Express
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The elephant in the room | The Express Tribune
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[ad_1] ISLAMABAD: It’s been about 14 to 15 years since the 18th Constitutional Amendment and the preceding 7th NFC Award; both have now come of age. The amendment resulted in many good outcomes, through its 102 amendments. However, two (out of the 100-plus amendments), which govern the division of revenues between provinces and the federation,…
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Retail sector advocates sustainable tax policies | The Express Tribune
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[ad_1] ISLAMABAD: In a crucial meeting with the Senate finance committee, representatives of the Pakistan Retail Business Council (PRBC) presented their point of view against the proposed increase in sales tax from 15% to 18% on Point of Sales (POS)-connected retailers. The plea was compelling enough that it not only won the consensus of all…
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Diplomat Club urges tech firms to join digital revolution | The Express Tribune
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[ad_1] ISLAMABAD: President of the Diplomat Business Club and former ambassador, Javed Malik, urged Pakistani tech businesses on Saturday to become a part of the digital revolution that is transforming the global business landscape. He made these remarks while addressing the Global Business Forum 2024 in Dubai, UAE, which brought together delegates from over 30…
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IMF welcomes govt’s tough measures | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has welcomed the federal government’s strict policy measures proposed in the upcoming federal budget during virtual talks with the government authorities with regard to the next bailout package. According to official sources, there has been progress in the talks between Pakistan and the IMF. The Fund, they said,…
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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 the affordability of healthcare for poor patients. Experts warn that the first ever sales tax…
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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 eleven months of this fiscal year was significantly lower compared to the same period last…
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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 conveyed these views during a meeting with Deputy Prime Minister and Foreign Minister Mohammad Ishaq…
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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. The market opened on a positive note following the Eid ul Adha holidays, with the…
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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 at odds with the Pakistan Muslim League-Nawaz (PML-N) over grievances regarding the money bill both…
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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 2023, the undocumented bottled water industry capitalised on health concerns, leading to significant price hikes.…
