Karachi, July 11, 2024: The Atta Chakki Association has announced its support for a strike called by flour mill owners, leading to a shortage of flour supply in Karachi and Hyderabad. Following the strike call, the Atta Chakki Association ceased wheat grinding, resulting in the closure of ‘chakkis’ in Karachi and Hyderabad. As a consequence…
Oil prices climbed on Thursday as crude inventories decreased following increased processing by US refineries and a reduction in gasoline inventories, indicating heightened demand. Brent futures advanced by 35 cents, or 0.4%, to $85.43 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude rose by 36 cents, or 0.5%, reaching $82.47 per barrel. US crude…
On Wednesday, the price of 24 karat gold per tola increased by Rs600, reaching Rs245,600 compared to Rs245,000 on the previous trading day. Similarly, the price of 10 grams of 24 karat gold rose by Rs514 to Rs210,562 from Rs210,048. The price of 10 grams of 22 karat gold also increased to Rs193,016 from Rs192,544,…
Islamabad, July 11, 2024: During negotiations with the International Monetary Fund (IMF), Pakistan has agreed to impose a tax on agricultural income. Officials from the International Monetary Fund (IMF) held virtual negotiations with provincial officials of Pakistan regarding the new loan program. Sources indicated that the IMF urged provincial authorities to impose a tax on…
Karachi, July 06, 2024 : The Travel Agents Association of Pakistan (TAAP) has declared the recent tax increases on air tickets illegal, stating that the sharp rise has plunged the industry into a severe crisis. During a press conference at their office, former chairman and executive committee member Nadeem Sharif emphasized that these measures could…