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Driver monitoring technology company Seeing Machines reported an underlying revenue growth rate of 28% for the first half on Thursday, amounting to $25.6m, excluding one-off Magna exclusivity payments.
Multinational mining giant Anglo American reported a 28% rise in copper production in its first quarter on Tuesday, primarily due to the ramp-up of production from the new Quellaveco copper mine in Peru.
Business April 6, 2021 KARACHI: Pakistan’s public debt increased by Rs1.505 trillion or 4.28 percent in the eight months of this fiscal year amid increase in government borrowing to plug budget deficit gap. The public debt stood at Rs36.612 trillion at the end of February 2021, compared to Rs33.417 trillion at the end of February last year. The debt stood at Rs35.107 trillion in the period ended June 2020, according to the central bank’s data released on Monday. It rose big time on the government’s domestic borrowing side, rising 6.43 percent to Rs24.780 trillion, while the government ...
Business February 5, 2021 KARACHI: The collection of sales tax on services by the provinces increased 28.4 percent during the first half of the current fiscal year owing to accelerated economic activities after ease in coronavirus lockdown, official data showed. According to data released by the ministry of finance a day earlier, the collection of sales tax on services increased to Rs109.62 billion during the first half of the current fiscal year compared with Rs140.7 billion in the corresponding half of the last fiscal year. Tax experts said all the economic activities remained standstill d...