Business

Pakistan Stock Exchange (PSX) experienced a tumultuous week, marked by historic highs and lows as profit-taking, policy changes and economic indicators stirred market sentiment. The State Bank of Pakistan's (SBP) decision to cut its policy rate by 200 basis points (bps) to 13% initially fueled investor optimism, propelling the KSE-100 …

Listen to article ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed penalties on three dairy associations in Karachi for colluding to influence fresh milk prices, a contravention of Section 4(1) and 4(2)(a) of the Competition Act 2010. The penalties include Rs1 million on Dairy and Cattle Farmers Association and Rs500,000 each …

WASHINGTON: The top Democrat on the House of Representatives Appropriations Committee said on Friday that Republicans in Congress were protecting Elon Musk’s Chinese investments by scrapping provisions restricting US investments. Representative Rosa DeLauro said in a letter that Musk, CEO of electric carmaker Tesla, may have upended the government funding …

Listen to article LAHORE: In a significant step towards institutional excellence and modernisation, the Water and Power Development Authority (Wapda) has signed the Institutional Assessment and Reforms Consultancy (IARC) contract with a consortium led by Ginger Sofreco (France), GME (Uruguay) and Warm Waters Advisory (Pakistan). The initiative underscores Wapda’s commitment to adopting …

Mumbai: With the changing demographics, rapid urbanisation and changes in family structure, early planning for pension by an individual is a necessity, senior government officials and industry leaders said on Saturday.  Nagaraju Maddirala, Secretary, Department of Financial Services (DFS), Ministry of Finance, also urged advocacy by the newly-formed Association of …

Gold prices in Pakistan witnessed a sharp increase, with the price of one tola of gold rising by Rs. 2,100 to reach Rs. 273,400. The price of 10 grams of gold also increased by Rs. 1,800, bringing it to Rs. 234,396. In the international market, gold prices climbed by $21, …

New Delhi: The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman in Rajasthan, has rolled out crucial changes to the taxation framework. According to the report, ready-to-eat popcorn is set to attract varying GST rates based on its preparation and packaging, as decided in the 55th GST Council meeting …

55th GST Council Meeting Today Live: Finance Minister Nirmala Sitharaman on Saturday addressed the media on the key decisions of the 55th GST Council meeting today. The Council on Saturday discussed various issues related to goods and services tax (GST). The finance minister announced that the Council has decided to …

Chinese company ADM Group has unveiled a major investment of $350 million in Pakistan, with backing from the Special Investment Facilitation Council (SIFC). As part of the initiative, ADM Group plans to establish more than 3,000 electric vehicle (EV) charging stations across the country. The project will see 1,000 stations …

Last Updated:December 21, 2024, 14:44 IST The GST Council on Saturday decided to postpone decision on cutting taxes on health and life insurance policies for further examination, CNBC-TV18 has reported citing sources. The GoM has informed the Council about lack of consensus. The GST Council on Saturday decided to postpone …