Govt. Massively Increases Regulatory Duties on Imported Cars
Completely built-up (CBU) cars are now subject to a higher regulatory duty (RD) and other taxes imposed by the Federal ...
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LHC orders consumers to pay electricity bills without fuel adjustment charges
On Wednesday, the Lahore High Court (LHC) ordered that fuel adjustment fees should not be added to electricity bills. Details ...
Qatar Investment Authority May Invest up to $3 Billion in Pakistan
According to Bloomberg, the Qatar Investment Authority (QIA) is considering investing up to $3 billion in significant areas of the ...
Meta Acquires NUST Graduate’s AI Company Presize.ai
Presize.ai is an AI-based startup that was launched in 2019 by a NUST graduate, Awais Shafique. In a recent breakthrough, ...
Current account deficit drops by massive 45%
Pakistan's current account deficit - the difference between the country's foreign expenditure and income - narrowed down by a staggering ...
Advance purchases, petroleum levy blamed for higher fuel prices
The Senate Standing Committee on Petroleum was informed on Tuesday that advance purchases and imposition of the petroleum development levy ...
Startup raises $2.1m investment
A financial startup has launched Pakistan’s first digital wealth management company, as it won the mandatory regulatory approvals and raised ...
Fertilizer industry strongly opposes DAP import through TCP
Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC), a body of fertilizer manufacturers, has opposed the import of di-ammonium phosphate (DAP) ...
Oil firms ask SBP to review merchant rate
The oil industry has asked the State Bank of Pakistan (SBP) to review the merchant discount rate on fuel purchases ...
DigitalOcean to Buy Web-Hosting Firm Cloudways for $350 Million
Cloud giant DigitalOcean has entered into an agreement to acquire Pakistan’s Cloudways, a leading managed cloud hosting and software as ...