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Business

Web Desk
Feb 16, 2024

PAMA calls for reversal of 25% sales tax hike on locally manufactured cars

PAMA has urged the Caretaker Finance Minister to withdraw the 25 per cent sales tax increase on locally manufactured vehicles.

Business

Web Desk
Jan 28, 2024

Pakistan expects to collect highest-ever taxes in FY2024

The International Monetary Fund (IMF) has lauded the Federal Board of Revenue (FBR) for its performance in expanding Pakistan’s tax net.

Business

Web Desk
Jan 25, 2024

PM Kakar calls for strong strategy to tackle energy sector’s debt

PM Kakar underscored the imperative need for an effective, long-lasting, and viable strategy to eliminate revolving debt within energy sector.

Business

Web Desk
Jan 20, 2024

Pakistan’s trade deficit drops 35.7%

Pakistan’s trade deficit for the month of December showed significant improvement, according to revised data released by the PBS.

Business

Web Desk
Jan 17, 2024

Crackdown launched on profiteers ignoring govt-approved prices

Karachi Commissioner Muhammad Salim Rajput has initiated a campaign aimed at illegal profiteers, leading to fines imposed on 234 individuals.

Business

Web Desk
Jan 09, 2024

Debt dilemma: Pakistan’s high bank borrowings defy revenue success

In a disconcerting development, the government of Pakistan’s borrowings from banks have witnessed a troubling upward trend, raising alarms about the country’s deepening debt situation and casting shadows over its poised positive economic outlook.

Business

Web Desk
Dec 30, 2023

SBP forecasts substantial decline in inflation for FY2024

Pakistan’s central bank anticipates a notable decline in inflation to approximately 20–22 per cent for the fiscal year 2024.

Business

Web Desk
Dec 19, 2023

Fake Rs5,000 banknotes flood Pakistani markets

According to details, even officials of the State Bank of Pakistan (SBP) failed to recognise the fake Rs5,000 banknotes.

Business

Web Desk
Dec 13, 2023

Pakistan seeks $4.5 billion boost from global sources, excluding IMF

Caretaker Federal Minister for Finance, Revenue, and Economic Affairs, Dr Shamshad Akhtar, has disclosed that Pakistan aims to secure approximately $4.5 billion from both multilateral and bilateral sources, excluding the International Monetary Fund (IMF), in the ongoing fiscal year 2023–24.

Business

Web Desk
Oct 30, 2023

PIA set to operate more flights

PIA announced on Monday that it would be able to resume more flights thanks to a credit line extension from Pakistan State Oil (PSO).

PAMA calls for reversal of 25% sales tax hike on locally manufactured cars

Pakistan expects to collect highest-ever taxes in FY2024

PM Kakar calls for strong strategy to tackle energy sector’s debt

Pakistan’s trade deficit drops 35.7%

Crackdown launched on profiteers ignoring govt-approved prices

Debt dilemma: Pakistan’s high bank borrowings defy revenue success

SBP forecasts substantial decline in inflation for FY2024

Fake Rs5,000 banknotes flood Pakistani markets

Pakistan seeks $4.5 billion boost from global sources, excluding IMF

PIA set to operate more flights

Pakistan rejects hospital strike claim, says Kabul target was militant infrastructure

UN marks Islamophobia Day, warns of rising hate and discrimination against Muslims

Huda Mustafa faces restraining order over alleged threats to boyfriend’s ex and child

Trump seeks to delay China visit amid escalating Iran conflict

Jane Fonda says she had “more to say” than Barbra Streisand in Redford Oscars tribute