By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif Friday said the new budget will bring a 10 percent super tax on major industries and a progressive tax on the income of those earning more than PKR 150 million, with the proceeds being spent on poverty alleviation measures.
By Staff Reporter
KARACHI: The Pakistani rupee continued its rally against the US dollar overnight on Thursday after staging an initial recovery Wednesday on the back of multiple positive reports concerning the government’s macroeconomic options.
By Staff Reporter
KARACHI: The Pakistani rupee bounced back against the dollar in the morning trading Wednesday on the news of the authorities’ reaching a broad deal with the International Monetary Fund (IMF) on budgetary targets.
By Staff Reporter
ISLAMABAD: President Dr Arif Alvi has returned the National Accountability (Amendment) Bill, 2022 unsigned to the prime minister’s office, his Secretariat said Monday, referring to a bill that became enacted as a law a day before.
By Staff Reporter
ISLAMABAD: The government’s hopes of slashing the budget deficit by half bombed as provinces posted a meagure surplus of Rs91 billion instead of Rs800 billion for the next fiscal.
By Staff Reporter
ISLAMABAD: Pakistan’s talks with the International Monetary Fund (IMF) on $6 billion bailout deal is trudging closer to the finish line, and the south Asian country could receive the stuck-up disbursement within the current month, sources said on Wednesday.
By Staff Reporter
KARACHI: The rupee hit a new record low against the US dollar in early Tuesday trade as the relentless surge in global crude oil prices raised concerns about a sustained rise in imported inflation, while a shortage of dollars threatens to spiral into a fullblown crisis.
By Staff Reporter
KARACHI: The State Bank of Pakistan’s (SBP) foreign currency reserves have dropped to levels worth just six weeks of imports, latest figures showed on Thursday.
Staff Reporter
ISLAMABAD: A senior judge has said a case can be opened against the PTI Chairman Imran Khan for mocking the Supreme Court of Pakistan by inciting violence during the long march on May 29, 2022 in a breach of his own given word.
By Staff Reporter
The debates, the doubts, and the drama over whether the country goes to vote` before the end of this regime’s tenure or not have died down for now.
