Karachi allocates 2.1 billion rupees for development of Korangi industrial zone Blogging Sole

Karachi allocates 2.1 billion rupees for development of Korangi industrial zone

 Blogging Sole

Construction work of Malir Korangi Expressway towards Quaidabad segment is underway, at Korangi Industrial Area in Karachi on Wednesday, November 6, 2024. — PPI KARACHI: Karachi Mayor Murtaza Wahab on Thursday announced an allocation of Rs 2.1 billion to address pressing infrastructure issues in Korangi Industrial Area (KIA), News reported. Speaking at the Korangi Association … Read more

The CNT asks the provinces to submit agricultural tax bills by the end of the year Blogging Sole

The CNT asks the provinces to submit agricultural tax bills by the end of the year

 Blogging Sole

A representative image showing two men looking at their crops in a field in this undated photo. — ADB/File The mandate of the NTC will be expanded to include property tax. Unified rates on cards for harmonization of GST on goods and services. Adjustments to the ICA regimes were considered to align them with Federal … Read more

‘Accelerating Prosperity’ drives entrepreneurial growth in Pakistan and other countries Blogging Sole

‘Accelerating Prosperity’ drives entrepreneurial growth in Pakistan and other countries

 Blogging Sole

AP Asia’s achievements were celebrated at the AP Asia broadcast event, which took place at a local hotel in Islamabad. — Image provided by event organizers After more than four years of dedicated efforts, the “Accelerating Prosperity” project in Central and South Asia (AP Asia), funded by the European Union (EU) and implemented by Accelerating … Read more

Saudi Arabia extends $3 billion deposit to Pakistan for another year Blogging Sole

Saudi Arabia extends  billion deposit to Pakistan for another year

 Blogging Sole

A currency dealer counts Pakistani rupees and US dollars at his store in Karachi. -Reuters Mandate extension reflects Saudi Arabia’s continued support for Pakistan: SBP. “Act to contribute to the economic growth and development of the country. » The $3 billion deposit agreement was also extended to 2022 and 2023. The Saudi Fund for Development … Read more

PSX breaks 108,000 barrier as investors bet big on major rate cut Blogging Sole

PSX breaks 108,000 barrier as investors bet big on major rate cut

 Blogging Sole

Stock brokers answer phone calls and monitor stock prices on their computers during a trading session at PSX, December 4, 2024. — APP The stock market continued its climb to cross the 108,000 point mark on Thursday, driven by a buying frenzy, growing anticipation of a substantial cut in interest rates at the Bank’s next … Read more

Bitcoin Surpasses $100,000 on Optimism Over Trump’s Crypto-Friendly Policies Blogging Sole

Bitcoin Surpasses 0,000 on Optimism Over Trump’s Crypto-Friendly Policies

 Blogging Sole

A representation of the virtual currency Bitcoin is seen in front of a stock chart in this illustration taken on November 19, 2020. — Reuters An increase of 45% in four weeks after Trump’s victory in the American elections. Trump will nominate pro-crypto Paul Atkins as SEC chairman. The market is looking at a potential … Read more

Minister refutes reports of cut-price oil deal with Russia Blogging Sole

Minister refutes reports of cut-price oil deal with Russia

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The Maltese-flagged tanker Minerva Baltica sails through the Bosphorus en route to the Black Sea in Istanbul, Turkey, December 5, 2022. — Reuters Islamabad does not buy any crude oil cargo from Moscow: Malik. The minister said the government was considering postponing 5 additional LNG cargoes. Highlights excess LNG due to lack of purchase by … Read more

PSX crosses 104,500 mark as cooling inflation fuels rate cut optimism. Blogging Sole

PSX crosses 104,500 mark as cooling inflation fuels rate cut optimism.

 Blogging Sole

A stockbroker attends a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP The rally progresses as investors gorge themselves on valuations. Analysts predict sustained growth with stabilized policies. November inflation figures exceeded official market forecasts. Stocks continued their explosive upward momentum Tuesday, building on Monday’s record gains … Read more

Delaware judge once again rejects Elon Musk’s $56 billion Tesla salary Blogging Sole

Delaware judge once again rejects Elon Musk’s  billion Tesla salary

 Blogging Sole

Tesla CEO and X owner Elon Musk listens as US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency Hotel in Washington, DC, USA, on November 13, 2024. — Reuters A Delaware judge ruled Monday that Tesla CEO Elon Musk is still not entitled to $56 billion in compensation, despite … Read more

Karachi residents to get Re 0.18 per unit relief on their electricity bills Blogging Sole

Karachi residents to get Re 0.18 per unit relief on their electricity bills

 Blogging Sole

A view of the K-Electric headquarters, with solar panels in the parking lot, in Karachi, January 24, 2023. — Reuters The National Electric Power Regulatory Authority (Nepra) has announced a reduction of Re 0.18 per unit in electricity prices for consumers in Karachi as part of the September 2024 monthly adjustment, News reported. The reduction … Read more