By Naveed Naqvi
ISLAMABAD: Come July 1, the price of electricity – that ubiquitous and most essential utility of our time – will climb even higher for households and businesses across much of Pakistan.
Ahmer Kureishi
ISLAMABAD: Minister of Finance Miftah Ismail addressing a press conference along with others at Pak Secretariat in Federal Capital. ONLINE PHOTO by Sultan Bashir dated June 11, 2022
Miftah Ismail’s ironclad case for super tax
By Staff Reporter
ISLAMABAD: A candid exchange over Twitter involving Finance Minister Miftah Ismail was reported here the other day as “a rare peek” into his approach to budget making. It turns out such peeks are anything but rare.
IHC chucks plea to interfere with legislation
ISLAMABAD: The Islamabad High Court Monday threw out another petition seeking changes to the voting procedure for overseas Pakistanis. The petitioner’s council said that the
OFFICIAL SEAL: Image courtesy IMF official website
Staff level deal with IMF likely this week
By Staff Reporter
ISLAMABAD: Pakistani authorities are expecting the International Monetary Fund (IMF) to share a draft Memorandum of Financial and Economic Policies (MEFP) in the next 24 hours, paving the way for a staff level agreement within this week.
SCREENSHOT: Finance Minister Miftah Ismail's official Twitter profile.
The importance of being Miftah Ismail
By Staff Reporter
ISLAMABAD: We suffer budgets annually and mostly survive them but seldom do we get a glimpse of the thought process going into the making of one in real time.
Interior Minister no-show at drugs case hearing
LAHORE: A special court for the control of narcotic substances in Lahore put off framing of charges against Interior Minister Rana Sanaullah in a drug
Pakistan hopes early, successful visit by FATF team
ISLAMABAD: Pakistan hopes a successful on-site visit by a team of the Financial Action Task Force (FATF), leading to early conclusion of the process to
Pakistan commiserates with Afghanistan over quake, flood destruction
By Staff Reporter ISLAMABAD: The people and government of Pakistan stand ready to extend all possible support to ameliorate the suffering of our Afghan brethren
The Plot: PSX plummeted after the announcement of super tax. Screenshot from PSX data portal.
Super tax: A bridge too far?
By Staff Reporter
ISLAMABAD: The government scrambled to control damage Friday after the announcement of a 20 percent super tax sowed panic among the markets, causing the PSX to lose 2,055 points or 4.81 value in a mere 20 minutes before trading was closed to stem further damage.
Image courtesy PSX
PSX crashes on news of super tax
By Staff Reporter
KARACHI: Pakistan Stock Exchange (PSX) crashed on Friday after Prime Minister Shehbaz Sharif announced to impose a 10 percent super tax on large-scale industries.