Category: Business

Govt to Impose 2.5% Income Tax On People Earning Between 6000,000 to 1.2 Million Annually

On Tuesday, Pakistan announced a "broad agreement" on the budget for the upcoming year with the International Monetary Fund (IMF), which saw the budget's size increase to Rs 9.9 trillion. The government also...

Dollar Reaches Rs 212 at Midday Interbank Trading

On Tuesday, the US dollar hit an all-time high of Rs212 against the Pakistani Rupee (PKR) in midday trading on the interbank foreign exchange market. The US dollar is now trading at Rs212,...

Government Decides to Launch Power-Saving Drive in its Offices

The federal and provincial administrations have decided to implement a power-saving campaign in government offices. "During working hours, the air conditioners of Grade 17 to 20 officers will be turned off for three...

Alibaba to Make its First Entry Into Pakistan With Logistics Service

Alibaba, the e-commerce behemoth, will be expanding its operations into Pakistan for the first time. Cainiao, the company's logistics business, is building two automated distribution centers in Karachi and Lahore as part...

Gold Surges To An All-Time High In Pakistan At Rs 145,000

After adding Rs1,500 on Friday, gold rates in Pakistan reached an all-time high of Rs145,500 per tola, barely a day after setting a record high the day before. The All Sindh Sarafa and...

Pakistan’s First Hybrid Hub Apricart Continues to Transform Shopping Habits by Innovating E-Grocery

Apricart, Pakistan's fast-growing online grocery company, has taken another exciting step toward transforming the retail market by launching Pakistan's first hybrid grocery center. Apricart's mission of enabling the masses of Pakistan to...

Punjab Markets to Close at 9 PM Under Power-Saving Plan

According to sources, the initial phase of the power-saving strategy imposed limits for two months.The government has finished its talks with trade groups and chambers of commerce.According to the LCCI's president, implementing...

Electricity Supply from Commercial Feeders to be Cut from 7-10 pm Across Pakistan: Sources

In a significant step, the Power Division has decided to turn off commercial feeders across the nation from 7 to 10 p.m. to save energy in the face of rising oil costs,...
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