Business

Unchecked extraction, skyrocketing prices fuel hidden market; threaten water sustainability

Pakistan’s FY25 budget aims to cut government debt to 68% of GDP, aided by inflation and lower interest costs.

Govt targets import substitution that will keep economy closed

Rebound in global wheat prices will reflect in domestic market in coming months

IMF approval signals green light, but taxation challenges, fiscal deficits loom

Trade curbs curtailed imports of capital goods and inputs required for productive activities

Rule: better economy, better market. Why then do we see inverse happening?

Insists poor should not be targeted for fiscal adjustments

AAM report stresses need to stem rising tide of cheap, subsidised exports threatening US jobs

S&P 500 ends barely lower after snapping four-day run of record closing highs

KSE-100 index records substantial gains of 2,953 points, settles at 76,707

Marathon Petroleum Corp remained the largest refiner in the United States, able to process up to 2.95 million bpd

Believe power tariff relief will accelerate industrial development

Experts warn higher taxes will hamper digitalisation, risk brain drain

Staggering 13.53 million professionals have sought work abroad as of April 2024

Chambers warn new tax proposals could harm exports, call for revisions to prevent economic downturn

Premier becomes head of committee, includes Ishaq Dar as member

Senate committee approves 75% withholding tax on non-filers’ phone, internet services

It reinforces Fatima Fertilizer's belief that their efforts go far beyond traditional marketing practices

Move likely to exacerbate inflation as indirect tax disproportionately affects low-income groups

Measures aim to raise Rs70b by cracking down on non-certified receipts

New route will initially start with frequency of two weekly flights

KSE-100 index jumps 498.61 points, settles at 76,706.77

Total gross receipts under RDA cross $8 billion mark

Consumers most affected by the inflation fell in the monthly income bracket of Rs22,889 to Rs29,517

Moody’s says budget will support talks with lender for Extended Fund Facility

CM unveils Rs30.7b allocation, introduces new initiatives to combat climate impact, rising costs

Say proposed tax hikes, penalties may undermine progress, deter foreign investment

Here is a overview of how individuals, businesses can file their income tax returns before the FBR deadline on Sept 30

After Rs10.69 cut, new electricity price per unit for the industrial and export sector is set at Rs34.99

Massive new taxes, including on milk and salaries, passed with minimal input

Adjustments in tax ratios, amendments to bills aim to balance inflation, revenue needs

Permits export of 150,000 tonnes of sugar on assumption of surplus stock

Contend local stocks are available, only products in deficit should be imported

Drastic decline highlights the urgent need for government intervention to support the sector

Regulated manufacturers welcome FED on raw materials, demand strict enforcement of policies

Index notches up largest one-day gain of 3,410.73 points, settles at 76,208.16

Foreign exchange reserves tick down $6 million due to official payments and settle at $9.10 billion

Budget proposals include imposition of sales tax on mobile handsets below $500 and 75% advance tax on telecom usage

Sweeping new taxes target non-filers, salaried individuals, and everyday goods

Bank officers to be penalised for failing to provide taxpayer information

Journalists stage protest against imposition of taxes on salaried employees before Aurangzeb’s post-budget presser

In post-budget press conference, the finance minister says petroleum development levy will be increased gradually

The prices of HSD and kerosene oil might also decrease

Budget includes a salary increase of 20 to 25 per cent and a 15 per cent rise in pensions

Pakistan expects rollover of $12 billion bilateral debt

MD says hike in capital gains tax on sale of stocks, dividend income to rejuvenate bourse

Plan includes significant hikes in levies on petroleum, natural gas to stabilise economy, meet IMF requirements

KSE-100 index gains 207.94 points, settles at 72,797.43

Farmers face uncertainty as federal allocations drop amid rising costs, growth concerns