Business News
-
Despite progress, challenges persist in agriculture sector | The Express Tribune
.
[ad_1] LAHORE: Pakistan’s agriculture sector had been in the limelight throughout calendar year 2023 but it did not make any significant improvement despite some supportive measures and relief packages announced by the government. Battling with the aftermath of massive flooding in the monsoon of 2022, the agriculture sector, called the backbone of rural economy, somehow…
-
Alarm over incorrect tax notices | The Express Tribune
.
[ad_1] KARACHI: In a letter addressed to Federal Board of Revenue (FBR) Chairman Amjad Zubair Tiwana, Pakistan Tax Bar Association (PTBA) President Anwar Kashif Mumtaz expressed concerns regarding the automated system’s continued issuance of income tax notices to deceased individuals and businesses that have ceased operations. Despite these companies informing the taxation body about winding…
-
Why is Elon Musk not happy with NFTs?
.
[ad_1] Elon Musk gestures during a gathering. A display of an NFT. — X/@elonmusk Elon Musk has once again expressed his opinion on NFTs, a tradeable media associated with a non-fungible token on a blockchain that gained popularity during the bull market of 2021. “Jpegs” were exchanged for cryptocurrency valued at millions of dollars at…
-
PSX recovers from historic losses, regains over 1,600 points
.
[ad_1] Stockbrokers monitor the latest share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on December 2, 2022. — APP KARACHI: A day after suffering from the highest single-day decline, the Pakistan Stock Exchange (PSX) bounced back and gained over 1,600 points on Wednesday. The benchmark KSE-100 index gained 1692.65 points…
-
Damaged pipeline to affect gas supply in several Karachi areas: SSGC
.
[ad_1] A representational image of a person lighting a stove. — AFP/File KARACHI: Several areas of Karachi will experience disruption in gas supply today due to the damaged gas pipeline located in Bath Island and Clifton, said the Sui Southern Gas Company (SSGC) on Wednesday. In a statement issued on X, formerly Twitter, the gas supply company said:…
-
Tesla robot attacks engineer with claws in ‘violent’ malfunction
.
[ad_1] Cars are seen on the assembly line during a tour of the Tesla Giga Texas manufacturing facility ahead of the “Cyber Rodeo” grand opening party on April 7, 2022, in Austin. — AFP A Tesla engineer was fatally attacked by a robot during a malfunction at the Giga Texas factory near Austin, causing horror…
-
Houthis attack Karachi-bound ship in Red Sea
.
[ad_1] The Arleigh Burke-class guided-missile destroyer USS Carney on Dec 16, 2023, shot down more than a dozen drones in the Red Sea launched from Houthi-controlled areas of Yemen. — AFP Pakistan-bound container ship from Saudi Arabia came under attack in the Red Sea, with Yemen’s Houthi militia claiming responsibility for targeting the vessel. MSC…
-
Apple can no longer sell new watch series in US — but why?
.
[ad_1] An image of the Apple Watch 9 series. — Apple Apple is no longer able to sell the Watch Series 9 and Watch Ultra 2 in the United States following President Joe Biden’s administration’s decision not to veto the ban today. On December 21st, Apple removed both devices from its website, and on December…
-
Ethiopia defaults on debt payment | The Express Tribune
.
[ad_1] LONDON: Ethiopia became Africa’s third default on Tuesday after it failed to make a $33 million “coupon” payment on its only international government bond. Africa’s second most populous country announced earlier this month that it intended to formally go into default, having been under severe financial strain in the wake of the Covid-19 pandemic…
-
Rupee to range between 297 and 321 per dollar by June-end | The Express Tribune
.
[ad_1] KARACHI: Pakistani currency is projected to depreciate 5-12% over the next six months to somewhere between Rs297 and Rs321 to a dollar in the inter-bank market by the end of current fiscal year on June 30, 2024. The forecast comes on the back of a potential uptick in demand for the greenback to pay…
