Business & Economy

LAHORE, Apr 06 (APP): The Lahore High Court (LHC) on Thursday struck down imposition of income tax on immovable property under Section 7(E) of Income Tax Ordinance 2001. The court held that it was beyond the competence of federal legislator to treat the market value […]

Moscow, April 6 (AFP/APP): The resilience of Russia’s economy has over the past year surprised many observers as Moscow adjusts to unprecedented Western sanctions over its assault on Ukraine. But in a rare public admission, President Vladimir Putin late last month warned of possible economic […]

ISLAMABAD, April 06 (Online): The electricity tariff has been increased more than 50 percent in 1 year. As per details the tariff was increased under Fuel Adjustment Surcharges (FAS) during 1 year. According to NEPRA documents, the electricity has been made expensive in respect of […]

ISLAMABAD, April 06 (Online): 4 candidates have been shortlisted for the post of Pakistan International Airlines (PIA) Chief following their interviews. According to sources, 4 candidates have been shortlisted for the post of CEO PIA after their interview. Acting CEO Air vice Martial Amir Hayat […]

SEOUL, April 5 (Xinhua/APP) –: South Korea’s ratio of sovereign debt to gross domestic product (GDP) rose last year due to an increased fiscal expenditure to counter the COVID-19 pandemic, government data showed Tuesday. The debt-to-GDP ratio gained 2.7 percentage points to 49.6 percent last […]

Islamabad (PNI) Unity Foods Limited, a leading food producer and supplier to the nation’s food security system, entered into a Communications and Strategic Engagements partnership with Nutshell Communications (Private) Limited. An agreement in this regard was signed by both parties recently, at Nutshell Group’s Head […]

TOKYO, Apr 5 (Xinhua/APP): Prices of gold in Japan leaped to a new high on Wednesday as investors have been switching out of riskier assets like stocks and into perceived safe havens like gold amid concerns over a U.S. economic slowdown. On the Osaka Exchange […]

Paris, April 4 (AFP/APP):A meme-inspired cryptocurrency’s price jumped on Tuesday after Elon Musk changed the bluebird logo of Twitter to a dog associated with the digital token, despite the mogul being sued over his previous promotion of the coin. Musk bought Twitter in October last […]

FAISALABAD, Apr 04 (APP): The food department will procure 532,810 metric tons of wheat in the division. As many as 40 procurement centers have been set up at various points to facilitate farmers and issuance of gunny bags (bardana). Deputy Director Umar Sarwar told APP […]

ISLAMABAD 02 April (Online): The Khunjerab Pass between Pakistan and China is likely to be re-opened for all kinds of traffic after almost three years on Monday. All arrangements in this regard have been completed and the local customs have worked round the clock to […]