Business News
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PWSMA pushes for digital tax fix | The Express Tribune
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[ad_1] ISLAMABAD: Plastic bag manufacturers have blamed the Federal Board of Revenue (FBR) for billions of rupees in annual tax evasion by major commodity producers due to malfunctioning production tracking systems. Industry players have sought the intervention of the new Finance Minister, Muhammad Aurangzeb, who is also advocating end-to-end digitisation of the tax system to…
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Farmers ask Sindh to begin wheat buying | The Express Tribune
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[ad_1] KARACHI: Growers’ bodies have urged Sindh government to make wheat procurement centres operational forthwith, provide gunny bags, purchase 1.4 million tonnes from farmers and raise support price as all such steps will benefit and encourage farmers. They said peasants had been harvesting wheat for the past two weeks, but the government’s procurement centres were…
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Jeff Bezos beats Elon Musk as world’s richest man — here’s how he became wealthy
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[ad_1] Elon Musk and Jeff Bezos gesture during separate gatherings. — AFP/File Elon Musk has lost his position as the richest person in the world to Jeff Bezos, who has recovered the top spot on the global wealthy list. As per the Bloomberg Billionaires Index, Musk is worth $198 billion (£154.5 billion), while the founder…
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IMF asks Pakistan to revisit NFC award | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Thursday called upon Pakistan to reopen discussions on the National Finance Commission (NFC) award, seeking to address the ongoing imbalance in the distribution of fiscal resources between federal and provincial governments. During the opening round of discussions for a $1.1 billion loan tranche, Nathan Porter, the IMF…
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FM Aurangzeb aims for long-term macroeconomic stability
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[ad_1] Newly appointed Finance Minister Muhammad Aurangzaib, poses after taking oath in Islamabad, on March 11, 2024. — Ministry of Finance Finance Minister Muhammad Aurangzeb said Wednesday he aims to establish enduring macroeconomic stability in Pakistan, which is poised to transition into sustainable growth amid the country’s fiscal challenges. “The first quarter of 2024 is…
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Rise in used car imports raises alarm | The Express Tribune
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[ad_1] LAHORE: The import of used cars has seen a staggering surge of 684% in the first six months of the current fiscal year compared to the same period last year. Sources indicate that over 16,500 units of used cars were imported from July to December 2023, marking an exponential increase compared to the approximately…
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SBP issues statement on misprinted Rs1,000 banknotes
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[ad_1] A screengrab was take from a video containing the alleged fake notes. — Geo News The State Bank of Pakistan (SBP) responded to the recent controversy about the half-printed banknotes, saying that there was always a possibility of such errors and faults in the notes despite all security checks during large-scale production. A social…
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World’s richest men Mark Zuckerberg, Jeff Bezos, more are selling shares — but why?
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[ad_1] Mark Zuckerberg and Jeff Bezos gesture during separate gatherings. — AFP/File Mark Zuckerberg, Jeff Bezos, Jamie Dimon and many other world’s richest people sold shares worth billions of dollars, but the reason behind them doing so is still undetermined considering that the market was still at an all-time high. Most probably, fears of an…
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Pakistan ‘meets all targets’ ahead of IMF second review of $1.1bn tranche
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[ad_1] The International Monetary Fund’s (IMF) building in Washington, United States. — AFP/File Ahead of the International Monetary Fund (IMF) mission’s visit to Pakistan from March 14 to 18, the finance ministry announced that it met all targets for successful completion of the programme. “Pakistan has met all Structural Benchmarks, Qualitative Performance Criteria and Indicative…
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VIDEO: Bank receives ‘misprinted’ Rs1,000 notes
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[ad_1] In a surprising move, a commercial bank in Karachi has reportedly received Rs1,000 notes that were misprinted. It isn’t clear whether a customer had spotted them or the bank staff had seen the issue themselves. However, in these testing times when inflation is skyrocketing, getting a misprinted banknote would’ve been devastating for a person.…
