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FBR spikes immovable property valuation rates

FBR spikes immovable property valuation rates

Pakistan – On Wednesday, the Federal Board of Revenue (FBR) Increased the valuation rates of immovable properties, including residential apartments, commercial properties, and other real estate domains of 40 major cities. Spike in valuation rates…

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Pakistan’s trade deficit hits all-time high

Pakistan’s trade deficit hits all-time high

Pakistan – In Pakistan November brought a rise of 162.4 per cent in the country’s trade deficit, primarily driven by a significant increase in the national import bill. The negative trend in the trade deficit…

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Samsung to produce mobile phones in Pakistan

Samsung to produce mobile phones in Pakistan

Pakistan – The Ambassador of South Korea To Pakistan has said that Samsung has set up a mobile phone manufacturing plant in Pakistan, which will lead to new job opportunities for local people. The Korean…

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FBR bars development authorities from business with unregistered agents

FBR bars development authorities from business with unregistered agents

Pakistan – On Monday, the Federal Board of Revenue (FBR) made it mandatory for all Real Estate (RE) agents to get registered with the FBR under the Anti-Money Laundering (AML) Act. The condition has been…

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Daraz aims to transform Pakistan’s e-commerce sector: CEO

Daraz aims to transform Pakistan’s e-commerce sector: CEO

Pakistan – Pakistan has a growing middle class With over 60% population of youth and broadband subscriptions of over 100 million, making it an ideal destination for e-commerce platforms. Its CEO said that Pakistan’s largest…

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Rice exports: Where’s Pakistan headed to?

Rice exports: Where’s Pakistan headed to?

Pakistan – Pakistan’s rice exports showed a comeback during Q1-FY22, rising against a low base from the corresponding period last year – owing to the Covid-19 pandemic. However, rice exports are still struggling to get…

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Stocks rally, rupee rebounds as Saudi Arabia announces support package

Stocks rally, rupee rebounds as Saudi Arabia announces support package

Saudi Arabia – The rupee bounced back to gain Rs2.5 against the US dollar, on Wednesday, in the interbank market – closing the trade at Rs172.78. According to experts, the Pakistani currency gained strength after…

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Gold prices witness record spike

Gold prices witness record spike

Pakistan – The price of one tola of gold saw a further increase in its price on Tuesday. With a spike of over Rs4,200, one tola of gold has now reached an all-time high of…

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Govt drops another petrol bomb on masses amid rising inflation

Govt drops another petrol bomb on masses amid rising inflation

Pakistan– The government has, on Saturday, announced a massive spike in the prices of all petroleum products for the next 15 days – with immediate effect. As per the notification that the Ministry of Finance…

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Petrol prices likely to be increased by Rs7

Petrol prices likely to be increased by Rs7

Pakistan– October 16 onwards, the prices of petrol and high-speed diesel (HSD) are likely to be spiked by Rs7 and Rs10 per litre, respectively. With what is apparent, another hefty blow to the masses is…

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