By Staff Reporter
ISLAMABAD: Pakistan will block mobile phone connections of over 500,000 individuals who failed to file their income tax returns for Tax Year 2023, the country’s tax authority said on Tuesday.
Technology
Internet curbs persist as X users blocked for fifth day
By Staff Reporter
ISLAMABAD: Millions of Pakistanis were still unable to access the popular social media platform X on Wednesday, as the government maintained its internet restrictions amid a political standoff over the disputed general elections.
Election watchdog blocks PIA privatization ahead of polls
By Staff Reporter
ISLAMABAD: The election watchdog has halted the sale of the loss-making national carrier Pakistan International Airlines (PIA), saying the legally restricted caretaker government cannot take such a major policy decision ahead of a general election next week.
Pakistan’s Rs2bn fund to rescue startups in crisis
By Staff Reporter
ISLAMABAD: The interim government launched a Rs2 billion fund on Tuesday to support startups in the country, which saw a sharp drop in investment last year due to high interest rates.
Norway’s Telenor exits Pakistan in $500 million deal with PTCL
By Staff Reporter
KARACHI: Norway’s Telenor Group said on Thursday it had agreed to sell its Pakistan telecoms business to Pakistan Telecommunications Company Ltd (PTCL) for 5.3 billion Norwegian crowns ($500 million) as part of its strategy to focus on core Asian markets.
SBP eases forex rules for IT sector, freelancers
By Staff Reporter
KARACHI: The central bank on Monday raised the limit of foreign currency that information technology (IT) exporters can retain in their accounts to 50 percent from 35 percent, aiming to boost the country’s IT and IT-enabled services exports.
Pakistan’s economy shows early signs of recovery after IMF bailout, SBP says
By Staff Reporter
KARACHI: Pakistan’s economy, which contracted last year amid a balance of payment crisis, has started to show early signs of improvement as an International Monetary Fund (IMF) loan program offered some relief, the central bank said on Monday.
Pakistan’s economy to grow faster than expected, IMF says
By Staff Reporter
ISLAMABAD Pakistan’s economy is on track to grow faster than previously forecasted by the International Monetary Fund, despite facing macroeconomic and security challenges.
Tax wealth from land and property, World Bank tells Pakistan
By Staff Reporter
ISLAMABAD: Pakistan should increase taxation of high-income earners, especially those who derive income from agriculture and property, and withdraw regressive tax exemptions, the World Bank said.
Pakistan welcomes Chinese vice premier for CPEC anniversary
By Staff Reporter
ISLAMABAD: China’s vice premier, He Lifeng, will arrive in Pakistan on Sunday for a three-day visit to mark the 10th anniversary of a major economic and strategic partnership between the two countries, the Pakistani foreign office said on Saturday.