Business News
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FBR chief questioned over increased taxes on vehicles, property
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[ad_1] Senator Salim Mandviwala chairs a meeting of the Senate Standing Committee on Finance in Islamabad on June 20, 2024. — X/@SenatePakistan ISLAMABAD: Federal Board of Revenue (FBR) Chairman Asim Ahmad Thursday was questioned by senators over the increased taxes on…
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PSX hits historic high, surpasses 78,000 milestone | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) surged to an all-time high on Thursday as the KSE-100 Index gained over 1.93 percent, reaching 78,213 points at 11:30 am. This rise marked a significant increase from the previous 76,706.77 points last week….
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Bilawal to air budget grievances with PM | The Express Tribune
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[ad_1] ISLAMABAD/RAWALPINDI: As the upper and lower houses of parliament commence debates on the federal budget for the fiscal year 2024-25 today (Thursday), tensions are running high within the ruling coalition. The Pakistan Peoples Party (PPP), a key ally, remains…
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Bottled water boom exploits thirst for clean water | The Express Tribune
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[ad_1] KARACHI: Pakistan’s ongoing quest for pure drinking water has fuelled a powerful informal bottled water market. There has been an extraordinary hike in prices across various bottled water brands in the domestic market, with rates increasing nearly 150%. In…
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Pakistan’s inflation to decline in FY25: Fitch
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[ad_1] The headquarters of Fitch Ratings Ltd. stands in the Canary Wharf business and shopping district in London, UK. — AFP As Pakistan prepares to enter a new International Monetary Fund (IMF) programme, Fitch Ratings has predicted a drop in…
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Pakistan budget to significantly reduce government debt, rating agency Fitch predicts | The Express Tribune
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[ad_1] Fitch forecasts Pakistan’s FY25 budget to significantly reduce government debt, which is projected to decline to 68% of GDP by the end of FY24. This reduction is attributed to high inflation and deflator effects, which help offset soaring domestic…
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PM’s adviser says IMF ‘relaxed’ demands due to friendly nations
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[ad_1] International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington, US, October 9, 2016. — Reuters Adviser to Prime Minister on Political Affairs Rana Sanaullah Monday underscored the crucial…
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Instead of taxing ‘holy cows’, govt to butcher milk consumers | The Express Tribune
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[ad_1] ISLAMABAD: The PML-N-led coalition government has dropped a price bomb of over Rs250 billion on milk consumers by proposing an 18% general sales tax (GST) on every litre of packaged milk being sold in the country. Interestingly, the Shehbaz…
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Soaring stocks, collapsing economy | The Express Tribune
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[ad_1] KARACHI: Pakistan’s stock market is soaring and it just recently crossed a record high. This would normally be good news were it not for the fact that as the stock market soars the real economy is in freefall. There…
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Challenging crosswinds: Pakistan’s trade pattern | The Express Tribune
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[ad_1] KARACHI: The latest indicators of external trade, released by the Pakistan Bureau of Statistics (PBS), show a continuing decline in trade deficit in the first 11 months of FY24, driven by rising exports and decreasing imports. The trade deficit,…
