News

Trump\'s crypto token tops $10b market cap

Donald Trump's newly created cryptocurrency soared on Monday to more than $10 billion in market value, drawing in billions in trading volume, while bitcoin's price hit a record-high hours ahead of the US president-elect's return to the White House. Launched on Friday, Trump's "meme coin", also known as $TRUMP, soared from less than $10 on Saturday morning to as high as $74.59 before giving up s

Gold rebounds, rupee appreciates

After a decline in the previous trading session, gold prices rebounded on Monday, aligning with an uptick in international gold rates. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs500, reaching Rs282,900. Similarly, the price for 10-gram gold rose by Rs429 to Rs242,541. This follows a Rs200 decrease per tola recorded on Sat

Integrate Uraan into CPEC phase 2

To promote prosperity and eliminate abject poverty, economic nationalists urged the government to form think tank corridors and incorporate all 5Es of Uraan Pakistan in the second phase of China-Pakistan Economic Corridor (CPEC). The five-year national economic transformation plan titled Uraan Pakistan, was recently launched by Prime Minister Shehbaz Sharif. It focuses on the 5Es; Exports, E-Pa

Govt to merge, wind up several science and tech entities

The government has decided to wind up and merge several entities that come under the umbrella of the Ministry of Science and Technology in a bid to reduce workload and improve overall performance. In a recent meeting, the federal cabinet approved a series of proposals targeted at enhancing efficiency and ensuring the optimal functioning of various government entities under the Ministry of S&T.

Offshore digital services may be taxed 20%

The government may impose a 20% income tax on offshore digital services, introducing a 10-year prison sentence for sales tax fraud, and empowering junior Federal Board of Revenue (FBR) officers to arrest suspects without prior approval from higher authorities. The government is also considering empowering FBR officers with the power to request placing individuals involved in tax fraud on the Ex