KPRA exceeds target, collects Rs 7.1bn in 2 months By: APP on September 2, 2024Adviser to Chief Minister Khyber Pakhtunkhwa on Finance Muzamil Aslam on Sunday congratulated the KP Revenue Authority (KPRA) for surpassing its first two-month target and said the total collection had increased by 44 percent to Rs 7.1 billion (4.92 billion) last year. In a statement issued here, Muzamil termed this achievement a milestone. The chief […]
Pakistan-Vietnam trade sees 28% surge By: inp on September 2, 2024The Trade volume between Pakistan and Vietnam has witnessed an increase of twenty-eight percent during first sixth month of the current year as compared to the same period last year. Addressing a function in connection with the celebration of the 79th anniversary of Vietnam National Day in Islamabad, Ambassador of Vietnam to Pakistan Pham Anh […]
FBR faces Rs 113 billion shortfall in August tax collection By: inp on September 1, 2024The Federal Board of Revenue (FBR) is grappling with a significant shortfall in tax collection for the month of August, falling Rs113 billion short of its monthly target. According to sources within the FBR, the tax authority managed to collect Rs785 billion in the 30 days of August, against a set target of Rs898 billion. […]
Gold rates up by Rs.1,000 per tola to Rs.262,500 By: APP on September 1, 2024The per tola price of 24 karat gold increased by Rs.1,000 and was sold at Rs.262,500 on Friday compared to its sale at Rs.261,500 on last trading day. The price of 10 grams of 24 karat gold also increased by Rs.857 to Rs. 225,051 from Rs. 226,080 whereas the price of 10 gram 22 karat […]
Pakistan’s e-commerce market ascends to global prominence, ranked 46th worldwide By: APP on September 1, 2024Pakistan’s e-commerce sector is rapidly making its mark on the global stage, now ranked as the 46th largest market in the world, according to the International Trade Administration. This growth trajectory is underpinned by a burgeoning middle class, widespread smartphone and internet usage, improved e-commerce infrastructure, and robust government support. Recent projections by Statista, a […]
Conference adopts resolution to establish IT Park in south Punjab By: agenices on September 1, 2024A roundtable conference titled “Making South Punjab the Next IT Hub of Pakistan”, organised by the Multan Chamber of Commerce and Industry (MCCI), unanimously approved a resolution on Saturday to establish an IT Park in South Punjab. The conference was attended by representatives from the IT companies, industrialists, academics, and other stakeholders from across the […]
Pakistan-Vietnam Friendship: Ambassador calls for continued cooperation By: APP on September 1, 2024The Ambassador of Vietnam to Pakistan, Pham Anh Tuan, during the celebration of the 79th anniversary of Viet Nam National Day, wished for the friendship and cooperation between Viet Nam and Pakistan with a continuation to flourish it in the future. On September 2nd, 1945, President Ho Chi Minh, the great leader of Viet Nam, […]
Experts for exploiting solar potential for cheaper energy By: APP on September 1, 2024The concerned energy sector representatives have emphasised greater exploitation of Pakistan’s solar power potential to swiftly transition away from fossil fuel-based electricity production and end acute economic sufferings of masses due to heightened power tariff. They were speaking at a panel discussion held as part of Solar Power Conclave & Technology Excellence Awards-2024. The Energy […]
Govt’s capacity payment bill to IPPs hits nearly Rs 1trn By: inp on September 1, 2024The government has reportedly paid nearly one trillion rupees in capacity payments to 26 gas, RLNG, and RFO-based Independent Power Producers (IPPs) over the past decade, starting from 2015. According to documents cited by Business Recorder, these IPPs were established under power generation policies from 1994 and earlier, as well as from 1994 and 2002. […]
KP Finance advisor congrats KPRA for surpassing two months target By: APP on September 1, 2024Advisor to Khyber Pakhtunkhwa Chief Minister on Finance Muzzammil Aslam has congratulated KP Revenue Authority (KPRA) for surpassing its first two months target and said that overall collection is increased by 44 percent to 7.1 billion rupees as compared to 4.92 billion rupees last year. He said this while receiving the performance report of first […]