Spotify Reports Q4 2024 Earnings
Spotify released its Q4 2024 earnings, closing Q4 stronger than ever by outperforming across key metrics and celebrating the first full year of profitability.
Mehfooz
Pakistan and Saudi Arabia Engage in Economic Talks at ‘Made in Pakistan’ Exhibition in Jeddah
Federal Minister for Commerce, Jam Kamal Khan, held exclusive meetings with key Saudi officials to discuss strengthening economic ties and expanding trade and investment opportunities between the two nations on the sidelines of the ‘Made in Pakistan’ Exhibition and Business Forum in Jeddah.
Editor
Meezan Bank and University of Karachi Sign MoU for Islamic Banking Faculty Development
The University of Karachi and Meezan Bank Limited signed a memorandum of understanding (MoU) to enhance faculty capacity in Islamic banking and finance.
Adil Aziz
Alsons Group Unveils Pakistan’s First Advanced Ventilator
Federal Minister for Industries and Production, Rana Tanveer Hussain, Graces the Inauguration Ceremony of Alsons Group’s Advanced ICU Ventilator, AlnnoVent AVB-100.
FPCCI Backs New Tax Incentives to Boost Real Estate Sector
Mr. Atif Ikram Sheikh, President FPCCI, has appreciated the proposed tax measures to facilitate investments into real estate and construction sectors by the general public as 4 percent tax rate on sale and purchase of property has been a major obstacle in the development and commercial activities.
Sindh Cabinet Approves 45% Tax on Agricultural Income Exceeding Rs.5.6 Million in New Bill
The Sindh Cabinet approved the Agriculture Income Tax law during its meeting, proposing that agricultural income up to Rs.600,000 annually will be exempt from tax, while the maximum tax rate for income exceeding Rs.5.6 million annually will be 45 percent.
Task Force Suggests Scrapping CVT and Section 7E to Revive Real Estate Sector
The Task Force for the development of the housing sector has recommended abolishing Section 7E of the Income Tax Ordinance and Capital Value Tax (CVT) in Islamabad. Additionally, they propose reducing transaction taxes on the buying and selling of immovable properties.
SECP Registers Record 3,442 Companies in January 2025 Marking 39% Growth
The Securities and Exchange Commission of Pakistan (SECP) has achieved a historic milestone by incorporating the highest-ever number of companies i.e. 3,442 in a single month, reflecting a 39% increase compared to the monthly average of the previous year.
Chinese Group to invest USD 340 Million in EV Market
Pakistan’s electric vehicle (EV) sector has received a significant boost with a USD 340 million investment from a Chinese consortium.
Toyota Maintains World’s Top Automaker Title with 10.8 Million Sales in 2024
Toyota Motor Sells 10.8 Million Vehicles in 2024, Retaining World’s Top Automaker Title for Fifth Consecutive Year. The Japanese automaker posted a 3.7 percent drop in global group unit sales last year, including those of compact car maker Daihatsu and truck unit Hino Motors.