednesday, successfully selling Market Treasury Bills (MTBs) worth Rs441.76 billion.

Business

Web Desk
Jul 10, 2024

SBP announces two-day closure

SBP has announced that it will be closed on July 16 and 17, 2024, in observance of Ashura, which falls on the 9th and 10th of Muharram.

Business

Web Desk
Jul 10, 2024

Car sales in Pakistan drop by 18.2 per cent

Car sales in Pakistan plummeted by 18.2 per cent in the fiscal year 2023-24, according to the latest figures from the PAMA.

Business

Web Desk
Jul 10, 2024

PSX takes a breather, closes below 80,000

The Pakistan Stock Exchange (PSX) experienced a significant decline on Wednesday, a day after reaching a record high.

Business

Web Desk
Jul 10, 2024

Interbank closing: PKR loses 11.05 paisa against USD

PKR experienced a slight depreciation of 11.05 paisa against the USD during Wednesday’s interbank trading session.

Business

Web Desk
Jul 10, 2024

FBR revises withholding tax provisions for property, vehicles, and salaries

The Federal Board of Revenue (FBR) has announced changes to withholding tax provisions related to the sale and purchase of immovable property, the purchase of motor vehicles, and salary income.

Business

Web Desk
Jul 10, 2024

Gold prices increase again in Pakistan

The 10-gram gold was sold at Rs210,562 after it inched up by Rs514 during the day, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Business

Web Desk
Jul 10, 2024

ECNEC greenlights ‘Flood Response Emergency Housing Project’

The committee also extended the implementation period of the “Karachi Neighbourhood Improvement Project (KNIP)” by six months, now set to be completed by December 31, 2024.