FBR committed to resolving taxpayer issues in KP, governor told By: APP on July 27, 2024Governor Khyber Pakhtunkhwa (KP) Faisal Karim Kundi visited the Federal Board of Revenue (FBR) headquarters and met with Chairman FBR Malik Amjed Zubair Tiwana and discussed various tax-related matters and issues faced by the people of the province. The Chairman FBR assured the Governor that all possible measures would be taken to resolve the issues […]
China and Saudi Arabia expected to rollover $9bn debt By: Agencies on July 27, 2024Pakistan is anticipating to secure a rollover of $9 billion in debt from China and Saudi Arabia for the fiscal year 2024-25. In addition, Pakistan is seeking funding for the Diamer-Bhasha Dam project. Sources from the Ministry of Economic Affairs indicate that Pakistan expects a $500 million facility from the Islamic Development Bank for oil […]
Gold price increases by Rs 1,000 per tola By: News Desk on July 27, 2024After registering a decrease in the previous session, gold prices in Pakistan registered gains on Friday in line with the increase in the international rate. In the local market, gold price per tola stood at Rs251,500 after an increase of Rs1,000. The 10-gram gold was sold at Rs215,621 after it registered an increase of Rs858, […]
Central bank likely to cut interest rate next week By: Reuters on July 27, 2024Pakistan’s central bank will likely cut its key interest rate again on Monday in its first policy meeting following the signing of a staff level agreement with the International Monetary Fund and a new state budget, analysts said. Pakistan and the IMF reached an agreement for the 37-month loan program this month. Tough measures such […]
SBP injects Rs 9.54tr into market By: APP on July 27, 2024The State Bank of Pakistan (SBP) injected Rs9,545 billion in the market on Friday through reverse repo purchase and Shariah Compliant Mudarabah based Open Market Operation (OMO). According to OMO results issued here, the SBP conducted Open Market Operation, Reverse Repo Purchase (Injection) on July 26, 2024 for 7-day and 28-day tenors and accepted 30 […]
Minister stresses SEZs’ role in attracting investment By: APP on July 27, 2024Minister for Industries and Production, Rana Tanveer Hussain on Friday emphasized the significance of Special Economic Zones (SEZs) in attracting Foreign Direct Investment (FDI) and fostering industrialization, noting that the relocation of Chinese industries presents a significant opportunity for Pakistan. While addressing a report titled Aligning Special Economic Zones Policies of Pakistan and China the […]
New taxes on mobile phones set to drive prices higher By: Agencies on July 27, 2024The Federal Board of Revenue (FBR) has introduced a new sales tax policy, effective from July 25, 2024, which is set to impact mobile phone prices significantly. Under the updated Sales Tax Act, 1990, a 25% sales tax will be imposed on completely built-up (CBU) mobile phones valued over $500, while those priced under $500 […]
Olympic rugby sevens: five takeaways going into semi-finals By: AFP on July 27, 2024Antoine Dupont helped France to a semi-final showdown against South Africa on Saturday while Fiji survived an Irish scare to set up a last-four match-up against Australia in the Olympic rugby sevens tournament. AFP Sport looks at five takeaways from Thursday’s high-octane quarter-finals going into the semis, with no play on Friday because of the […]
Hashimoto’s Japan face Chinese threat at Paris Olympics By: AFP on July 27, 2024Daiki Hashimoto believes Japan’s “explosive” men’s gymnastics team have the edge on a veteran Chinese side for Olympic gold but warned other countries could surprise. Hashimoto, 22, opens his all-around title defence starting with men’s qualifying on Saturday, with the team final on Monday. The individual all-around final takes place on Wednesday. Reigning champions Russia […]
Smooth apparatus: Guide to gymnastics at Paris Olympics By: AFP on July 27, 2024Don’t know your pommel horse from your uneven bars? AFP Sport takes a look at the ins and outs of the artistic gymnastics competition which springs into life at the Paris Olympics on Saturday. The men compete on six apparatus: floor, pommel horse, rings, vault, parallel bars and horizontal/high bar. It’s four for women: vault, […]