ISLAMABAD: The government has fixed new customs values for the import of used and refurbished iPhones, Beyond the Time News reported. The Directorate General of Customs Valuation has established these new values to align import duties with current international market trends. This move also aims to bring approximately 100 million non-PTA compliant phones into the…
Amazon is planning a second round of job cuts next week as part of its broader goal of trimming some 30,000 corporate workers, according to two people familiar with the matter. The company in October cut some 14,000 white-collar jobs, about half of the 30,000 target first reported by Reuters. The total this time is…
RIYADH: Saudi Arabia has begun accepting applications for real estate ownership by non-Saudis following the implementation of the Regulation, the Saudi Press Agency reported on Friday. The Saudi Real Estate General Authority announced the move, confirming that the regulation has officially entered into force within the Kingdom’s legislative framework. Applications will be accepted exclusively through…
KARACHI: Gold prices in Pakistan surged to record levels on Friday, January 23, following a sharp rally in the international bullion market, according to the All Pakistan Sarafa, Gems and Jewellers Association (APSGJA). The price of gold per tola jumped by Rs9,100 to Rs514,662, while the price of 10 grams of 24-karat gold rose by…
KARACHI: Sindh Chief Minister on Friday approved Rs21.53 billion for the improving of city’s infrastructure including roads, Beyond the Time News reported. A meeting on the rehabilitation of Karachi’s roads was held under the chairmanship of Sindh Chief Minister Murad Ali Shah here in Karachi. Addressing the meeting, the chief minister said that restoring Karachi’s…
Govt set to replace net metering system with net billing policy Solar electricity exported to grid to be credited at lower rate. Previously units imported and exported were balanced one-for-one. Got, Discos term it necessary to cover grid infrastructure costs. LAHORE: Marking a major policy shift with wide-ranging implications, the federal government has initiated the…
Dispute traces back to Oct 2016, when investors agreed to sell 66.4% of K-Electric to Shanghai Electric Power Company Saudi, Kuwaiti investors file $2bn arbitration against Pakistan. K-Electric investors launch $2bn case under UNCITRAL rules. Pakistan gets 60 days to appoint arbitrator in K-Electric dispute. In a shocking development, Saudi and Kuwaiti investors in K-Electric…
Foreign loans additional to IMF’s $1 billion lent to Pakistan under Extended Fund Facility $209.5m received under RSF as first IMF installment. Govt fails to launch any int’l bond during first half of FY 2025-26. Largest portion, $600m received from Saudi Arabia in as oil facility. ISLAMABAD: Pakistan obtained $4.5 billion in foreign loans from multilateral…
ISLAMABAD: Pakistan has signed three financing agreements worth about $603m with the Islamic Development Bank (IsDB) to finance the M-6 Sukkur-Hyderabad Motorway Project, poverty reduction and education projects. The agreements were formalised in Islamabad following high-level talks between Pakistan’s Minister for Economic Affairs, Ahad Khan Cheema, and an IsDB delegation, led by the Vice President…
KARACHI/RIYADH, January 20, 2026: The Saudi Riyal (SAR) softened further to Rs74.57 against the Pakistani Rupee (PKR) in today’s open market, a small decline from Rs74.65 yesterday and still comfortably below the mid-2025 high of Rs76.03 seen in July, currency dealers confirmed. The selling rate settled at Rs75.14. This quiet downward movement, shaped by ongoing…