Business

This category covers all news related Business & Finance

Huawei Advocates ICT Innovations for Europe’s Digital and Green Transformation

Paris, At the HUAWEI CONNECT 2023 event in Paris, Huawei emphasized the role of its Information and Communication Technology (ICT) innovations in driving Europe's digital and green transformation. The company's cutting-edge technologies are envisioned ...

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President Alvi Invites Foreign Investors to Explore Opportunities in Pakistan

Islamabad, President Dr. Arif Alvi has called on foreign investors to explore the vast opportunities available in various sectors of Pakistan’s economy. This invitation was extended during a meeting with a delegation from Oxford Alumni, led by Haseeb A...

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Ghani Glass Limited Reports Strong Earnings, Faces Market Challenges

Karachi, Ghani Glass Limited (GHGL) recently conducted a corporate briefing to discuss its financial results for the fiscal year 2023 (FY23) and the first quarter of fiscal year 2024 (1QFY24). The company reported significant year-over-year (YoY) growt...

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Banks Face Additional Tax on Foreign Exchange Income Under Section 99D

Karachi, The banking sector in Pakistan is bracing for the impact of Section 99D of the Finance Act 2023, following the Federal Cabinet's approval of a 40% additional tax on income from foreign exchange (FX) for the calendar years 2021 and 2022. This d...

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PACRA Elevates Platinum Steel Mill’s Rating Amidst Expansion and Growth

Karachi, Platinum Steel Mill (Pvt.) Limited (PSMPL), a state-of-the-art steel manufacturing entity established in 2019 in Port Qasim's industrial sector, has received an upgraded entity rating from The Pakistan Credit Rating Agency Limited (PACRA). Thi...

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