Business News
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IHC issues stay order for tax on windfall income
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[ad_1] A representational image. — Canva ISLAMABAD: The Islamabad High Court (IHC) on Wednesday stayed the government’s decision to levy a windfall tax from banks for the revenues generated through foreign exchange transactions, a move that analysts had said would…
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Student loan relief scams are rampant across US — Here’s how to be safe
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[ad_1] US students walking in their university. — AFP/File President Joe Biden promised millions of American students up to $20,000 in loan forgiveness, but the programme was stopped by the Supreme Court, and the assistance never arrived. Borrowers were frequently…
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Rs70b money laundering uncovered | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s tax chief on Wednesday disclosed that two importers of solar panels were involved in a Rs70 billion money laundering scheme after an internal investigation revealed the involvement of five commercial banks in transferring funds to destinations like…
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Gold surges to 3-month high at Rs221,000 per tola | The Express Tribune
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[ad_1] KARACHI: The price of gold hit a three-month high at Rs221,000 per tola (11.66 grams) in Pakistan, following a global trend, as the domestic currency remains largely stable at around Rs285 against the US dollar in the interbank market…
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Pakistan, Kuwait sign agreements for multi-billion investment
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[ad_1] Caretaker Prime Minister Anwaar-ul-Haq Kakar (centre) along with Pakistani and Kuwaiti officials in Qatar during the signing of MoUs, on November 29, 2023. — APP Pakistan and Kuwait signed numerous memorandums of understanding (MoUs) as the struggling South Asian…
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Saudi Arabia rolls over $3 billion deposit for another year
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[ad_1] — AFP/File In a major relief to the country’s economy, Saudi Arabia has rolled over $3 billion deposit with the State Bank of Pakistan (SBP) for another year. “The Saudi Fund for Development (SFD) on behalf of the Kingdom…
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Customers can now choose their own fares on ‘Flexi Rides’
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[ad_1] A representational image of a person using a ride-hailing app. — Facebook/Careem In a positive development for inflation-weary masses, a new ride-hailing option by Careem — called “Flexi Rides” — will now allow customers and captains to choose their…
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Saudi Arabia extends term of $3b deposit for another year | The Express Tribune
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[ad_1] Pakistan’s central bank on Wednesday reported that Saudi Arabia had extended the period of its deposits worth $3 billion for another year, a move that would help the country maintain its foreign exchange reserves and strengthen its domestic economy….
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PSX hits another milestone, crosses 61,000 mark
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[ad_1] An investor talks on his phone at the PSX. — AFP/File KARACHI: The bulls pushed the Pakistan Stock Exchange (PSX) to another historic high on Wednesday as the benchmark KSE 100 index surged past 61,000 points with hopes that…
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Atlas Honda rolls out its first EV bike in Pakistan
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[ad_1] An undated image of Honda BENLY e. — Honda Atlas Honda has launched the company’s first EV motorcycle ‘BENLY e’ in a bid to promote environmentally friendly vehicles in the country. However, one of the major motorcycle manufacturers did…
