Govt struggles to fund SIFC
ISLAMABAD: The Ministry of Finance has not yet given the budget of Rs400 million to the newly setup civil-military led…
Big retailers exempt, salaried class burdened with additional taxes
ISLAMABAD: Over half of the integrated 9,082 big retailers will exit the Federal Board of Revenue (FBR) system due to…
IMF says implementation of SBA crucial to Pak's economic future
The International Monetary Fund’s (IMF) Director of Strategic Communications Julie Kozack has said that “steadfast implementation” of the nine-month Stand-by Arrangement (SBA)…
Banks record strong deposits, lend most of it to government
KARACHI: Pakistan’s commercial banks witnessed remarkable growth in deposits during the previous fiscal year 2023. However, almost 80% of these…
ECC members air concern over high electricity cost
ISLAMABAD: Economic policymakers have aired serious concerns over the high cost of electricity generation by K-Electric (KE) and sought a…
PRA to tax video streaming, social media platforms
LAHORE: The Punjab Revenue Authority (PRA) has announced its decision to impose taxes on all video streaming and social media…
IMF sees ‘pockets of resilience’
The International Monetary Fund (IMF) said on Thursday that first quarter global growth slightly outpaced projections in its April forecasts,…
Capital inflows help rupee recover against USD in interbank market
KARACHI: The Pakistani currency improved by Rs2.14 to Rs275.34 against the US dollar in the interbank market on Thursday morning…
Global investors plan to pour $7.1b into Turkey
ISTANBUL: Members of Turkey’s International Investors Association (YASED) are planning $7.1 billion of direct investment in Turkey in the next…
Call to improve trade among SAARC members
LAHORE: Punjab Governor Balighur Rehman has said that Pakistan is fully committed to improving regional trade among Saarc member countries…