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KARACHI: The foreign exchange reserves of the State Bank of Pakistan (SBP) increased by $167 million to $11.675 billion during the week ending June...
ISLAMABAD: A division bench of the Islamabad High Court (IHC) has ruled in favour of the Federal Board of Revenue (FBR) in assessing tax liability...
The State Bank of Pakistan (SBP) is expected to hold its policy rate on Monday, a Reuters poll showed, as many analysts shifted their previous view...
KARACHI: Leaders from the trade and industry sector on Thursday expressed that the federal budget has failed to restore investor confidence or...
KARACHI: After reaching an unprecedented peak above 126,500 in early trade on Thursday, the Pakistan Stock Exchange (PSX) suffered marginal...
KARACHI: Sales of cars, sport utility vehicles, pickups and vans clocked in at 14,762 units in May, reflecting a rise of 35 per cent year-on-year...
• Dwindling federal transfers hamper province’s plans • Spending on health and education to see substantial increase Islamabad: The Khyber Pakhtu...
• Finance secy says revenue numbers are already locked with IMF • Income tax rate of first slab reduced to 2.5pc, not 1pc as initially printed in...
ISLAMABAD: Teachers on Wednesday voiced their concerns over what they claimed was inadequate budget allocation for the higher education sectors,...
ISLAMABAD: The government has introduced a series of new provisions to expand sales tax registration and tighten compliance through penalties,...
• Langrial says new 15pc tax rate on passive income aims to address disparity with active business earnings • Political leadership and intel...
LAHORE: The cotton ginning and oil mill industries across Pakistan are reeling from profound disappointment and concern following the federal...
• Rs1m fines proposed for unregistered online vendors in new Finance Bill • Banks, couriers to deduct withholding tax under new plan • Fine for...
KARACHI: Pakistan looks set to exceed its annual remittances target of $38 billion with $3.7bn inflows in May. So far in the 11 months of the...
KARACHI: A worker at a shop arranges solar panels on Wednesday. According to Topline Securities, the country imported $2 billion worth of solar...
ISLAMABAD: K-Electric has requested the National Electric Power Regulatory Authority (Nepra) not to pass on the full impact of a Rs4.69 per unit...
KARACHI: Finance Minister Muhammad Aurangzeb on Tuesday defended a tough new budget as a necessary “signal” of the government’s long-term economic...
• Next year’s revenue target set at Rs14.13tr • Provinces’ contribution helps Centre outperform fiscal target, record lowest budget deficit in a...
United States and Chinese officials said on Tuesday they had agreed on a framework to put their trade truce back on track and remove Beijing’s...
Ziauddin • Exports expected to rise by $5bn by the end of five-year reform period • Super tax rate cut by 50bps for income slabs between Rs200m and...
ISLAMABAD: The provinces are projected to receive a record Rs8.2 trillion from the federal divisible tax pool in the upcoming fiscal year 2025-26,...
Finance Minister Muhammad Aurangzeb on Wednesday said lower government expenditures in the outgoing fiscal year were a “response” to previous...
Shares at the Pakistan Stock Exchange (PSX) hit an all-time high of 124,000 points on Wednesday as the proposed federal budget for the upcoming...
KARACHI: Some businessmen have extended a cautious welcome while others have labelled it a “camouflage budget” due to its unrealistic targets and...
• Rs2.55tr allocation is 20pc higher, biggest annual hike in a decade • Military budget jumps to 1.97pc of GDP, up from 1.7pc last year ISLAMABAD:...
KARACHI: The government has introduced new taxes on local and foreign e-commerce marketplaces, making online shopping costlier for Pakistani...
ISLAMABAD: The federal government has earmarked Rs1.1 billion for sports infrastructure development under the Public Sector Development Programme (...
Finance Minister Muhammad Aurangzeb on Wednesday said lower government expenditures in the outgoing fiscal year were a “response” to previous...
• Disappointed industry players term decision shocking • Say curbs on non-filers will further slow real estate activities LAHORE: The government...
ISLAMABAD: The government has increased the salaries of federal employees (Grade-1 to Grade-22) by 10 per cent, while the retired government...
In an attempt to provide eco-friendly transport facilities, the Sindh government has decided to purchase more buses and allocate funds for electric...
• Up to 80pc tax relief for salaried individuals earning Rs600,000-1.2m annually • Minimal relief for top salary brackets earning above Rs4.1m •...
LAHORE: Although the country’s total installed power generation capacity is set to rise to 46,605 megawatts in the outgoing fiscal year (FY25),...
ISLAMABAD: The PPP demanded on Monday a minimum 50 per cent increase in the salaries of government employees and a 100pc raise in pensions under...
Finance Minister Muhammad Aurangzeb on Tuesday unveiled Pakistan’s annual federal budget in a charged National Assembly session, outlining...
ISLAMABAD: The cumulative expenditure on education by the federation and the provinces remained merely 0.8 per cent of the Grand Domestic Product...
Finance Minister Muhammad Aurangzeb on Tuesday unveiled Pakistan’s annual federal budget in a charged National Assembly session, outlining...
• Many goods, services will now be taxed at higher rates • Lower rates for digital payments versus cash transactions set to replace distinction...
• Sales tax waivers jump almost 50pc to Rs4.25tr • Income tax exemptions surge 68pc to over Rs800bn ISLAMABAD: Tax exemptions granted by the...
Availability of surplus power in the country, often a source of fiscal constraints, can become the cornerstone of a new industrial policy aimed at...
With the upcoming fiscal year’s budget drawing closer, most conversations in the business and policy circles are focused on the usual items, with...
ISLAMABAD: Highlighting women-centric metrics, the Economic Survey noted that 250 women have been registered for training as boxers under the Prime...
ISLAMABAD: In a move that has raised eyebrows, the government has approved over fivefold increase in the salaries of Senate chairman and National...
• Major crops down 13.5pc amid water crisis, restricting agriculture and overall GDP growth • Industry, services underperform; large-scale...
Finance Minister Muhammad Aurangzeb unveiled the Pakistan Economic Survey 2024-25 on Monday, exuding confidence that the country’s economy would be...
Finance Minister Muhammad Aurangzeb unveiled the Pakistan Economic Survey 2024-25 on Monday, exuding confidence that the country’s economy would be...
Finance Minister Muhammad Aurangzeb unveiled the Pakistan Economic Survey 2024-25 on Monday, exuding confidence that the country’s economy would be...