FCC Strikes Down Section 7E of Income Tax Ordinance
The Federal Constitutional Court has declared Section 7E of the Income Tax Ordinance 2001 unconstitutional, impacting tax on deemed rental income from properties.
Category : Business
IMF Approves $1.2 Billion Loan Tranche for Pakistan
IMF executive board approves $1.2 billion loan tranche for Pakistan, including $1 billion under EFF and $200 million under RSF, boosting reserves to $17 billion.
Petrol Diesel Hit Rs415 per Litre in Pakistan
Petrol and diesel prices in Pakistan have soared to Rs415 per litre, marking a significant increase. The government cites global oil price hikes and currency devaluation as key factors.
Gold Prices Drop Rs2,700 per Tola in Pakistan
Gold prices in Pakistan fell by Rs2,700 per tola on Saturday, tracking a decline in international rates. The new rate is Rs294,200 per tola.
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Corporate Sector Sees Significant Growth in Pakistan
Pakistan's corporate sector is experiencing a surge driven by economic reforms, increased investment, and improved business confidence. Experts highlight key sectors contributing to this growth.
Pakistan Turkiye Pledge Climate Cooperation
Pakistan and Turkiye have agreed to enhance collaboration on climate change, focusing on renewable energy, afforestation, and disaster resilience.
Wall Street Hits Record Highs as US Stocks Climb
US stock markets surged to all-time highs on Tuesday, driven by tech gains and optimism over economic recovery. The S&P 500 and Nasdaq both set new records.
PSX Plunges 1,778 Points as KSE-100 Index Hits 171,115
The Pakistan Stock Exchange saw a sharp decline on Friday, with the KSE-100 Index losing 1,778 points to close at 171,115 amid cautious investor sentiment and regional market pressure.
Commissioner Orders Fast-Track Land Acquisition Cases for PHED
Commissioner directs swift resolution of pending land acquisition cases for PHED schemes to expedite development projects and ensure timely completion.
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Sustainable Energy Policies for Solar Expansion
Experts call for sustainable energy policies to accelerate solar expansion in Pakistan, highlighting the need for regulatory reforms and investment incentives.
PSX Index Surges 1,189 Points in Bullish Trading
The KSE 100-index rose 1,189 points to close at 172,894, with 290 companies advancing. Market cap hit Rs19.046 trillion.
NA Panel: Affordable Housing Must Serve Low-Income Families
A National Assembly panel emphasized that affordable housing finance must genuinely benefit deserving low-income families, ensuring transparency and accessibility.
Expensive Gas Forces Families to Use Cold Stoves
Rising gas prices in Pakistan have led many families to abandon cooking, resorting to cold meals. Citizens demand government action as energy costs soar.
Sindh Expands Women EV Scooter Scheme 1,000 Units Intercity Bus
Sindh government expands women's EV scooter scheme adding 1,000 units and launching an intercity bus network to promote green transport and women's mobility.
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PDMA Warns of Above-Normal Temperatures and Rainfall
PDMA issues advisory for Punjab: above-normal temperatures and rainfall expected in May-July, with heatwave conditions from Thursday to May 11.
Sindh PAC Demands Crackdown on Substandard Fertilizers
Sindh Public Accounts Committee calls for a crackdown on substandard fertilizer sales, citing harm to farmers and agriculture.
Pact Signed for Capital Market Development Fund
Major financial institutions have signed an agreement to create a Capital Market Development Fund aimed at boosting Pakistan's capital markets and investor confidence.
Pakistan Power Consumers Likely to Get Rs1.75 Per Unit Relief
Pakistan's electricity consumers may get a relief of Rs1.75 per unit as Discos seek NEPRA's nod to refund Rs64 billion from quarterly tariff adjustment.
Naval Chief Stresses Combat Readiness Against Maritime Threats
Pakistan Navy Chief Admiral Naveed Ashraf stresses maintaining high combat readiness to counter traditional maritime threats during his visit to Karachi.
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Pakistan Plans 500MW Floating Solar Project at Keenjhar Lake
Pakistan plans a 500MW floating solar project at Keenjhar Lake, Sindh, to generate clean energy, reduce fossil fuel imports, and support SDGs.
Gold prices surge in Pakistan, per tola at Rs488,962
Gold prices in Pakistan surged by Rs11,100 per tola to Rs488,962, in line with global markets. International gold rose by $111 to $4,666 per ounce.
Pakistan Revises Service Framework for Gerry's UK Ops
Pakistan updates service framework for Gerry's Group UK operations, enhancing trade ties and regulatory compliance.
Sindh Urged to Extend People's Bus Service to Kandhkot
Activists and residents demand extension of Sindh's People's Bus Service to Kandhkot, citing safety and mobility issues. The service currently operates in major cities but not in Kashmore district.
Gold Prices Drop by Rs2,100 per Tola
Gold prices in Pakistan declined by Rs2,100 per tola on Wednesday, tracking a fall in international rates. The price of 24-karat gold fell to Rs294,500 per tola.
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DC Restores Fayyaz Park with New Walking Tracks
Deputy Commissioner announces restoration of Fayyaz Park, adding new walking tracks to promote fitness and recreation for residents.
Islamabad Revises Business Timings Under Austerity
Islamabad administration has revised business timings for markets and commercial areas as part of new austerity measures aimed at reducing electricity consumption and costs.
Gold Prices Decline Rs 2,100 per Tola in Pakistan
Gold prices in Pakistan fell by Rs 2,100 per tola, with 24-karat gold reaching Rs 305,000 per tola. The decline follows international market trends.
SBP Rate Hike Wrong Remedy for Energy-Driven Inflation
The State Bank of Pakistan's policy rate increase targets supply-side inflation from energy shocks, risking recession and welfare losses without addressing root causes.
Pakistan Passport Services Restored Worldwide After Disruption
Pakistan's passport issuance services have been fully restored globally after a four-day technical disruption, affecting operations in multiple countries including Saudi Arabia, UAE, and Europe.
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Brent crude holds near $114 as Middle East tensions persist
Brent crude futures eased slightly but remained near $114 a barrel on Tuesday amid ongoing hostilities in the Middle East, particularly around the Strait of Hormuz.
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