Finance

PepsiCo is facing a lawsuit with the US Federal Trade Commission over allegations of price discrimination – Trendy Blogger

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PepsiCo is facing a lawsuit with the US Federal Trade Commission over allegations of price discrimination – Trendy Blogger

The US Federal Trade Commission (FTC) filed a lawsuit against PepsiCo, Inc. on Friday, alleging that the company engaged in illegal price discrimination by providing unfair pricing advantages to large retailers. The complaint alleges that PepsiCo provided promotional payments and other benefits to the retailer while increasing prices for competitors. Lina M said: “When companies … Read more

He urged FBR to set up a tax office in Gwadar amid rising economic activity – Trendy Blogger

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He urged FBR to set up a tax office in Gwadar amid rising economic activity – Trendy Blogger

The Pakistan Tax Bar Association (PTBA) has called on the Federal Board of Revenue (FBR) to set up a dedicated tax office in Gwadar, citing increased economic activity and growing compliance challenges faced by local taxpayers. In a letter to FBR Member (Operations) Hameed Atiq Suroor, the PTBA asserted that the existing facilitation center in … Read more

The World Bank refutes allegations of criticism of Pakistan’s Oran Plan – Trendy Blogger

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The World Bank refutes allegations of criticism of Pakistan’s Oran Plan – Trendy Blogger

World Bank Country Director Naji Ben Hussein denied reports that the international financial institution criticized Pakistan’s Oran plan, calling the allegations a “misinterpretation.” In a statement shared on X (formerly Twitter), Ben Hassine addressed the confusion caused by articles published earlier that day. He explained that the reports misinterpreted a specific sentence in the newly … Read more

PIA apologizes for Eiffel Tower ad – Trendy Blogger

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PIA apologizes for Eiffel Tower ad – Trendy Blogger

Pakistan International Airlines on Friday apologized for an advertisement of a plane flying over the Eiffel Tower, published on the occasion of the first flight to Paris after the safety ban was lifted. The photo posted by PIA on social media showed a plane targeting the French landmark with the caption: “Paris, we are coming … Read more

Punjab introduces new property tax regime – Trendy Blogger

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Punjab introduces new property tax regime – Trendy Blogger

Lahore: The Punjab government has introduced a new property tax system to simplify processes, eliminate complexities and enhance transparency. According to Minister of Excise, Taxation and Narcotics Control Masoud Mukhtar, the new system has become effective from January 1, 2025, and property taxes will now be determined based on the DC schedule of the respective … Read more

Short-term inflation in Pakistan reaches its lowest level in 6.5 years – Trendy Blogger

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Short-term inflation in Pakistan reaches its lowest level in 6.5 years – Trendy Blogger

: Pakistan’s Sensitive Price Index (SPI) inflation rate fell to its lowest level in six and a half years, rising by just 1.16% year-on-year (YoY) for the week ending January 16, 2024. This data was shared by the Pakistan Bureau of Statistics (PBS) and analyzed by Topline Securities. Year-on-year inflation reflects rising prices of basic … Read more

The PSX index rose more than 1,400 points on strong economic indicators – Trendy Blogger

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The PSX index rose more than 1,400 points on strong economic indicators – Trendy Blogger

The Pakistan Stock Exchange (PSX) ended the week on a higher note, with the benchmark KSE-100 index rising 1,435.34 points or 1.26%, ending Friday’s session at 115,272.08. The index witnessed an intraday high of 115,356.12 and a low of 113,571.95, reflecting increased investor activity amid political and economic developments. The market started cautiously as participants … Read more

The Qadir Fund case: How one deal brought down Imran Khan and Bahria Town – Trendy Blogger

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The Qadir Fund case: How one deal brought down Imran Khan and Bahria Town – Trendy Blogger

Former Prime Minister Imran Khan was found guilty in the Al Qadir Trust case, with an accountability court sentencing him to 14 years in prison at the end of a nearly two-year trial. The ruling also convicted the wife of the former Prime Minister, Bushra Bibi, and sentenced her to seven years in prison. The … Read more

The cost of Diamer-Bhasha Dam rises to Rs 1.05 trillion due to design revisions and security measures – Trendy Blogger

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The cost of Diamer-Bhasha Dam rises to Rs 1.05 trillion due to design revisions and security measures – Trendy Blogger

The cost of the Diamerpasa Dam project increased by 119.21%, rising from Rp479 billion to Rp1.05 trillion, due to revised design standards, enhanced security measures, and exchange rate fluctuations. Water Resources Minister Musadiq Malik revealed these numbers in a written response during the National Assembly session. The Minister explained that the design reviews were based … Read more

The French Ambassador raises the concerns of electricity companies with the Minister of Energy – Trendy Blogger

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The French Ambassador raises the concerns of electricity companies with the Minister of Energy – Trendy Blogger

French Ambassador to Pakistan Nicolas Jalli met with Energy Minister Owais Leghari to discuss the challenges faced by French independent energy producers operating in Pakistan. The meeting comes in the wake of the commitment made by Prime Minister Shehbaz Sharif to French President Emmanuel Macron during their bilateral meeting in Riyadh last month. The challenges … Read more