A report released by the World Trade Organization (WTO) on Monday revealed that world exports of intermediate goods (IGs) experienced a significant year-on-year decline of 8% in the second quarter of 2023, amounting to US$ 2.3 trillion.
(more…)Author: Mrs. Anjum Shahnawaz
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Tax Evaders Get Chance to Avoid Harsh Action Under Pakistan Laws
Karachi, November 19, 2023 – In a bid to encourage voluntary compliance and streamline tax processes, tax evaders in Pakistan now have the opportunity to avoid severe consequences by paying fines and penalties at the preliminary stage of investigation.
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Major Companies Boycott X Over Controversial Comments by Elon Musk
In a startling turn of events, prominent companies such as Apple, Disney, and IBM have ceased advertising on X following a wave of controversy sparked by an alleged antisemitic post by the platform’s owner, Elon Musk.
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Thundershower Forecasted for Northern Balochistan on November 18, 2023
Karachi, November 17, 2023: The Pakistan Meteorological Department (PMD) has issued a forecast predicting thundershower in northern Balochistan on November 18, 2023.
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PMD Forecasts Dry and Cold Weather Across Pakistan on November 17
Islamabad, November 17, 2023 – The Pakistan Meteorological Department (PMD) has issued a weather forecast predicting dry conditions coupled with cold temperatures and partly cloudy skies in most parts of the country for Friday.
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Prime Minister Kakar Urges Collaborative Approach for Economic Growth at SIFC Meeting
Islamabad, November 17, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar chaired the 7th meeting of the Apex Committee of the Special Investment Facilitation Council (SIFC) on Thursday, directing all stakeholders to actively pursue SIFC’s initiatives through collaboration for short to medium-term gains and laying the groundwork for long-term endeavors in the national interest.
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Treasury Approves $62 Million to Boost D.C. Small Businesses under Biden’s Investing in America Agenda
WASHINGTON D.C., November 17, 2023 – The U.S. Department of the Treasury has given the green light to Washington, D.C.’s ambitious plan to receive up to $62 million in funding, as part of President Biden’s comprehensive Investing in America agenda.
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U.S. Treasury Imposes Sanctions on Maritime Entities Violating Coalition Price Cap on Russian Crude Oil
WASHINGTON, November 16, 2023 – In a significant move aimed at curbing financial support for Russia’s invasion of Ukraine, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on three maritime entities and designated three vessels as blocked property.
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Pakistan Slashes Petroleum Prices, Effective from November 16
In a move aimed at providing relief to the general public, the Pakistani government has announced a significant reduction in the prices of petroleum products, effective from Thursday, November 16, 2023.
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