Internet in Pakistan has gone down for the 9th time in a week.
Internet service providers (ISPs) and cellular mobile networks in Pakistan are once again facing disruptions. It's also unclear if the under sea cable or the floods are to blame. Due…
The government will provide significant sales tax relief to the pharmaceutical industry.
The federal government has decided to provide big sales tax relief to the pharmaceutical industry through a Presidential Ordinance to be issued following the International Monetary Fund (IMF) Executive Board…
Govt Proposes 5% Tax on Manufacturers
Under its new economic strategy, the federal government has suggested raising the 5% tax on manufacturers in order to boost the country's exports.According to the Express Tribune, manufacturers that earn…
Telenor’s fiber optic networks were damaged due to severe rainfall
Telenor's network in Pakistan is experiencing problems, with several services inaccessible to a wide range of customers. The company said on Twitter that fiber optic networks were damaged due to…
Shell Pakistan suspends all aviation activities throughout the nation.
KARACHI: Shell Pakistan Limited said on Wednesday that it would stop all aviation activities in the country. The company said in a notification issued to the Pakistan Stock Exchange (PSX)…
Stock dropped 185 points as investors took profits.
KARACHI: Pakistani stocks dropped 185 points on Tuesday, due to investors' desire to book gains. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 43,437 points, down…
SBP publishes KIBOR rates for August 17, 2022.
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on August 17, 2022. Following are the latest KIBOR rates: TenorBIDOFFER1 – Week14.9315.432 –…
Honda lowers car prices by up to Rs. 550,000.
Honda, as Toyota and Suzuki, has announced price reductions for the City, Civic, and BR-V. Honda Atlas Cars Limited (HACL) notified its dealerships about the new prices through email.The company…
Punjab will transform the Orange Line Metro Train to solar power.
The Punjab government intends to convert the Orange Line Metro Train (OLMT) to solar energy in order to reduce electricity costs and protect the environment. Ozair Shah, General Manager (Operation)…
In July, Pakistan’s petroleum imports fell by more than 60%.
According to the Pakistan Bureau of Statistics, Pakistan's petroleum group imports fell 60.54 percent month on month (MoM) in July to $1.436 billion, down from $3.639 billion in June 2022.…
