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Default Level: SBP forex reserves hit 32-month low of $8.2bn
By Staff Reporter
KARACHI: State Bank of Pakistan’s (SBP) dollar stockpile hit a 32-month low of $8.2 billion from $8.99 billion last week, latest numbers revealed on Thursday, which leaves the country with an import cover for just 1.21 months, but a top-up of likely $2.3 billion from Chinese banks could lift them to a less critical level.
Salaried, business class brace for more taxation shocks
By Staff Reporter
ISLAMABAD: The government is brainstorming ways and means to wring more taxes out of salaried/business class, high earners and sectors like tobacco, beverages, steel, etc before closing the budget document for next fiscal.
Wealthy Targets: PM announces ‘Robin Hood’ tax
By Staff Reporter
ISLAMABAD: The government has finally decided to go after the wealthy to make them cough up higher taxes on top of rationalising the tax regime to ensure it’s equitable, Prime Minister Shehbaz Sharif said on Thursday.
IT, telecom assured of govt support
By Staff Reporter
ISLAMABAD: Finance Minister Miftah Ismail on Thursday assured the IT and telecom sectors to consider their proposals for tax concessions.
Reckoning for Justice (R) Javed Iqbal?
By Staff Reporter
ISLAMABAD: Tayyaba Gul claims she shared the video with the then prime minister in the hope the perpetrator of injustice against her would be brought to justice.