Business News
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APNS, PBA reject tax amendment impacting advertising expenses
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[ad_1] A representational image of taxes. — AFP/File Citing its detrimental economic impact on the media industry, the All Pakistan Newspapers Society (APNS) and Pakistan Broadcasters on SaturdayAssociation (PBA) appealed to the government to retract the proposed amendment in the…
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New tax on over 200 medical instruments set to drive up healthcare costs | The Express Tribune
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[ad_1] KARACHI: Federal government has imposed a sales tax on over 200 medical devices, including angiography and angioplasty equipment, as well as diagnostic kits for various diseases. The move, part of the 2024-25 fiscal budget, is expected to significantly impact…
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Balochistan presents Rs930bn budget 2024-25
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[ad_1] Balochistan Assembly seen in this undated image. — APP The Balochistan government on Friday presented its annual budget of Rs930 billion for the upcoming fiscal year 2024-25, with a surplus of Rs25 billion and special focus on education and…
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Exporters demand restoration of fixed tax regime to remain competitive
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[ad_1] This picture shows a general view of the seaport in Karachi. — AFP/File To stay competitive in world markets, exporters have strongly opposed the shift of taxation on turnover from a fixed to a normal regime as the government…
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High taxes on EVs contradictory to govt’s policies: Ministry
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[ad_1] A representational of an electric car. — Reuters/File ISLAMABAD: The Ministry of Industries and Production has sought reversal of a proposed hike in sales tax on electric and hybrid vehicles in the new budget, saying that the increase in…
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Current account deficit reaches $464m in 11 Months: SBP | The Express Tribune
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[ad_1] The current account deficit for the first eleven months of this fiscal year stood at $464 million, according to the State Bank of Pakistan (SBP). The SBP’s recently released data indicates that the current account deficit for the initial…
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Chinese minister urges closer between institutions of both countries to achieve development goals | The Express Tribune
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[ad_1] ISLAMABAD: China’s Minister of Central Committee of the International Department of Communist Party of China (IDCPC), Liu Jianchao emphasised the need for cooperation between Chinese and Pakistani institutions and political parties to achieve development goals. The senior Chinese minister…
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PSX touches 80,000 mark on IMF deal hopes
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[ad_1] A trader is busy on call as resumes business at the Pakistan Stock Exchange (PSX) building in Karachi. — PPI/Files KARACHI: Stocks hit yet another millstone on Friday amid optimism surrounding Pakistan’s prospects of securing a longer International Monetary…
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Govt’s stats, economic survey ‘based on lies’, PTI on federal budget
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[ad_1] Opposition Leader Omar Ayub Khan is addressing the National Assembly session on June 20, 2024. — Screengrab/YouTube/GeoNews ISLAMABAD: PTI Secretary-General and Leader of the Opposition in the National Assembly Omar Ayub Khan has slammed the budget 2024-25 unveiled by…
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PSX stages its fourth largest one-day surge on IMF bailout bets
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[ad_1] Stock brokers monitor new on television screen at a booth, during a trading session at the Pakistan Stock Exchange, in Karachi, on July 3, 2023. — Reuters The Pakistan Stock Exchange (PSX) extended its post-budget rally, reaching yet another…
