Business

IT minister skips key summit as GSMA flags high taxes, low spectrum access

Industrial Policy Committees suggest slashing tax rate to 26% in 3 years; call for export-friendly measures

Allows import of essential medicines for use in hospitals, institutions only

Total deposits stand at $19.5b; gold soars Rs2,900/tola

Approvals in just 2-hour meeting raise questions over scrutiny, IMF compliance

Refinery makes first such purchase amid shift towards cheaper options

KSE-100 index adds 559 points as govt softens tax enforcement drive

Initiative cuts power sector losses by Rs191b, prevents over-billing

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500,000-barrel, light-sweet crude cargo expected to load later this month, arrive in Karachi by late September

KSE-100 index adds 559 points as govt softens tax enforcement drive

They also recommended the inclusion of companies availing relief under SBP Circular No 29

Rupee slips after 10-day rally to 282.67/$; gold gains Rs1,300/tola

Chawla offered to reduce the IDC to 1% and keep it at that level for three years

Tax officials must consult business reps before arrest; rollback seen as blow

Pakistani professionals undergo training in water conservancy technology

ADB, APTMA explore opportunities for increase in textile exports

Index powers past 145,000 on robust banking sector performance

Plan for relocation of Chinese industries to be presented during PM Sharif visit

LUMS study shows potential for growth, calls for flexible labour laws, digital upgrades, and SME-friendly regulation

Initiative aims to address logistical hurdles, lack of representation, and high commission fees paid to intermediaries

Chief collector says post-clearance audit report still awaited; reforms aim to speed up clearance, tighten checks

Massive under-invoicing and money laundering uncovered in clearance of luxury vehicles

KSE-100 index powers past 145,000 on robust banking sector performance

Price of 24-karat gold per tola rose by Rs1,300

New chairman will have to grapple with decisions taken by acting management

Govt to recover Rs122b from car owners to fund green vehicle scheme

KSE-100 index rises 985 points, powered by local and foreign inflows

New ventures aim to boost transshipment, industrial relocation, and port throughput

Business conference in Sept will serve as platform to foster partnerships

Exporters say the changes will block billions in sales tax refunds

Key questions on $1b investment plan, financial health, and tower strategy left unanswered

Gains Rs2.40 to 282.57/$; govt plans to borrow Rs6.2tr in Aug-Oct'25

Decision raises concerns over disruption, delays in World Bank-funded IT upgrade, FBR faces criticism

Competing against 2,000 startups, streaming platform secures Rs420m deal

KSE-100 index rises 985 points, crosses 143k on strong local and foreign inflows

Finance ministry says scheme to be fully funded, Rs30b may be approved soon

Urges removal of trade barriers, promotion of barter trade, energy cooperation

Index rises past 142k on TFC payment to OGDC, hopes about cement sector results

Governor announces Rs20b for Karachi's development as leaders call for infrastructure upgrades, stronger business-gov

Shipping service will boost regional linkages, economic activity via sea

Cabinet body directs Railways Division to explore domestic financing alternatives

LCCI says August 14-15 event will promote self-reliance; SMEs and youth entrepreneurs to take centre stage

Capacity payments drop by Rs53.714b; circular debt also cut by Rs780b on power sector reforms

Climbs Rs2.31 over nine sessions; gold prices surge to Rs359,500/tola

Key points considered were boosting agricultural trade

Index rises past 142k on TFC payment to OGDC, hopes about cement sector results

There was unlikely to be a major impact on prices