KARACHI: The central bank has revealed a significant upswing in digital banking transactions during the second quarter (October-December) of the ongoing fiscal year, with the number of mobile app-based transactions surging 29 per cent to 280 million and internet banking transactions rising 15pc to 57m compared to the previous quarter. The value of mobile banking transactions during the three mo
The cost of living has gone up significantly amid surging utility bills and transportation expenses as consumers witnessed a mixed trend in prices of food items over the last Ramazan. As per data from the Sensitive Price Index (SPI), the average national price of a 20kg flour bag currently stands at Rs2,500-2,960 as compared to Rs1,295-3,000 prevailing on 1st Ramazan in 2023. Wheat 10kg bag
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday stressed the urgent need for digitalisation of the Federal Board of Revenue (FBR) to enhance transparency and efficiency in tax collection. During an introductory meeting with tax officials at the FBR headquarters, the minister deliberated on a range of proposals, a key one being the inclusion of retailers’ and wholesalers’ incomes in
ISLAMABAD: Though the country has formulated 12 socio-economic development plans since 1955, still it faces socio-economic imbalances and structural bottlenecks as the centre has failed to take provinces on board in the plan execution process. The previous caretaker government, before its departure, approved the 13th socio-economic development plan with particular focus on 15 key areas of the e
SHANGHAI: Eighteen Pakistani textile companies made a strong impression at the Yarn Expo Spring 2024 and Intertextile Shanghai Apparel Fabrics-Spring Edition 2024, two of the world’s most influential textile and apparel exhibitions, held from March 6 to 8 March in Shanghai, China. The Pakistani contingent, representing a diverse range of textile manufacturers and suppliers, showcased their late