KARACHI: The Federal Board of Revenue (FBR) has reduced the sales tax on petrol to a nominal 1.43 per cent effective from November 11, 2021. The sales tax rate has been reduced from 6.84 per cent to provide relief to the masses against a sharp rise in the prices of petroleum products in the international … Read more
No other diplomatic relations are more consequential than the one between the United States and China, which are not only affecting the two countries but also leaving an impact on the entire world, especially Pakistan. Though Sino-US relations have hardly been cordial during the last several decades, the bitterness between the two is increasing with … Read more
KARACHI: The All Pakistan CNG Association (APCNGA) on Thursday said the imposition of new and additional taxes on the liquefied natural gas (LNG) would increase the price of compressed natural gas (CNG) in the range of Rs6 to Rs9/litre. “The move will result in the closure of hundreds of CNG stations, leaving hundreds of thousands … Read more
KARACHI: An online grocery delivery platform, GrocerApp, has raised $5.2 million in a Series-A round from leading institutional and angel investors, a statement said on Monday. The round was led by Hayaat Global, with the participation from Millville Opportunities Fund New York, MENA-based Wamda Capital, Jabbar Internet Group; Nama Ventures, China-based Haitou Global, and Pakistan-based … Read more
KARACHI: Image Pakistan Limited, formerly Tri-Star Polyester Limited, plans to create a wholly-owned subsidiary, “Image Tech Limited, to avail of the recently announced incentives by the government for technology companies, including digital electronics and Internet-related services such as e-commerce services, a bourse filing said. Such companies have been allowed a 100 percent tax credit against … Read more
KARACHI: Ignite, a Ministry of IT and Telecom project that funds startups and innovative projects, plans an in-depth assessment of Pakistan’s startups and freelancing ecosystems, an official document showed on Wednesday. In its assessment, the company would compare Pakistan’s startups and freelancing ecosystems with the global startups and incubation/acceleration ecosystems in Silicon Valley, Singapore, Bangalore, … Read more
