The situation in Gaza and broader Middle East tensions are expected to get top billing at a Saudi-hosted special meeting of the World Economic Forum (WEF) that began here on Sunday. US Secretary of State Antony Blinken, Palestinian leaders and high-ranking officials from other countries striving for a ceasefire are on the guest list for the summit in the capital of the world’s biggest crude oil
Finance Minister Muhammad Aurangzeb has said that the undocumented economy has been the biggest challenge for the country and the government is considering transition towards the digital solutions for its documentation. Speaking during a session on Opening Doors with Fintech at a special World Economic Forum (WEF) meeting in Riyadh on Sunday, the finance minister said that approximately Rs10 tr
ISLAMABAD: Over a hectic working weekend, Prime Minister Shehbaz Sharif on Sunday secured assurances on investment from Saudi Arabia and won plaudits from his hosts, who dubbed him ‘a man of action’. The premier, who was in Riyadh to attend a special meeting of the World Economic Forum (WEF), also met Crown Prince Mohammed Bin Salman, Minister for Investment Khalid Al-Falih, Minister for Financ
After scaling a historic peak the previous day, the stock market on Thursday came under selling pressure as investors indulged in profit-taking, dragging the index below the 72,000 level. Ahsan Mehanti of Arif Habib Corporation said institutional profit-taking in selected overbought scrips and adjustments in the earning season stalled the overnight rally. He added that the weak rupee and str
The Federal Board of Revenue (FBR) has served an income tax audit notice to an information technology company on suspicion of evading taxes by claiming higher expenses and understating imports amid the government’s increased focus on plugging revenue leakages. The FBR has requested records and books of accounts from M/s Pronet Private Limited under Section 177 of the Income Tax Ordinance, suspe