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IMF proposes high income tax | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has proposed to tax the upper middle and rich income groups, who earn in the range of Rs104,000 to Rs1 million a month, at a single rate of 30%. The proposal indicates inequity…
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PSO’s receivables reach record high | The Express Tribune
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[ad_1] ISLAMABAD: The receivables of Pakistan State Oil (PSO) have swelled to an all-time high at Rs489 billion as the company’s several clients failed to pay their bills for fuel supplies, say industry players. Though the company has posted the…
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Brent crude soars to near 14-year high of $140 per barrel
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[ad_1] The prices of Brent oil have risen to a near 14-year high of $140 per barrel — AFP NEW YORK: Brent crude oil prices soared to a near 14-year high of $140 per barrel on Sunday as traders fretted over the…
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Trade deficit stays high at $32b | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s trade deficit remained significantly high at $32 billion in the first eight months of current fiscal year as the pace of increase in exports stood at nearly half of the surge in imports, making the government’s external…
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Petroleum imports touch record high | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s petroleum import bill hit a record high of $11.69 billion in the first seven months (July-January) of current fiscal year 2021-22 mainly due to a surge in energy prices in the global market and partly due to…
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UK annual inflation hits fresh 30-year high
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[ad_1] A customer shops for meat at a Sainsbury’s supermarket in Walthamstow, east London on February 13, 2022. UK annual inflation struck 5.4% in December, stoking fears of a cost-of-living squeeze as wages fail to keep pace. — AFP LONDON:…
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Oil drops from 7-year high | The Express Tribune
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[ad_1] Oil dropped from a seven-year high to around $94 a barrel on Tuesday, pressured by a report that some troops in Russia’s military districts adjacent to Ukraine are returning to bases, a move that could de-escalate tension between Moscow…
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Petrol prices likely to hit all-time high in Pakistan
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[ad_1] The well-placed sources said that petrol and diesel prices may go up by Rs13 and Rs18 per litre from February 16. -File photo ISLAMABAD: The prices of petroleum products are expected to hit an all-time high in Pakistan as…
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Oil steadies near seven-year high on Ukraine-Russia tensions | The Express Tribune
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[ad_1] LONDON: Oil steadied on Monday after earlier hitting its highest in more than seven years on fears that a possible Russian invasion of Ukraine could trigger US and European sanctions that would disrupt exports from one of the world’s…
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Remittances hit record high at $18b | The Express Tribune
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[ad_1] KARACHI: Pakistan has received record high workers’ remittances of $18 billion from the expatriates in first seven months (July-January) of current fiscal year 2021-22, however, the inflows shrank to 17-month low in January 2022. Remittances rose 9% to $17.95…
