Islamabad, Sep 22: Although air pollution is often associated with urban areas, it significantly affects rural regions in Pakistan, eroding traditional ways of life. Pollution from agriculture, waste burning, and traditional cooking methods is becoming increasingly detrimental to human health and the environment. Dr. Naseer Memon, a climate expert, highlighted the consequences, including respiratory diseases, economic challenges, and threats to agriculture, which makes up nearly 40% of Pakistan’s GDP. In rural areas, pollution comes from biomass fuels like wood and crop residue used in traditional cookstoves. These fuels release fine particulate matter and toxic gases, which pose serious health risks.…
Author: Mawadat Fatima
Islamabad, Sep 22: New enforcement procedures that will prevent compliant taxpayers from taking more than Rs. 30 million in cash yearly are being planned by the Federal Board of Revenue (FBR). Filers who make more than Rs. 10 million a year would only be able to buy automobiles, and before they can purchase real estate, they must provide documentation of their income source. Before purchasing a car, a parcel of land, or making investments in mutual funds and equities, anybody generating less than Rs. 10 million will have to provide documentation of their income. The unattainable tax target of Rs.…
Islamabad, Sep 22: In the first two months of the current fiscal year 2024–25, Pakistan imported mobile phones worth $143.889 million, representing a 19.82 percent decline from $179.453 million during the same period of the previous fiscal year 2023–24. Pakistan also imported mobile phones worth $1.898 billion during the fiscal year 2023–24, down from $570.071 million during the fiscal year 2022–23. In terms of rupees, the country imported mobile handsets worth Rs40.069 billion during the first two months of the current fiscal year and recorded a 22.73 percent decline from Rs51.853 billion during the same period of the previous fiscal…
Islamabad, Sep 22: The Pakistan Stock Exchange (PSX) has emerged as the world’s top-performing stock market in 2024, according to Bloomberg, driven by improved macroeconomic conditions and a surge in foreign investment. The PSX’s KSE-100 Index reached an all-time high, closing at 81,459 points, with intraday trading touching 81,865 points. This marks a 30% growth for the year, positioning PSX as the global leader in stock market performance. Foreign investors have played a key role in this achievement, purchasing $87 million worth of Pakistani shares, the highest since 2014. Enhanced economic fundamentals, including improvements in the current account balance and…
Islamabad, Sep 22: Small businesses are essential to Pakistan’s economy, contributing to job creation and innovation. However, they face challenges like inflation, supply chain disruptions, and limited access to financing. To overcome these obstacles and achieve long-term success, entrepreneurs must implement strategic approaches. Digital Transformation: Embracing e-commerce platforms and leveraging social media marketing allows businesses to reach a wider audience. In a digital age, establishing an online presence can significantly enhance visibility and sales. Optimizing Operations: Cost-effective solutions such as adopting lean manufacturing techniques and outsourcing non-core activities help streamline operations and reduce expenses. This efficiency can provide a competitive…
Investing in the stock market is one of the most effective ways to build wealth over time. However, for beginners, especially in Pakistan, it can seem daunting. With the right approach and knowledge, anyone can begin to navigate this financial landscape with confidence. Understanding the Stock Market The stock market is a platform where shares of publicly traded companies are bought and sold. In Pakistan, the Pakistan Stock Exchange (PSX) serves as the primary marketplace for these transactions. Companies issue shares to raise capital, and investors buy these shares hoping they will increase in value. Investors typically fall into two…
Islamabad, Sep 22: The real estate sector in Pakistan is undergoing notable shifts, presenting both opportunities and challenges for investors and homeowners. Property prices in major urban centers like Karachi, Lahore, and Islamabad continue to rise due to increased demand for residential and commercial spaces. This growth is driven by factors such as urbanization, government policies, and rising remittances from overseas Pakistanis. However, economic fluctuations and inflation are potential hurdles to sustained growth in the sector. Key Trends Shift Towards Affordable Housing: As property prices escalate, developers are focusing on affordable housing projects to meet the needs of Pakistan’s growing…
Islamabad, Sep 22: E-commerce in Pakistan has witnessed a remarkable transformation in recent years, driven by the rapid adoption of digital shopping habits and an expanding online business ecosystem. This surge in activity has been catalyzed by several factors, including improved internet access, increased smartphone usage, and evolving consumer preferences. Understanding the trends shaping Pakistan’s e-commerce landscape is essential to navigating its future potential. Growth of E-Commerce in Pakistan E-commerce in Pakistan began gaining momentum around a decade ago but saw significant acceleration in recent years. The expansion of internet access, particularly in urban areas, has been a critical factor.…
Islamabad, Sep 22: The conflict between Israel and Gaza has significantly escalated over the past week, with intensified airstrikes leading to widespread destruction and numerous civilian casualties. Both sides have reported losses and calls for a ceasefire from the international community are increasing. Currently, diplomatic efforts are being made to broker a truce, with the United Nations urging immediate action to safeguard civilians. Humanitarian organizations are facing challenges in delivering aid amid the ongoing chaos. The situation remains volatile, and the international community is closely watching developments, hoping for a resolution to this devastating conflict.
Islamabad, Sep 22: The Pakistan Meteorological Department (PMD) announced on Friday that a new system of rains is expected to affect Peshawar and other regions of Khyber Pakhtunkhwa (KP) starting September 26. Until then, the weather is anticipated to remain hot and dry, with Peshawar’s temperatures reaching a maximum of 38°C and humidity recorded at 76%. In Karachi, hot and humid conditions are forecasted for the next 24 hours, with temperatures expected to range between 33-35°C, following a minimum of 27°C. Winds from the west are blowing at 14 kilometers per hour, with humidity at 81%. Overall, the PMD indicated…
