Business News
-
Overhauling Pakistan’s tax system | The Express Tribune
.
[ad_1] KARACHI: I A Mayburov (2007) defines the Tax System as ‘a system that is a principle-based integral unity of its main interconnected and interrelated elements. These elements are the regulatory legal basis of taxation, the set of taxes and fees, the payers of taxes and fees, and the mechanism of tax administration’. Considering these…
-
Petrol price jacked up by Rs9.66 per litre | The Express Tribune
.
[ad_1] The federal government on Sunday increased the price of petrol by Rs9.66 per litre, effective from April 1, 2024 — a decision which could have a serious inflationary impact on the lives of ordinary citizens. According to a notification issued by the finance ministry, the price of petrol was increased as per the recommendation…
-
Centre, Sindh agree to collaborate | The Express Tribune
.
[ad_1] KARACHI: Sindh Chief Minister (CM) Syed Murad Ali Shah and Federal Minister for Finance Mohammad Aurangzeb have agreed to collaborate in an attempt to attract foreign investment and boost exports, thereby enhancing financial stability of the province and the country. This partnership emerged in a meeting between the two officials held at CM House…
-
Minister denies IMF opposes subsidies | The Express Tribune
.
[ad_1] KARACHI: Finance Minister Muhammad Aurangzeb on Friday claimed that it was misconstrued that the International Monetary Fund (IMF) opposed subsidies whereas it wanted the targeted ones to be increased. “The fact is that the IMF is against untargeted subsidies. It actually wants the targeted subsidies to be enhanced,” he told the media during his…
-
PM Shehbaz shares 5-year economic uplift programme with ministries
.
[ad_1] Prime Minister Shehbaz Sharif chairs a meeting of the federal cabinet in Islamabad on March 20, 2024. — Prime Minister’s Office Prime Minister Shehbaz Sharif on Saturday shared his five-year economic roadmap with ministries and urged the members of the federal cabinet to immediately commence work towards achieving the targets set in the plan.…
-
PIA to sell aircraft spare parts ahead of privatisation | The Express Tribune
.
[ad_1] ISLAMABAD: In a significant move ahead of the privatisation of Pakistan International Airlines (PIA), the airline’s management has announced the sale of additional spare parts for various categories of aircraft, valued at millions of rupees. The management, focusing on streamlining resources, has decided to put spare parts of Boeing 737, Boeing 707, Fokker, and…
-
Abu Dhabi unveils plans to create 178,000 jobs by 2030
.
[ad_1] Abu Dhabi is the capital city of UAE. — Dubai Eye/File Under the Abu Dhabi Tourism Sector Strategy 2030, Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan has approved plans to create 178,000 jobs and to attract 39.3 million tourists into the city, Lovin Abu Dhabi reported. The Abu Dhabi Tourism Sector…
-
Restaurants fear tougher days ahead
.
[ad_1] Govt job cuts and rising costs badly impact restaurants. — Representational image from Unsplash Restaurant owners are worried about their business this winter. Fewer customers and rising costs are their main concerns. Their fears stem from the fact that fewer people are eating out because of job cuts and higher prices in New Zealand. …
-
Federal Reserve’s Jerome Powell rules out recession in US economy
.
[ad_1] American economy evades recession despite earlier predictions. — Bloomberg/File Jerome Powell, the chair of the Federal Reserve, ruled out the possibility of a recession in the economy of the United States in the near future, saying that there is no reason to believe it. Addressing a conference in San Francisco, Powell said, “Growth is…
-
Exporters can import raw material duty free | The Express Tribune
.
[ad_1] ISLAMABAD: The federal government has decided to conditionally allow goods exporters to import raw material, machinery and equipment without paying duties and taxes under the Export Facilitation Scheme. Exporters will have to obtain approval from the collectorate for the import of raw material, machinery and equipment. They will be able to import machinery and…
