ISLAMABAD: The deadline for exchanging outdated design banknotes of Rs10, 50, 100, and 1000 denominations has been extended by a year by the government. Citizens can exchange outdated currency notes through the State Bank of Pakistan’s Banking Services Corporation (BSC) outlets till December 31, according to a statement released by the central bank. “Deadline for […]
Finance
In 2020-21, FBR collected Rs4,745b tax: finance ministry
ISLAMABAD: The finance ministry informed the Senate on Friday that the Federal Board of Revenue (FBR) collected Rs4,745 billion in tax for the fiscal year 2020-21. The finance ministry stated in a written report to the Senate that tax collection increased in 2020-21 compared to the first two years of the incumbent government. The report […]
Use an app to change the color of your car
At the Consumer Electronics Show (CES) in Las Vegas, BMW debuted the world’s first “colour-changing” vehicle. The BMW iX Flow concept car uses electronic ink technology similar to that used in e-readers to morph the car’s exterior into a range of grey and white designs. “This is really energy-efficient colour change using the technology E […]
Inflows of Roshan Digital Account exceed $3b
KARACHI: The State Bank of Pakistan (SBP) announced on Friday that inflows into the Roshan Digital Account (RDA) have surpassed $3 billion. “Roshan Digital Account now has three achievements under its belt. “In just 16 months, over 300,000 accounts have been established, deposits have surpassed $3 billion, and investments in Naya Pakistan Certificates have surpassed […]
Record growth of housing and finance construction in 2021
KARACHI: Housing and construction finance recorded “exceptional” growth of 85 percent in 2021, according to the State Bank of Pakistan (SBP). The central bank said that bank financing for dwellings and construction climbed by Rs163 billion to Rs355 billion from Rs192 billion, and that loan disbursement under the Government Markup Subsidy plan, popularly known as […]
In Saudi Arabia, PIA hires 11 companies for quarantine services
KARACHI: Pakistan International Airlines (PIA) has planned to contract 11 businesses for quarantine facilities in order to provide better services to passengers going to Saudi Arabia. According to insiders familiar with the situation, the decision was made to provide greater amenities to visitors upon their arrival in Saudi Arabia. In this regard, the PIA has […]
Urea sale increases 11% in 2021: CEO Engro Fertilizer
A pro-farmer initiative by the PTI government to ensure a smooth supply of Urea fertilizer across the country has resulted in an increase of the urea fertilizer sale by 11 percent in 2021 as compared to the last year, said Chief Executive Officer (CEO), Engro Fertilizer, Nadir Salar Qureshi. According to the official sources, during […]
As part of ‘Sony Mobility’ project, Sony will show off SUV and explore building electric cars
The Sony Group aims to establish a firm this spring to investigate entering the electric vehicle market, leveraging its strengths in entertainment and sensors to play a larger role in next-generation mobility. Sony chairman and president Kenichiro Yoshida said at a press conference ahead of the CES technology trade show in Las Vegas that the […]
IMF holds off on releasing new forecast to the factor in Covid-19 impact
A representative for the International Monetary Fund said on Tuesday that the World Economic Outlook will be released on Jan. 25, a week later than anticipated, to take into account the latest COVID-19 developments, amid concerns that another downgrade is on the way. “On January 25, the World Economic Outlook update will be released to […]
In the name of Ehsaas program, FIA busts gang for defrauding people
KARACHI: In the Sindh province’s Naushahro Feroze district, the Federal Investigation Agency (FIA) caught a gang allegedly involved in scamming individuals under the Ehsaas programme. After a recipient of the Ehsaas scheme pointed out the scam, the FIA said that it had detained three people for their roles in it. Fake SIMs, fingerprints, and mobile […]