Tribune
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KEPZ investors urge government to withdraw general sales tax | The Express Tribune
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[ad_1] KARACHI: Businessmen have urged the government to withdraw the general sales tax (GST) imposed on the industries in Karachi Export Processing Zone (KEPZ). Talking to The Express Tribune, businessman Ahsan Ali, operating in KEPZ, underlined that all export processing zones worldwide “are duty-free zones”. He mentioned that the government applied GST only in KEPZ,…
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FBR starts taxing offshore firms | The Express Tribune
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[ad_1] ISLAMABAD: For the first time, the government has started taxing the income of offshore companies owned by Pakistanis, beginning the journey towards collecting taxes from the wealthiest families that route their local income through foreign channels to avoid paying taxes. The step, taken last week by the Automatic Exchange of Information (AEOI) Zone of…
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Businessmen keen to hold meetings with Afghan delegation | The Express Tribune
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[ad_1] ISLAMABAD: The boom in regional trade is largely dependent on relaxation of trade relations with Afghanistan, said Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir. Speaking to the APP on Monday, he said that massive opportunities were available for Pakistan with regard to promotion of trade with Afghanistan and Central Asian…
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Envoy seeks Bahrain investment in food industry | The Express Tribune
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[ad_1] MANAMA: A long-term plan is being worked out to transform bilateral ties between Pakistan and Bahrain into a strong economic partnership to create a win-win situation for both countries, said Pakistan’s Ambassador to Bahrain Muhammad Ayub. “I see a lot of mutually beneficial opportunities in the areas of trade, investment, food security, energy, tourism,…
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Tunisia hopes for trade deal with Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: There are bright prospects of a preferential trade agreement (PTA) between Pakistan and Tunisia and such a deal can potentially expand bilateral trade between the two countries, said Tunisia’s Deputy Head of Mission to Pakistan Dorsaf Maaroufi Arfaoui. Talking to APP on Sunday, she said that several rounds of negotiations had been held…
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Govt relaxes housing finance rules | The Express Tribune
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[ad_1] KARACHI: A vulnerable section of society, belonging to the low-income group, will be able to own a house after the government cut the cost of housing finance, increased subsidy and enhanced the debt repayment period under the low-cost housing schemes. “In view of the feedback received from various stakeholders, the government of Pakistan (GoP)…
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Market watch: Stocks dive on geopolitical tensions | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange came under selling pressure on Monday as investors took cue from the surging global crude oil prices amid rising geopolitical tensions, which sparked fears of increase in inflation in the country in the wake of expensive imports. The benchmark KSE-100 index spent most of the day in the red…
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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 top producers. Brent crude was up $0.11, or 0.1%, at $94.55 a barrel by…
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CPEC – a hope for boosting tea plantation | The Express Tribune
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[ad_1] ISLAMABAD: Pakistanis have proved to be real tea lovers not only in drinking it regularly two to three times a day, but also offer it to the visiting guests as the best source of hospitality. Pakistan is now ranked among the top tea importing and consuming countries with total tea imports valuing at $590…
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A few essentials for economic security | The Express Tribune
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[ad_1] KARACHI: The government on December 28, 2021 approved the National Security Policy along with simultaneous approval of International Monetary Fund (IMF)-driven State Bank of Pakistan (SBP) bill, later ratified by parliament as well. Many consider the bill as a compromise on economic sovereignty. This article is an attempt to prove that how the bill…
