In a recent session of the Khyber Bakhtongua Association, it was found that 129 out of 218 large industrial units in the province are currently struggling with financial crises, leading to a widespread closure. According to a news report, the Minister of Regional Industries, Abdel Karim, addressed the concerns raised by the MPA Sobia Shahid, … Read more
Samsung has made a legal challenge with an Indian court seeking to cancel the $ 520 million tax demand related to the alleged classification of imported network equipment. The South Korean technology giant is competing for claims by Indian tax authorities that they classify a major component error used in mobile phone towers, thus avoiding … Read more
Rice exports in Pakistan increased by 21.78 % in the first nine months of the fiscal year 2024-25 (July to March), with total exports exceeding 773,000 tons of the previous year, according to the latest data. The rice sector showed noticeable flexibility in the face of global turmoil in the market and the harsh competition, … Read more
The State Bank in Pakistan (SBP) has successfully organized the sixteenth Saarcfinance symposium, entitled “Challenges and opportunities in capacity building for central banks and financial industry: lessons for Saarc countries.” It was held on February 24, 2025 in NIBAF, Islamabad. The event gathered distinguished experts, policy makers and delegates from Saarc member states to discuss … Read more
In a fateful mark of technology optical influence artists, the logo behind the recent Disney films “MUFASA: The Lion King”, “The Jungle Book” and “The Lion King”, can start closing its doors early on Monday, according to For multiple sources. On Friday, Technicolor began alerting customers and employees, sending the employees a warning notice as … Read more
Islamabad: The Revenue Division suggested one time exemption from the government’s policy that requires the cancellation of 60 % of the vacancies in its field formations, noting the challenges faced by the FBR in implementing its transformational plans. This request was discussed during a meeting of the ministerial committee concerned with reducing the size of … Read more
The Federal Board of Revenue (FBR) has outlined a bold plan to address Pakistan’s significant revenue shortfall, ahead of an upcoming visit by an International Monetary Fund (IMF) delegation. This development comes at a time when Pakistan is struggling to meet critical financial commitments to secure International Monetary Fund support and stabilize its fragile economy. … Read more
Jeff Bezos’ Blue Origin is preparing for the inaugural launch of its New Glenn rocket on Sunday, marking a major milestone in its journey to compete with Elon Musk’s SpaceX in the commercial space industry. The towering, 30-story rocket has been in development for more than a decade and represents a multibillion-dollar investment aimed at … Read more
Tesla reported a record year in China with sales exceeding 657,000 vehicles in 2024, representing an 8.8% increase compared to the previous year. Despite this strong performance in the world’s largest auto market, global Tesla deliveries fell for the first time, falling 1.1% year-on-year to 1.79 million vehicles. China accounted for 36.7% of Tesla’s global … Read more
Pakistan narrowly avoided a sovereign debt default in 2024 and succeeded in securing relative economic stability through an International Monetary Fund bailout, a report said. However, the year brought increasing challenges, including higher taxes and an economic recession, which left the wage-working class under enormous pressure. The government’s decision, under IMF terms, to raise the … Read more