Business

Govt withdraws 3% tax on price differential to close window for legalising black money

Govt eyes collection of Rs359b against Rs486b in previous year

Proposes harsh, inflationary taxation measures to qualify for IMF programme

The Express Tribune reviews new taxes proposed in FY20 and imposed in previous years

Govt is coming after all those who looted public wealth, says Imran Khan

Benchmark index increases 92.3 points to settle at 34,659.85

Trump says further tariffs are ready to kick in if no deal is reached at G20 summit

Russia says it might support an extension in OPEC-led supply cuts

Amount is insufficient for Rs8tr worth of ongoing and new projects that will take 12 years

Minister of State for Revenue Hammad Azhar presents the budget

Grows just 0.85% due to water shortage in FY19 compared to 3.8% target

Improvement seen in electronics, engineering and wood products

It comes mainly due to setting up of new CPEC power plants

Commerce adviser meets PM to seek incentives under tariff rationalisation policy

Finance minister makes pitch for toughest ever budget

PSX hits three-year low at 34,567.55 points; rupee drops to 150.10

Significant amount will now be recovered under a deal with the IMF

The decline in reserves was attributed to payments on account of external debt servicing

Major increase of Rs1.2tr in public debt came from 44% rupee depreciation

Finance adviser makes pitch for toughest ever budget

Decrease comes on account of external debt servicing

Benchmark index decreases 2.64% to settle at 34,567.55

Major challenges during current fiscal year were runaway imports, swelling trade and current account deficits

US withdrawal of tariff threat against Mexico removed cloud over global economy

Inter-bank rate increases by Rs2.40

Experts discuss unpredictable fluctuations in sugar prices

Pakistan’s participation in fast growing halal market has so far been insignificant

Govt should distribute 2/3-wheel electric vehicles amongst poor

It is vital to bring policy innovations to ease burden on lower income group

May attract global fund managers but it will be at the cost of economy

Targets four million income tax filers in two years

Says efforts will be made to put minimum burden on the common man

Besides discouraging smoking, the move would generate revenue of Rs40 to Rs50 billion, says PM's focal person

Tech giants face criticism for cutting their tax bills by booking profits in low-tax countries

Holidays of field staff suspended to help them achieve tax collection targets

PM’s task force recommends putting privatisation policy on hold

Measures likely to be aimed at achieving Rs5.5tr revenue collection target, curtailing expenses

Govt has limited consignment weight on highway to 15 tons

Le Maire’s comments came only days after Fiat Chrysler pulled the plug on a proposed merger with Renault

The social media giant said it took the step after President Donald Trump’s order barring Huawei from US technology

Fellow members have treated Iran like an enemy alleges Oil Minister Bijan Zanganeh

Exporters and local suppliers divided over issue of withdrawal of tax concessions

Ministry grants licences to China Broadcasting Network and country's top three telecom operators

The US added just 75,000 net new positions in May, less than half the 180,000 economists had been expecting

Company official says no reason to change Mexico plans in wake of US threats

BMG chief believes it will lead to industry’s closure, cause unemployment

Consumers will likely foot the bill to meet demand from Norway’s growing fleet of electric cars

Special assistant says huge FDI will come from Egypt, Malaysia and Gulf states

Could also increase tax on interest income to 30%

Govt accepts demand of Chinese firm to revise tariff upwards for end-consumers