LONDON (Reuters) — Tesla shares sank more than 3% on Monday, weighed down by investor fears over CEO Elon Musk’s concentration after he revealed plans to join a new US political party, escalating his spat with President Donald Trump. Tesla shares plunged more than 3% in Frankfurt, hinting to moreRead More →
ISLAMABAD: On Thursday, the Federal Board of Revenue (FBR) approved the entrance of Azerbaijani registered cars conveying transit and bilateral commerce cargo into Pakistan. The FBR issued SRO.25(I)/2025 on Thursday to notify the Azerbaijan-Pakistan Transit Trade Rules 2024 under the Azerbaijan-Pakistan Transit Trade Agreement, 2024, for the processing of transitRead More →
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) and the Ministry of Commerce (MoC) inked a historic Memorandum of Understanding (MoU) at PTA Headquarters to promote partnership in promoting Pakistan’s digital ecosystem and facilitating commerce via technical innovation. The MoU defines major areas of collaboration, such as e-commerce, cybersecurity, and cloud computing,Read More →
JAKARTA (Reuters) – The deputy trade minister was quoted by official news agency Antara in their piece about the short video app TikTok, which stated that it was applying for an e-commerce permit from the Indonesian government. A significant setback for TikTok, which had promised to invest billions of dollarsRead More →
BERLIN (Reuters)- Volkswagen (VOWG_p.DE) announced on Wednesday that it is collaborating with Chinese EV startup Xpeng and joint venture partner SAIC to develop new vehicles and perhaps co-create platforms in order to defend market share. The Volkswagen brand will collaborate with Xpeng Inc (9868.HK) to build two cars aimed atRead More →
Finance Minister Ishaq Dar has said that the government is considering eliminating a 2% final tax on the acquisition of real estate for Pakistanis living abroad in an effort to promote remittances via official channels. In his budget address to the National Assembly on Friday, the financial czar said thatRead More →
ISLAMABAD (APP) – Approximately 12 multinational businesses have shown a strong interest to the parliament in the outsourcing-bidding process for airport facilities, which is anticipated to begin in July, according to Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Saturday. Speaking at the post-budget news conference, he saidRead More →
KARACHI : (APP) – As of May 26, Pakistan’s total liquid foreign reserves was at $9,513 million, with the central bank holding $4,090.7 million. The State Bank of Pakistan said in a statement that the central bank’s foreign reserves fell by $102 million to $4,090.7 million owing to external debtRead More →
Escorts Investment Bank has cancelled another sale-purchase deal with three prospective investors on behalf of its primary sponsor, Bahria Town (Private) Limited.According to the PSX notification, Escorts Investment Bank Limited has received a notice from Bahria Town (Private) Limited for the termination of the share sale and purchase agreement datedRead More →
Salman Iqbal, the owner of the ARY Group, has emerged as an aspirational investor in the loss-making Summit Bank.After rescinding his proposal to invest in the telecom industry, which eventually ended after lengthy discussions between ARY and WorldCall, the broadcaster has chosen to try his luck in the banking sector.Read More →