Business News
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Int’l airline operations at risk as Pakistan ‘freezing funds’
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[ad_1] Airline association urged governments to abide by international agreements. — AFP/File The global air transport body has urged countries, including Pakistan, to allow airlines to repatriate their profits, warning that “rapidly rising levels of blocked funds posing threat to airline connectivity”. The International Air Transport Association (Iata) said in a statement on Sunday that…
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Capitalising on benefits of inclusive wealth approach | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan developed its first-ever Inclusive Wealth Report (IWR) in June 2021 in line with the global demand to adopt the inclusive wealth paradigm imperative for sustainable development. Inclusive wealth involves all sectors of economy and takes a holistic approach by considering all relevant indicators of economic growth. Growth measurement in Pakistan is currently…
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Experts hold ‘Great Debate’ to find solutions to economic woes
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[ad_1] The Geo News show, Great Debate, highlights experts’ opinions on the country’s economic challenges. — YouTube/GeoNews/Screengrab Geo News on Sunday hosted a ‘Great Debate’ on the economy to discuss the challenges and measures being taken by the federal government to deal with the prevailing economic crisis ahead of the federal budget 2023-24. Panellists include…
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‘Passing off another’s goods as own unlawful’ | The Express Tribune
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[ad_1] ISLAMABAD: The top court has held that it was unlawful for a trader to pass off his goods as those of another by using the same or confusingly similar mark, name, or get-up.“As nobody has any right to represent his goods as the goods of somebody else, it is unlawful for a trader to…
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Balochistan government grants tax-free zone status to Gwadar
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[ad_1] Development under CPEC aims to transform Gwadar into a major trade and economic hub. — AFP/File The Balochistan government has granted a tax-free zone status to Gwadar district, exempting the area from all provincial taxes in an attempt to boost economic activities. The provincial government on Saturday also urged the Centre to grant similar…
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Govt mulls taxing bonus shares, undistributed profits | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) has recommended the imposition of a 5% tax on bonus shares issued by companies and on their undistributed profits in the next budget. This proposal would primarily affect family-owned companies but would benefit minority shareholders. Sources told The Express Tribune that the FBR is contemplating the reinstatement…
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PM Shehbaz urges Turkish businessmen to invest in Pakistan
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[ad_1] A delegation of Anadolu Group calls on Prime Minister Shehbaz Sharif in Ankara on June 3, 2023. — PID ANKARA: Prime Minister Shehbaz Sharif on Saturday urged the Turkish investors and businessmen to increase investment in Pakistan’s diverse sectors. Currently, the premier is in Ankara on a two-day official visit to attend the inauguration…
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Gwadar declared tax-free zone by Balochistan govt | The Express Tribune
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[ad_1] QUETTA: The Balochistan provincial government has officially declared Gwadar as a tax-free zone, urging federal authorities to grant the region a similar economic status, Express News reported. According to the provincial government, Gwadar will now be exempt from services and excise tax, and any tax on property transfers, a significant development for the district…
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Dar comes down hard on Miftah for predicting country’s default
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[ad_1] Finance Minister Ishaq Dar speaking to a business delegation in Islamabad, on June 3, 2023, in this still taken from a video. — YouTube/PTVNewsLive ISLAMABAD: Finance Minister Ishaq Dar came down hard on his predecessor Miftah Ismail, saying those predicting Pakistan’s default should be ashamed of themselves. FinMin Dar’s rage was directed at fellow…
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Weekly inflation up by 0.03 percent | The Express Tribune
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[ad_1] ISLAMABAD: After two consecutive weeks of decline, inflation in Pakistan has begun to rise once more. During the recent week, there was a slight increase in the inflation rate, up by 0.03 percent, with an annual inflation rate recorded at 42.67 percent.The inflation rate for individuals with a monthly income ranging from Rs17,733 to…
