Business

Demand simplification of sales tax, income tax regulations

More US interest rate hikes also seemed likelier

Chairman claims manufacturers are artificially inflating the price of steel, glass, and tiles

US and European equity funds witnessed outflows of $16.47 billion

Inter-corporate debt has already piled up to Rs447b

With 120 guest rooms and world-class amenities, the Hilton Garden Inn will provide an unforgettable stay

Sales witness 51% YoY decline, raising doubts about achieving AIDEP targets

JDS scholarship aims to impart public administration education to govt officials

According to the FBR’s Twitter handle, so far it has collected Rs3.035 trillion against the target of Rs3.026 trillion

Debt repayment contributes to decline of $482 million

Slim chances of Kyiv, Moscow agreeing to renewal of 5-year transit contract

Abu Dhabi Ports to invest $102m in infrastructure development

Surge outweighs low US oil supplies

Unreleased subsidies, interest on delayed payments contribute to swelling debt

$20b investments by friendly nations in projects boost sentiment

Unlicensed digital lending apps pose threat to bank depositors’ money

Negligence and system failure expose 67.5 million customers’ data

Exports of textile products already $3.5b lower compared to last year

Biggest package yet for industry as it seeks to boost slower auto sales growth

Has an annual demand of around 350,000 metric tonnes

OMAP chairman writes scathing letter, blames OGRA for distress caused to OMCs

Dar did not share details but says country is surviving without IMF

Work finished before start of high river flow season

Reach $236 million, despite decline of 1% year-on-year

Desires to make Gwadar international energy hub

Pakistan has been the ‘most loyal customer’ of IMF as it has approached global lender a whopping 23 times in 75 years

Yield on 10-year bond maturing in April 2024 spikes to record 119.5%

Cabinet committee met for the second consecutive day to explore avenues for raising funds

CEO says IMC is preparing to launch country’s first locally manufactured HEV

Experts call for promoting industrialisation, renewable energy sources

Are considered charged expenditures in which NA does not have right to vote

Survey shows export of meat and meat preparation expected to reach $302 million with a quantity of 69,072 tons

Spread between inter-bank, retail markets narrows to Rs5 to a dollar

If approved, KE consumers will bear additional burden of Rs2.78b

Businesspeople propose leveraging remittances in open market

Agreement will replace an interim pact that already provides reduction in customs duties

Share of Shariah-compliant assets and deposits has risen to 20.3% and 22% respectively

Drops 0.02% reaching Rs287.26/$, experts call for long-term measures

Project contributed over 18b units of electricity before blockade

Country achieves $255m surplus in May

It aims to collect Rs12 trillion, a staggering 38% increase from the previous year

Amendments to Pakistan Penal Code sent for cabinet’s nod

Aims to convert banking system to Shariah-based within five years

Govt may miss target of collecting Rs240b in revenue from tobacco sector

Expects to finalise new deal by the end of June 2023

Focus should have been on cutting expenses, broadening tax base

Aim is to boost remittances, promote export-oriented software industry, discourage oil demand

Govt fails to address issues of excessive spending, narrow industrial base

For Pakistan, imported coal is bad recipe, especially with current account deficit, huge price rise

Industry exports witnessed a YoY decline of 20% compared to May 2022