Jan 2028 deadline set to end Riba, launch interest-free banking
A man counts Pakistani rupee notes at a currency exchange shop in Peshawar, Pakistan September 12, 2023. — Reuters The newly-passed 26th Constitutional Amendment Bill, 2024, has set a January 1, 2028, deadline to eliminate Riba (interest-based banking) in the country. The clause was added to the draft amendments at the suggestion of Jamiat […]
Free computer centre set up for Keamari women | The Express Tribune
KARACHI: Federal Minister for Maritime Affairs, Qaiser Ahmed Shaikh, has launched a free computer training centre for women in Keamari and surrounding areas, hosted at the Karachi Port Trust (KPT) Industrial Home. This initiative is part of a broader effort to empower women and provide them with vocational training, enabling them to thrive in today’s […]
Apple set to unveil iPhone 16 with AI-powered features
People look at the new iPhone 15 Pro at an Apple store in Shanghai, China, on September 22, 2023. —Reuters Apple is likely to release its new line of iPhones with generative AI feature on Monday as the company looks to boost sales of its iconic device. The tech giant founded by Steve Jobs has […]
Salt exports set to surge as Bangladesh seeks alternatives | The Express Tribune
KARACHI: Speculation among salt traders about a potential surge in salt exports to Bangladesh has intensified recently, driven by political developments in Bangladesh and environmental factors affecting salt production in India, the largest supplier to the Bangladeshi market. Industry insiders report a noticeable increase in quotation requests from Bangladeshi traders, largely due to Bangladesh’s recent […]
4 tech zones set up amid increased surveillance | The Express Tribune
KARACHI: The Special Technology Zones Authority (STZA) has announced the creation of four new special technology zones (STZs), with an investment of Rs30 billion in infrastructure. The initiative aims to generate 50,000 jobs and boost IT exports by $350 million annually over the next two to four years. In a statement issued on Thursday, the […]
MSCI set to add four Pakistani firms to FM index | The Express Tribune
KARACHI: Morgan Stanley Capital International (MSCI) is expected to include four additional Pakistani companies in its global Frontier Market (FM) index next month, driven by a rise in their share prices. This move is likely to attract international investors, who manage multibillion-dollar portfolios and track the index for global investment decisions. The global index and […]
Petrol prices set for major hike from tonight | The Express Tribune
ISLAMABAD: The government is poised to increase petroleum product prices from July 16, with petrol expected to go up by Rs7.67 per litre, high-speed diesel by Rs3.72 per litre, and kerosene by Rs2.73 per litre. According to Express News, a proposal to raise the levy on petroleum products has been prepared and is awaiting final […]
New tax on over 200 medical instruments set to drive up healthcare costs | The Express Tribune
KARACHI: Federal government has imposed a sales tax on over 200 medical devices, including angiography and angioplasty equipment, as well as diagnostic kits for various diseases. The move, part of the 2024-25 fiscal budget, is expected to significantly impact the affordability of healthcare for poor patients. Experts warn that the first ever sales tax on […]
Islamabad, Beijing set focus on ‘upgraded version’ of CPEC
Chinese Foreign Ministry spokesperson Lin Jian addresses the briefing on June 11, 2024, in Beijing. — Screengrab/Chinese Foreign Ministry The Chinese Ministry of Foreign Affairs said Tuesday that an “upgraded version” of the multi-billion project — China-Pakistan Economic Corridor (CPEC) — was the “centre” of bilateral talks with Islamabad during the recent visit of Prime […]
Solar power tariff: Minister says IMF didn’t set condition for gross metering
A man wipes the dust off solar panels he recently installed on the roof of his home in Larkana, in Pakistan’s Sindh province, June 28, 2017. — Reuters Amid panic in solar panels market, Federal Minister Awais Khan Leghari Tuesday demystified the controversy around net metering for consumers using solar power. “Unfortunately, an unwarranted panic […]