Business News
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IMF engagement boosts Pakistan’s macroeconomic conditions: SBP
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[ad_1] A brass plaque of the State Bank of Pakistan is seen outside of its wall in Karachi, Pakistan December 5, 2018. — Reuters Pakistan’s macroeconomic conditions saw improvement in the fiscal year 2023-24, driven by several factors, including effective…
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PSX scales new peak as SCO summit success boosts sentiment
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[ad_1] A trader monitors electronic trading board on the floor of Pakistan Stock Exchange. — Reuters/File Stocks scaled a new peak on Wednesday, boosted by the smooth sailing of the Shanghai Cooperation Organisation (SCO) summit, lifting investor confidence and sparking…
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Boeing jetsam: Aerospace giant to issue thousands of layoff notices next month
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[ad_1] Boeing factory workers and supporters gather on a picket line near the entrance to a Boeing production facility in Renton, Washington, US on October 11, 2024. — Reuters Global aerospace company Boeing will start issuing 60-day notices to thousands…
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FBR once again extends deadline for filing income tax returns
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[ad_1] An undated image of the Federal Board of Revenue (FBR) building in Islamabad. — APP ISLAMABAD: The Federal Board of Revenue (FBR) has once again announced an extension of the deadline for submitting income tax returns to October 31….
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Saudi Arabia’s AlBaik expected to launch in Pakistan
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[ad_1] This undated photo shows an outlet of Saudi Arabia’s AlBaik Food System Company. — AlBaik website/File Popular Saudi food chain “AlBaik Food System Company” might be opening in Pakistan as a memorandum of understanding (MoU) has been signed between…
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Boeing to cut 17,000 jobs amid ongoing employees’ strike
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[ad_1] A Boeing 787-10 Dreamliner taxis past the Final Assembly Building at Boeing South Carolina in North Charleston, South Carolina, United States, March 31, 2017. — Reuters Renowned planemaker Boeing has said that it would lay off 17,000 employees — 10%…
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Sindh CM rejects reports of IMF’s concerns on NFC award
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[ad_1] Sindh Chief Minister, Syed Murad Ali Shah addresses a press conference at CM House in Karachi in this undated photo. — PPI/File Sindh Chief Minister Syed Murad Ali Shah on Friday categorically denied media reports suggesting the International Monetary…
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Electricity tariff cut on the horizon as contracts ended with five IPPs
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[ad_1] Energy Minister Awais Leghari addresses press conference in Islamabad, October 10, 2024. — Radio Pakistan ISLAMABAD: The federal government is aiming to cut the electricity tariff by up to Rs10 after the termination of power purchase agreement with five…
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Different sectors involved in sales tax evasion worth Rs3.4 trillion: Aurangzeb
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[ad_1] Finance Minister Senator Muhammad Aurangzeb (left) and FBR Chairman Rashid Mahmood Langrial address a press conference to brief FBR study regarding sales tax evasion in Islamabad on October 10, 2024. — PID Federal Minister for Finance and Revenue Senator…
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Government cancelling contracts with 5 IPPs, says PM Shehbaz
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[ad_1] Prime Minister Shehbaz Sharif addressing the federal cabinet in Islamabad, on October 9, 2024. — Screengrab/Geo News The federal government has decided to terminate its contract with five independent power producers (IPPs) in the first phase, Prime Minister Shehbaz Sharif…
