Category: 3. Business

Your source for latest Pakistan, world news. Stay updated on politics, business, sports, lifestyle, CPEC, and breaking news. Accurate, timely, and comprehensive… Continue Reading News Source: pakobserver.net

The single stupidest decision any Pakistani can take right now is to trust the government. Especially this particular government.  And no, we are not raising a question on the competency of the incumbent cabinet and the bureaucratic leadership working underneath them. We are also not taking a moral or political stance in this assessment. What…

Over a year ago, HBL announced the launch of a new subsidiary by the name of HBL Zarai. This was a new, wholly owned company which would not be a financial institution. When the State Bank of Pakistan gave its approval at the beginning of 2024, it marked the first time the SBP was granting…

Bank Makramah’s logo is doing a lot of heavy lifting. The palm tree sprouting over a desert oasis is the kind of on-the-nose symbolism you would expect from a first year BBA student giving a presentation in Marketing 101 wearing a suit he last wore to his cousin’s baraat.  The initial impression is obvious enough.…

KARACHI: Pakistan International Airlines (PIA) has inducted 11th Airbus A320 aircraft in its operational fleet. The aircraft, equipped with new engines, has been successfully integrated into the airline’s operational fleet after undergoing comprehensive maintenance and upgrades, PIA spokesman said, adding that the newly inducted A320 has fresh paint scheme and refurbished cabin interior.… Continue Reading…

KARACHI — Gold rates in Pakistan on December 23, 2024 Monday stand at Rs273,400 per tola, while the price of 10 grams hovered at Rs234,396. 22 karat Gold is being sold at 258,583 per tola, 21 Karat 247,000 and 18 Karat at 212,550. These rates are from Sarafa Association and are subject to fluctuations. Gold Type New…

Your source for latest Pakistan, world news. Stay updated on politics, business, sports, lifestyle, CPEC, and breaking news. Accurate, timely, and comprehensive… Continue Reading News Source: pakobserver.net

Pakistani Rupee rate against US Dollar, Euro, Pound, Riyal, and Dirham remains stable on December 23, 2024 Monday in the open market. 1 USD is 277.85 Pakistani Rupees, 1 Euro is 287.25 PKR, 1 British Pound is 349.05 PKR, 1 Saudi Riyal is 73.75 PKR, and 1 UAE Dirham is 75.4 PKR. The following rates…

Banks are nearing the mandatory 50% advance-to-deposit ratio (ADR) target to escape the incremental tax imposed by the government. The State Bank of Pakistan (SBP) reported a record Rs1.35 trillion in private sector lending from July 1 to December 6, exceeding the average for the last three years. Banks also allocated Rs1.33 trillion to non-bank…

The Appellate Tribunal Inland Revenue (ATIR) has ruled that rental income and capital gains earned by resident Pakistanis from the United Arab Emirates (UAE) and the United Kingdom (UK) are not taxable in Pakistan under the tax treaties with these countries.  According to a news report, the tribunal upheld that taxing rights for such income…