Business News
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Balancing growth with fiscal realities in budget 2024-25 | The Express Tribune
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[ad_1] KARACHI: The real task of budget makers was to present policy prescriptions that adhere to the broader contours of the International Monetary Fund (IMF). Apparently, the IMF has given a green signal, and the budget is good to go,…
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Govt unlikely to buy spot LNG in summer | The Express Tribune
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[ad_1] KARACHI: Pakistan is unlikely to buy liquefied natural gas (LNG) cargoes on the spot market until at least the beginning of winter in November due to oversupply and high prices, its petroleum minister told Reuters. Extreme temperatures across Asia…
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Govt rethinks tax proposals amid high cost of living | The Express Tribune
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[ad_1] ISLAMABAD: The government has kicked off consultations with a view to reconsider a partial rollback of the proposed income tax rate increases for salaried individuals and exporters, alongside implementing the proposed 18% sales tax on infant milk in stages….
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‘New taxes will cripple IT sector’ | The Express Tribune
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[ad_1] KARACHI: The budget for fiscal year 2024-2025 burdens the skilled salaried class with higher income taxes, which can lead to a massive brain drain, exacerbating the current situation, hindering the growth of the Information Technology (IT) sector, and potentially…
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US calls for stronger protection against Chinese imports | The Express Tribune
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[ad_1] WASHINGTON: A policy group led by the United Steelworkers union and domestic manufacturers is calling for the US to enact stronger trade barriers to Chinese imports after President Joe Biden imposed steep tariffs on Chinese electric vehicles, solar panels…
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Brazil’s president rejects spending cuts | The Express Tribune
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[ad_1] BRASILIA: Brazil’s President Luiz Inacio Lula da Silva said on Saturday he is open to analysing Finance Minister Fernando Haddad’s spending cut proposals but emphasised that fiscal adjustments would not be made at the expense of the poor. Speaking…
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FBR chief hints at shutting down non-filers’ businesses
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[ad_1] In this picture taken on January 10, 2023, women check rice prices at a main wholesale market in Karachi. — AFP/File ISLAMABAD: The Federal Board of Revenue (FBR) chief has apprised the Senate’s Standing Committee on Finance and Revenue…
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WB sanctions $150m to bring children under education net
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[ad_1] Girls attend lessons at a school in a slum on the outskirts of Islamabad in this undated photo.— Reuters The World Bank’s (WB) Board of Executive Directors has sanctioned financing of $150 million to increase children’s participation and reduce…
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Reduction in tax rate for salaried individuals proposed | The Express Tribune
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[ad_1] The Senate Standing Committee on Finance, chaired by Senator Saleem Mandviwalla, has approved a 75% withholding tax on phone and internet services for non-filers while proposing a reduction in the tax rate for salaried individuals. The committee, during its…
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Sindh to focus on completing old development schemes: CM
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[ad_1] Sindh Chief Minister Murad Ali Shah speaks to the media in the post-budget press conference in Karachi on June 15, 2024, in this still taken from a video. — YouTube/Geo News Live Sindh Chief Minister Murad Ali Shah Saturday…
