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Industrial policy a game changer
Exportable industrial production, quality IT services form basis of development
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Moving towards EVs - prospects and challenges
Despite offering incentives, Pakistan has not attracted any investors for assembling electric cars
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Budget must be incentives-free
While people expect some relief, best relief is cut in public spending
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High corporate tax rates – a barrier to MNCs
Burdening tax-compliant sector more may lead to disinvestment as has already been witnessed
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No decision on removing duty on man-made fabric
Competing forces stand in way of reducing cost of doing business
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PSX slumps over pre-budget, policy rate worries
KSE-100 index loses 2,124 points, or 2.8% WoW, settles at 73,754
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Central bank expected to make modest rate cut
Experts see reduction of 100-200 bps reflecting inflation, IMF recommendation
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Businessmen for cooperation with AJK
AJK minister for small industries visits Lahore Chamber
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CCP, China’s regulator to boost collaboration
MoU aims to enhance bilateral cooperation in the field of competition law and policy
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Wealth fund opposes Musk’s $56b package
The fund is Tesla’s eighth-biggest shareholder, according to LSEG data
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Lack of data may impede urea subsidy
All provinces, excluding Punjab, have not digitalised land record
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Talks with IMF end without agreement
Disagreement persists over ‘irrational demand’ for high taxes on salaried class
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Political chaos, exorbitant energy cost listed as key challenges
Ex-minister says country can grow rapidly if these problems are resolved
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NEC finally gets a shape before next week meeting
Chief ministers of all four provinces are also the constitutional members of the NEC
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Kenya releases rice containers
Shipments had been detained due to delay caused by Red Sea situation
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PSX posts modest fall on investor caution
KSE-100 index loses 108.91 points, settles at 73,754.02
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Rupee rallies on hopes of big IMF package
Currency hits three-week high at Rs278.20 vs dollar
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Weekly inflation rises 0.45%
SPI increases for second week in a row, driven by high food prices
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Shaza Fatima meets Chinese IT minister
The two sides shared implementation reports of the six working groups under the Joint Working Group (JWG)
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PIA blamed for violation of loan conditions
ECC directs airline to submit financial projections including income, expenses
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PM Office steps in on OMCs’ request
Oil marketing companies seek recovery of Rs26b exchange rate loss
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Govt mulls 2.5% tax on retailers
Proposal has potential to add hundreds of billions of rupees to tax receipts
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How come Islamic Banks pay consistent returns?
Discover answers to the most commonly asked questions about Islamic banks nowadays
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Gold prices remain stable
The rates for both per tola and ten grams of silver have also remained unchanged.
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President removes hurdle to sacking DISCOs’ boards
Promulgates ordinance that empowers govt to remove independent directors of SOEs
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Fintech raises $5m for business expansion
Plans to register 0.5m Pakistani freelancers and help them increase market share
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Govt may use reserves to repay debt
Pakistan has to make large repayments that will keep default risks high
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China urges US to abide by market principles
Mao says China’s new energy products, including electric vehicles, are gaining popularity in international market
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Reserves rise to $9.11b on dollar buying
Rupee remains under pressure, closes at Rs278.39/$
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Cabinet turns down request for animal import
Cites FMD risk as food security ministry seeks one-time easing of rules
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Bears maintain grip at PSX over policy rate fears
KSE-100 index drops 356.51 points, settles at 73,862.93
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Over 50% industrial units shut down
Industrialists demand immediate govt action to avert impending disaster
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PIA bidder proposes reinvestment of proceeds
Says it will help fix airline’s issues, make profit in future
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ADB approves $250m expensive loan
Loan will help govt drive infrastructure investment via public-private tie-up
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Businessmen demand action against crimes
Warn of staging sit-in, strike if criminals are not arrested
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Stocks under pressure over policy rate concerns
KSE-100 index drops 447.22 points, settles at 74,219.44
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PSX against tax-driven distortions in asset classes
Calls for aligning CGT rates with tax applicable to real estate
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Reduction in power tariff demanded
Electricity prices to be reduced to 9 cents per unit for all industries while contracts with IPPs to be revisited
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Rupee stable on demand-supply equilibrium
Currency briefly extended gains by Rs0.13 and reaches intra-day high at Rs278.17 against greenback
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Auto sector seeks tax rationalisation
Insists increase in duties will help regulate excessive import of used cars
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Telecom firms barred from sharing information
Cabinet approves policy directives covering operations and installations of companies
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Stocks slump as budget uncertainty prevails
KSE-100 index nosedives 908.60 points, settles at 74,666.66
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Rupee rises following oil price fall
Currency has largely remained stable as it continued to move in range of Rs278-278.50/$ over the past several weeks
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Researchers seek incentives to promote organic farming
Propose shift to natural farming as such crops are toxin-free, not harmful to health
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Cigarette taxes cause heavy revenue loss
Study advocates effective tax policy to curb evasion, provide level playing field
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Led by exports, cement sales increase 8% in May
Industry asks govt to address concerns in upcoming budget
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Textile millers demand competitive tariff
Call for restoring zero-rated sales tax facility
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Petroleum levy collection target surpassed
Govt receives Rs907b against target of Rs869b with one month to spare
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Govt faces hard choices
Considers whether to scrap 15% tax on banks or collect more
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Poor people pay more taxes
Burden rises because of increase in share of indirect taxes to 85%