Non-filers can ‘buy’ properties worth Rs10 million as the task force on the revival of the real estate and construction sector has finalized its recommendations. The Ministry of Housing has submitted its proposals to the Federal Board of Revenue (FBR) as the Prime Minister aims to boost employment opportunities through the sector’s recovery. According to […]
Business
SMEDA pledges support to modernize gems, jewellery sector
The Small and Medium Enterprises Development Authority (SMEDA) Chief Executive Officer (CEO) Socrat Aman Rana has assured the representatives of Gems and Jewelery sector to utilize all available resources to modernize the country’s gems and jewelery sector according to the global standards. He added that SMEDA will also collaborate with the association to develop programmes […]
KE’s 220MW hybrid project — a milestone in renewable energy transition
KE continues to make strides in its renewable energy transition, with the 220 MW Site-Neutral Hybrid Project in Dhabeji, progressing through key regulatory stages. The National Electric Power Regulatory Authority (NEPRA) held a hearing today on KE’s Bid Evaluation Report (BER) for the project, marking a significant step towards transforming the country’s energy landscape. The […]
Gold prices up by Rs5,300 per tola to Rs.299,600
The price of 24 karat per tola gold increased by Rs.5,300 and was sold at Rs 299,600 on Wednesday against its sale at Rs 294,300 on previous trading day, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also increased by Rs.4,158 to Rs.256,859 from Rs. 252,314 whereas that […]
PRGMEA picks holes in newly launched carbon market policy
The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) on Wednesday said the Pakistan’s first-ever National Carbon Market Policy, launched in November last year, demonstrates country’s commitment to emissions reduction, however, it lags behind regional counterparts in ambition, sectoral coverage, and global integration, potentially limiting its effectiveness in attracting climate finance and investment. PRGMEA regional […]
Pakistani envoy to KSA boosts trade ties, facilitates business meetings
Convener Federation of Pakistan Chamber of Commerce and Industry (FPCCI) regional committee on food Shahid Imran Wednesday said Saudi Arabia has emerged as one of the biggest import markets in the middle East and Pakistan must fully exploit potential to maximum extent by boosting international standards exports. Talking to a delegation of food exporters led […]
Google shares slide on spending plans despite sales jump
Google’s parent company Alphabet on Tuesday reported revenue jumped in the recently-ended quarter, but shares sank on concerns it may be pouring too much money into artificial intelligence. Google and rivals are spending billions of dollars on data centers and more for AI, while meaningful returns on investments remain elusive and the rise of lower-cost […]
Toyota announces Lexus EV plant in Shanghai
Japan’s Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its annual net profit forecast to almost $30 billion. China overtook Japan as the biggest vehicle exporter last year, helped by its dominance in EVs. Many foreign car firms are struggling in China, but […]
Stocks, dollar drop as tariff tensions intensify
Stock markets mostly fell, the dollar slid and and gold hit a record high Wednesday over fears about a trade war between superpowers China and the United States. Chinese e-commerce firms took a hit from news that the US Postal Service was suspending inbound parcels from China and Hong Kong, a move that followed tit-for-tat […]
Oil dips amid rising US crude inventories
Oil prices dipped on Wednesday as rising US stockpiles and concern about a new Sino-US trade war fuelled fears of weaker economic growth, offseting US President Trump’s renewed push to eliminate Iranian crude exports. Brent crude futures were down 66 cents, or 0.87%, at $75.54 a barrel by 1007 GMT. US West Texas Intermediate crude […]