The international body representing telecom operators has expressed concerns over the Federal Board of Revenue’s (FBR) decision to block mobile SIMs of individuals not appearing on the active taxpayers’ list for 2023. GSMA Asia Pacific Head Julian Gorman has written a letter to Minister of State for IT and Telecommunication Shaza Fatima Khawaja expressing concerns over the Income Tax General Or
While hearing K-Electric’s request for up to Rs18.6 per unit additional fuel cost recovery from its consumers for the past nine months, the National Electric Power Regulatory Authority (Nepra) on Thursday directed the Karachi-based power utility to ensure that the Matric and intermediate students do not suffer because of power outages. During a public hearing presided over by Nepra’s Sindh memb
Prime Minister Shehbaz Sharif on Thursday received a message from his Qatari counterpart underscoring potential avenues for reinforcing bilateral ties. “Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani has sent a written message to Prime Minister of Pakistan Shehbaz Sharif, pertaining to bilateral relations and way to support and develop them,”
The State Bank of Pakistan’s (SBP) foreign exchange reserves reached a two-year high, crossing the $9 billion mark after inflows from the International Monetary Fund (IMF). The central bank released the latest data about the foreign exchange reserves on Thursday, showing that the reserves went up to $9.120bn at the end of the week on May 3. “During the week, the SBP reserves increased by $1.
Pakistan Stock Exchange (PSX) on Wednesday continued its bearish momentum owing to across-the-board pre-budget uncertainty and profit-booking at high valuations. In the morning, the market opened with a spike, touching its intra-day high of 73,079.18 points, but the positive sentiment started weakening soon as market participants were concerned ahead of the budget announcement. An unstable p