Category: Business
Two Karachi markets pay more tax than all markets of Lahore, Islamabad
Karachi has always been in a debate for being marginalized despite paying heavy taxes making it a top tax-paying city across the country. According to FBR report,...
K-Electric told to give details of foreign contractors working with it
The National Electric Power Regulatory Authority (NEPRA) on Sep 17 directed K-Electric (KE) to submit details of contractors engaged with KE and also asked for details...
Pakistan’s tobacco exports jump in July
Tobacco farmers and labourers in Khyber-Pakhtunkhwa have appreciated the withdrawal of advance tax of Rs500 per kg on tobacco crop, which has caused an increase of...
Pakistan’s automobile industry criticized for its inability to produce cars
Federal Minister for Science and Technology Fawad Chaudhry says Pakistan must adapt to new technology and produce goods such as better cars and mobiles and also world...
IMF asks Pakistan to hike gas, electricity tariff
The International Monetary Fund (IMF) has asked the Pakistani government to increase the prices of gas and electricity for consumers in order to achieve the tax...
Pakistan’s foreign exchange reserves rise to $12.8m
The foreign exchange reserves held by the State Bank reached $12,807 million on September 4. This is the highest level of dollar reserves recorded since February 2018. A...
Pakistan looks for Chinese help in corporate farming
Pakistan is seeking support of China for corporate farming through the inclusion of agriculture in the China-Pakistan Economic Corridor (CPEC) programme in the hope of...
World Bank estimates $10 billion will solve Karachi’s problems
The World Bank estimates that Karachi needs $9 billion to $10 billion pumped into it over the next 10 years for it to be fixed. In a recently released 2018...
Karachi-based company to manufacture ventilators
The Drug Regulatory Authority of Pakistan (DRAP) has approved the second company for the production of ventilators, as the country seeks to make itself self-sufficient...
Japan willing to enhance trade with Pakistan
Ambassador of Japan to Pakistan Kuninori Matsuda has said that Japan is willing to import mangoes, rice, fish and textile products from Pakistan and requested that...