Economy

JazzCash Imposes Fee on Cash Deposits

JazzCash, Pakistan’s largest mobile wallet, has announced a change in pricing on cash deposit into M-wallets.A notice on JazzCash website states that the cash deposit of Rs. 50 – Rs. 20,000 will now have a fee of 0.50 percent + FED while cash deposit …

Economy

Pakistani Central Bank’s Forex Reserves Fell 102 Million USD

The State Bank of Pakistan (SBP), said yesterday that, its foreign exchange reserves had decreased by 102 million U.S. dollars.During the week ending on May 26, the total foreign exchange reserves of the Pakistani central bank fell to around 4.1 billio…

Economy

Govt to Make Cars Even More Expensive in Upcoming Budget

The federal government is reportedly planning to impose Withholding Tax (WHT) on locally produced automobiles on the basis of invoice price instead of engine capacity in the upcoming budget.In connection with such reports, the Pakistan Automotive Manu…

Economy

Crypto Trading in Pakistan Rises Rapidly in 2023 Amid Rupee Depreciation

While Pakistani authorities said on May 17 that they’re working to get cryptocurrencies banned in the country, a survey by global crypto exchange firm KuCoin shows that 33 percent of Pakistani crypto investors see the instrument as a hedge against the…

Economy

Redmi Note 12 Finally Launched in Pakistan

More than 7 months after launching in China, Xiaomi’s highly popular Redmi Note 12 has finally arrived in Pakistan.However, there has been no official announcement from Xiaomi and it is not available on the Mi Store page, but it can be purchased from …

Economy

Finance Minister, UAE Ambassador discuss bilateral economic ties

United Arab Emirates Ambassador Hamad Obaid Ibrahim Salim Al-Zaabi called on Finance Minister Ishaq Dar in Islamabad on Thursday.During the meeting, they conversed about the deep rooted brotherly ties between both countries and discussed the various a…