Pakistan's trade deficit with its nine neighboring countries surged by 40.42%, reaching $6.379 billion in the first seven months of FY25, compared to $4.543 billion in the same period last year. The widening trade gap was mainly Read More...
The Federal Tax Ombudsman (FTO) has instructed power distribution companies (DISCOs) to impose an 18% sales tax on electricity provided to solar net metering customers, citing a significant revenue deficit of Rs9.8 billion. The directive, issued on Monday, requires both the Federal Board of Read More...
The local cotton market faced continued pressure on Monday, extending its downward trend from previous weeks. Trading activity remained subdued as market participants adopted a cautious approach amid ongoing uncertainty.
According to cotton analyst Naseem Usman, cotton prices in Sindh are Read More...
For the week ending February 20, 2025, the Sensitive Price Indicator (SPI) saw a modest weekly increase of 0.27%, signaling a slight rise in inflation. On a yearly basis, the SPI grew by 1.2%, which is a more stable figure compared to the higher inflation observed in mid-2024.
The Read More...
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The International Monetary Fund (IMF) has expressed its appreciation for Pakistan’s dedication to conducting a Governance and Corruption Diagnostic Assessment (GCD) and anticipates ongoing collaboration in the future.
A scoping mission led by Joel Turkewitz from the IMF recently traveled Read More...
The federal government has announced a reduction in the returns on Conventional Naya Pakistan Certificates (NPCs), following a significant decline in the policy rate over the past six months. This marks the first adjustment in NPC returns since the State Bank of Pakistan (SBP) initiated monetary Read More...
The International Monetary Fund (IMF) has emphasized the urgent need for comprehensive tax reforms in Pakistan, pointing to the country's inadequate revenue generation and its over-reliance on formal sectors for taxation.
Speaking at the “Retail Reimagined: Innovate, Collaborate & Read More...
The federal government has promised to reassess the 18% sales tax on packaged milk after concerns raised by the Pakistan Dairy Association (PDA) regarding the negative impact on prices, sales, and the growing shift to unregulated loose milk.
The controversial 18% General Sales Tax (GST), Read More...
The Economic Coordination Committee (ECC) convened on Thursday under the leadership of Finance and Revenue Minister Senator Muhammad Aurangzeb at the Finance Division, Islamabad. The session focused on crucial economic issues and resulted in several key approvals.
Attendees included Read More...
Tarek Hamdy, the CEO of Eighteen Housing, recently engaged with a select group of journalists to emphasize the critical role the real estate industry plays in driving national economic growth. During discussions about the government’s upcoming relief package, Hamdy strongly advocated for placing Read More...
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