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Paris Auction Sets Record with $10M Hermès Birkin Bag Sale
The first-ever Hermès Birkin bag, made for Jane Birkin, has sold for $10 million at a Sotheby’s auction. The bag was auctioned in Paris and…
Shehbaz Sharif Meets Alibaba For Digital Trade Plans
ISLAMABAD: Prime Minister Shehbaz Sharif emphasized the critical role of e-commerce in driving Pakistan’s export-led economic vision, calling it a “strategic necessity” for modern trade.…
Pakistan Plans to Sell Minority Stake in Roosevelt Hotel, Eyes $1 Billion Valuation
Reports claim: Pakistan is preparing to sell a minority stake in the historic Roosevelt Hotel in Manhattan. The government is targeting a valuation of over…
ZTBL Refutes Media Reports on Alleged Rs. 11 Billion Loan Losses
Zarai Taraqiati Bank Limited (ZTBL) has strongly refuted recent media reports alleging the loss of loan files worth over Rs. 11 billion. In a statement…
No Tax on Cash Sales Over Rs. 200K, Clarifies FBR
The Federal Board of Revenue (FBR) has officially denied imposing a 20.5% tax on cash transactions exceeding Rs. 200,000. This clarification comes amid widespread confusion…
Air Arabia Secures Approval for New Routes in Pakistan
UAE’s budget airline, Air Arabia, is all set to boost its footprint in Pakistan, following the Civil Aviation Authority’s (CAA) green light for expanded flight…
SBP to Roll Out Pilot for Pak’s Own Digital Currency
ISLAMABAD / SINGAPORE: The State Bank of Pakistan (SBP) is preparing to launch a pilot project for a central bank digital currency (CBDC). SBP Governor…
Islamabad City App Helps Generate Rs. 15.5 Billion in Tax Revenue
The Islamabad City App continues to reshape citizen services with a landmark achievement, Rs. 15.5 billion in tax revenue collected by the Excise and Taxation…
SBP Expands Raast & PayPak to Reduce Foreign Payment Reliance
The State Bank of Pakistan (SBP) has accelerated its efforts to reduce Pakistan’s dependency on expensive international card networks like Visa and MasterCard, which settle…
Secure Logistics Gets SECP Nod for Name Change
Secure Logistics has secured regulatory clearance to adopt a new corporate identity, following the Securities and Exchange Commission of Pakistan’s formal approval. In a notification…
Digital Payments Soon Mandatory for Retailers as Govt Pushes for Cashless Economy
Pakistan is set to make digital payments mandatory for retailers in key regions by September, accelerating its cashless economy ambitions. An official document reviewed by…
CCP Mergers Approvals Unlock $50m Foreign Investment in Pakistan
The CCP M&A approvals during the Fiscal Year 2024-25 have resulted in 69 cleared transactions, channeling roughly $50 million in foreign direct investment (FDI) into…
