Business News
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JVs get govt’s go-ahead to move Chinese industries to Pakistan
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[ad_1] Prime Minister Muhammad Shehbaz Sharif chairs a meeting on matters related to the Board of Investment, in Islamabad on Wednesday, June 26, 2024.— APP Prime Minister Shehbaz Sharif on Wednesday gave the go-ahead to joint ventures (JVs) between the two nations to relocate Chinese industries to Pakistan, in a bid to reinvigorate the China-Pakistan…
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Govt asked to swiftly develop digital infrastructure | The Express Tribune
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[ad_1] LAHORE: Pakistan should take solid steps to bolster reforms related to the market-oriented allocation of data elements and speed up the construction of digital infrastructure, including industrial internet and computing power networks, stated Moazzam Ghurki, President of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI). These steps should be part of the broader…
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Sri Lanka signs partial debt deal for recovery after financial crash
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[ad_1] Demonstrators move away from tear gas used by the police near Sri Lankan President Gotabaya Rajapaksa’s residence during a protest against him as many parts of the crisis-hit country faced up to 13 hours without electricity due to a shortage of foreign currency to import fuel, in Colombo, Sri Lanka March 31, 2022. —…
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Rethinking taxation: A call to support | The Express Tribune
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[ad_1] I would like to suggest a re-evaluation of the current approach to taxation, particularly concerning salaried employees. Countries around the world are focusing on attracting and retaining talent—individuals who can strategise the future of their institutions and drive success through their innovation and experience. If we burden our top talent with unfair and…
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Pakistan’s SOEs losses hit Rs905 billion in FY23
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[ad_1] A repersentational image of a graph. — Unsplash Pakistan’s state-owned enterprises (SOEs) losses hit a staggering Rs905 billion in the fiscal year 2022-23, showing a 23% swell compared to the previous fiscal year of 2021-22. It was revealed in a report titled “Aggregate Annual Report on Federal State-Owned Enterprises (SOEs) for Financial Year 2023,”…
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Shehzad Roy expresses gratitude to govt for removal of taxes on books
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[ad_1] Pakistani singer, guitarist and social activist gestures for a photograph. — Facebook/Shehzad Roy/File Pakistani singer and social activist Shehzad Roy has expressed gratitude to the Finance Minister Muhammad Aurangzeb for removing sales taxes from books in the federal Budget 2024-25, Geo News reported on Tuesday. “Speaking up makes a difference. Earlier, it (speaking up) was feared, however,…
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Ogra act amendment to bring $200m | The Express Tribune
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[ad_1] ISLAMABAD: The government is set to amend the Oil and Gas Regulatory Authority (Ogra) Act aimed at allowing the operator of Energas Terminal to have monopoly over capacity utilistion in a bid to attract investment of $200 million from Qatar. At present, the terminal operator is bound to permit the use of liquefied natural…
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No additional duty on solar panels, says PM as masses bear brunt of power tariff increase
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[ad_1] Workers washing 300 KWP solar PV system after its installation at Nishtar Medical University and Hospital in Multan, on December 4, 2022. — APP Prime Minister Shehbaz Sharif has clarified that there is no plan in place for imposing additional duties on solar panels which hinders the accessibility of low-cost energy to citizens. The…
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‘Non-filers to be given personal hearing before SIM blockage’
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[ad_1] Minister for Finance and Revenue Senator Muhammad Aurangzeb addressing to wind up the Federal Budget 2024-2025 in the National Assembly of Pakistan. —APP The government has decided to incorporate the Senate’s proposal to provide an opportunity for non-filers to have a personal hearing before measures such as SIM blockage and a ban on foreign…
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KSE-100 index emerges as Asia’s ‘best performing market’
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[ad_1] An investor can be seen looking at the digital stock board at the Pakistan Stock Exchange. — AFP/File In a positive development reflecting impressive resilience, Pakistan’s stock market has outperformed its Asian peers to emerge as the best-performing market in the continent in the ongoing year 2024, reported Bloomberg. Strategists are of the view…
