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Pakistan’s total debt and liabilities have reached an alarming new peak, raising concerns about the country’s fiscal health. According to data released recently, the national debt has ballooned to nearly Rs.81 trillion (approximately $467 billion USD). This staggering figure represents three-fourths of Pakistan’s entire economy and surpasses the limit set by the Fiscal Responsibility and […]
In a significant development, India and Iran signed a 10-year agreement for the development and operation of Iran’s Chabahar port. This strategic move by the Indian government strengthens ties with the Middle Eastern nation. $370 million boost for strategic Chabahar port! Located on the Gulf of Oman in southeastern Iran, Chabahar port offers a vital […]
In response to the ongoing genocide in Gaza, Pakistani consumers have taken a stand by boycotting international brands perceived to be financially supporting the situation. This movement has led to a surge in support for local businesses, with several companies introducing innovative products to cater to the needs of boycotting consumers. Gaza crisis? Pakistani brands […]
Pakistan’s Federal Board of Revenue (FBR) has implemented a significant increase in withholding tax for individuals who haven’t filed their income taxes. In a move aimed at boosting tax revenue and expanding the tax net, the FBR has raised the withholding tax from 2.5% to a substantial 90% on mobile phone recharges for non-filers. No […]
A new cola brand, ‘Palestine Cola’, has seen sales skyrocket in just two months, reaching millions of cans sold. The company attributes this success to the growing boycott movement against Israeli-backed brands like Coca-Cola and PepsiCo. Coke & Pepsi? Try Palestine’s new cola! Founded by three Palestinian-Swedish brothers, Palestine Cola offers a drink alternative with […]
The recent trophy hunting season conducted by the Forest, Parks, Wildlife, and Environment Department of Gilgit-Baltistan has generated a revenue of Rs.300 million. The hunting season takes place annually from November to April and is regulated by the Gilgit Baltistan Wildlife Act of 1975. High bids for Astore Markhor permits! In October of 2023, the […]
In recent news, the Prime Minister of Pakistan, Shehbaz Sharif, has emphasized the need for enhancing revenue collection in the country. He believes that with collective efforts, Pakistan could surpass even larger economies like India. This call comes amidst concerns over the country’s significant tax evasion problem, estimated to be around Rs.5.8 trillion annually, accounting […]
Kababjees Bakers are facing a security nightmare after their Nipa Chowrangi branch was robbed at gunpoint for the fourth time this year, according to reports. The popular Karachi brand, known for its bakery items, Kababjees Express, and recently launched Kababjees Fried Chicken, has been expanding rapidly. They even introduced their own water bottle line in […]
Move over ripped jeans, there’s a new contender for the crown of most outrageous denim trend: pee stains. Yes, you read that right. London-based designers Jordan Bowen and Luca Marchetto, also known as Jordanluca, are making waves (or should I say puddles?) with their latest creation – the “Jordanluca” jeans. These designer duds come complete […]
KIA is shaking things up in the Pakistani car market with a whopping 25% price slash on their Stonic EX+ model. Lucky Motor Corporation made this announcement just weeks after the company lowered prices on their Sportage SUV. While KIA frames it as a “celebratory limited-time offer” marking five years of local operations, analysts suggest […]
