Pakistan Media Network

Latest & Trendy News All Around Pakistan

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Car Industry Begs Govt to Change Used Car Policy to Improve Their Sales

The auto vendors have asked the government to revisit import of used cars policies during the upcoming budget as the import of used cars has caused over Rs. 50 billion in losses to the country’s economy during the first eight months of the current fi…

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PM Shehbaz Orders to Elevate Status of Gems, Precious Stones Industry

Prime Minister Shehbaz Sharif demanded to give regular industry status to Pakistan’s gems and precious stones sector and called for the immediate commencement of operations of the Pakistan Gems and Jewellery Development Company.

Chairing a meeting a…

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Gold Price in Pakistan Drops Slightly But Remains Near Rs. 250,000 Per Tola

The price of gold in Pakistan declined marginally on Wednesday to close at Rs. 248,200 per tola.

According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) dropped by Rs. 300 per tola to Rs. 248,200, while the price of…

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CCP Takes Notice of Dangerous Stunts in Adverts of Energy Drinks

The Competition Commission of Pakistan (CCP) has taken notice of extremely dangerous stunts performed in the TV Commercials (TVCs) of leading beverage manufacturers.

These stunts promote soft and energy drinks without advising viewers not to attempt…

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Pakistani Can Maker to Incur Heavy Export Losses Due to Disruptions At Pak-Afghan Border

Pakistan Aluminium Beverage Cans Limited (PSX: PABC) expects to incur an impact on its revenue from exports to Afghanistan due to logistical disruptions at Chamman, the can maker informed the main bourse on Wednesday.

‘Due to ongoing security issues…

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Govt Plans Tax Exemptions for Startups Next Fiscal Year

The federal government is planning to give tax exemptions to local startups next fiscal year.

If approved, the exemptions would cover health technology, artificial intelligence, financial technology, and agriculture technology sectors, reported Dawn…

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Pak Rupee Plunges 3rd Day in a Row Against US Dollar on Budget News

The Pakistani rupee (PKR) fell third day in a row against the US Dollar today after opening trade at 278 in the interbank market.

It was bearish all day and closed in red against the greenback. However, it managed to recover against a few major curr…

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Poor Pakistan Only Seeks ‘Sanction Free’ Gas From Iran: Petroleum Minister

Petroleum Minister Musadik Malik said on Wednesday that Pakistan wants to procure Iranian gas but cannot afford international sanctions.

Addressing the Pakistan Energy Symposium in Islamabad, the petroleum minister said there was a need for a sancti…