Business News
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Threat of losing exports, FDI looms | The Express Tribune
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[ad_1] KARACHI: Pakistan is facing the threat of losing exports and foreign direct investment (FDI) because of potential failure to comply with measures required to combat climate change as global buyers increasingly urge domestic producers to report their best and bad practices contributing to global warming. Speaking at the launch of a report titled “Pakistan’s…
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Pakistan ‘making good progress’ for IMF $7bn loan deal approval in September: FinMin
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[ad_1] Finance Minister Muhammad Aurangzeb presents Federal Budget 2024-2025 before the National Assembly. — INP/File Finance Minister Muhammad Aurangzeb has said that the government hopes to get approval for a new $7 billion loan programme from the International Monetary Fund’s (IMF) board in September, saying that its engagement with the Fund is progressing well. “We…
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SBP to replace all currency notes by year-end, says governor | The Express Tribune
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[ad_1] The governor of the State Bank of Pakistan (SBP), Jameel Ahmad, has announced that all currency notes will be replaced by the end of this year. The statement was made during a briefing at the Senate’s Standing Committee on Finance, chaired by Senator Saleem Mandviwalla on Wednesday. Ahmad revealed that the state bank is…
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FBR sets Sep 30 deadline for filing tax returns | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) has set September 30 as the deadline for income tax returns for the financial year 2023-24. According to FBR, those who fail to submit tax returns may face legal action. In case of default, a 0.1 percent penalty will be imposed on the payable tax amount. The…
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Sindh governor backs manufacturing sector | The Express Tribune
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[ad_1] KARACHI: Sindh Governor Kamran Tessori has reaffirmed his commitment to supporting initiatives that promote the growth of the manufacturing sector and contribute to the country’s economic development. During a visit to the Indus Motor Company (IMC) plant, Tessori praised the company’s achievements in localisation, its contributions to the local auto industry, and its impact…
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Disney-Reliance $8.5 billion merger undergoes scrutiny | The Express Tribune
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[ad_1] NEW DELHI: India’s Competition Commission (CCI) has raised concerns over the $8.5 billion merger between Reliance and Walt Disney’s media assets, specifically regarding the impact on competition due to their control over cricket broadcasting rights, according to sources familiar with the matter told Reuters. The development marks a significant challenge for the merger, which…
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Pakistan can save up to Rs50bn if citizens endure two-hour of loadshedding: energy minister
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[ad_1] A representational image depicting loadshedding in a residential area of Pakistan. — AFP/File ISLAMABAD: Energy Minister Awais Leghari on Tuesday said that if the citizens could endure two-hour of load shedding daily, the government could save up to Rs50 billion. Addressing the National Youth Convention here, the minister admitted the electricity tariffs in Pakistan…
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Pakistan has the most expensive electricity in the region: Energy Minister | The Express Tribune
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[ad_1] Listen to article The Federal Minister for Energy, Awais Leghari, acknowledged that the country has the highest electricity costs in the region, stating that the government is working towards resolving issues related to Independent Power Producers (IPPs). Speaking at the National Youth Convention in Islamabad, Awais announced that within one to two months, the government, in…
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PIA announces 30% fare reduction for Karachi to Jeddah, Madinah flights
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[ad_1] Crew members disembark from a Pakistan International Airlines (PIA) flight at Kabul Airport, Afghanistan, September 13, 2021. — AFP LAHORE: In a bid to ease financial burden on travellers, the Pakistan International Airlines (PIA) has announced a significant 30% reduction in fares for flights from Karachi to Jeddah and Madinah. A spokesperson of the…
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Kamala Harris to increase corporate tax if wins election, says her campaign
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[ad_1] US Vice President Kamala Harris speaks during a campaign event at Westover High School in Fayetteville, North Carolina, on July 18, 2024. — AFP WASHINGTON: US Vice President Kamala Harris would raise the corporate tax rate to 28% from 21% if she wins a November 5 election against Republican rival Donald Trump, her campaign…
