Business News
-
PAMA calls for duty on imported cars | The Express Tribune
.
[ad_1] KARACHI: The Pakistan Automotive Manufacturers Association (PAMA) has called for imposing a 15% regulatory duty on used imported vehicles below the 1300 CC category to promote the struggling local industry. Analysts and customers have urged Original Equipment Manufacturers (OEMs) and local manufacturers-cum-assemblers to produce low-priced, quality vehicles to discourage the import of used vehicles…
-
Hike in taxes ‘must to break IMF bailout cycle’ | The Express Tribune
.
[ad_1] Finance Minister Muhammad Aurangzeb has warned that the country would continue seeking financial assistance packages from the International Monetary Fund (IMF) if the government failed to significantly boost its tax revenues. Speaking to a UK publication, the minister said he was “relatively confident” of reaching a staff-level agreement with the IMF this month for…
-
Ease of doing business: cases of Malaysia, Pakistan | The Express Tribune
.
[ad_1] ISLAMABAD: In 2010, Malaysia was ranked No 116 in the world in terms of ease of construction permits, which was one of the many parameters that the World Bank used to compare countries on the “Ease of Doing Business”. On the instructions of then prime minister Najib Razak, a high-powered task force with equal…
-
Demonising and scandalising CPEC | The Express Tribune
.
[ad_1] ISLAMABAD: From time to time, we come across propaganda unleashed against the China-Pakistan Economic Corridor (CPEC): that it is a debt-creating instrument, China is not keen to help Pakistan ride out its severe economic problems, and Beijing is using the corridor as a strategic ploy to put its stamp on the region. Such propaganda,…
-
Value proposition of Islamic finance | The Express Tribune
.
[ad_1] KARACHI: In a world driven by economic dynamism and financial innovation, Islamic finance stands out as a unique and increasingly influential system that focus on real trade and economic activity while barring interest-based dealing, speculation, artificial financial instruments and toxic assets like conventional derivatives. Islamic finance rooted in the Islamic commercial law and supported…
-
Modernisation of ports can help Pakistan earn billions of dollars: PM
.
[ad_1] Prime Minister Shehbaz Sharif chairs the meeting regarding Karachi Port Trust, Port Qasim Authority and Pakistan National Shipping Corporation in Karachi on July 7, 2024. — PID KARACHI: Prime Minister Shehbaz Sharif on Sunday said that Pakistan could earn billions of dollars via modernisation of its ports and cash in on the country’s geographic…
-
China reports $3.22 trillion in foreign exchange reserves | The Express Tribune
.
[ad_1] China’s foreign exchange reserves stood at 3.2224 trillion U.S. dollars at the end of June 2024, official data showed Sunday. The amount shrank by 0.3 percent compared with the previous month, the State Administration of Foreign Exchange (SAFE) said, attributing the decrease to the combined impact of currency translation and asset price changes. Affected…
-
NEPRA passes on relief to K-E consumers | The Express Tribune
.
[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has issued its decision regarding the Fuel Charges Adjustment (FCA) requested by K-Electric (K-E) for April 2024, indicating a benefit of Rs1.67 per kilowatt-hour (kWh) to be passed on to customers in their July 2024 bills. Earlier, NEPRA had notified a decision that specified the FCA…
-
FinMin Aurangzeb says all traders to be brought under tax net without exception
.
[ad_1] Finance Minister Muhammad Aurangzeb is interviewed during the G20 Finance Ministers and Central Bank Governors’ Meeting at the IMF and World Bank’s 2024 annual Spring Meetings in Washington. — Reuters Finance Minister Senator Muhammad Aurangzeb reiterated on Saturday that all traders would be brought under the tax net without exception, as the government faces…
-
In new milestone, PSX breaks through 80k | The Express Tribune
.
[ad_1] KARACHI: Pakistan Stock Exchange (PSX) exhibited a bullish trend during the outgoing week as the KSE-100 index broke through the psychological barrier of 80,000 points to reach a record high over optimism that Pakistan had taken all the required measures for securing a new assistance package from the International Monetary Fund (IMF). Investor sentiment…
