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.
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ISLAMABAD: Prime Minister Mian Muhammad Shahbaz Sharif presides the meeting of Federal cabinet at PM Secretariat in Federal Capital. -File photo
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.
Justice (R) Javed Iqbal, former Chairman National Accountability Bureau (NAB). Photo courtesy NAB
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.
WASHINGTON DC: Colin D’Silva, Vice President, Cargill, Inc., in meeting with Masood Khan, Pakistan’s Ambassador to the United States. Handout photo.
US farm conglomerate eyeing investment in Pakistan
By Staff Reporter
KARACHI: The global food conglomerate Cargill, Inc., plans to enhance and diversify its investments in Pakistan in the fields of agriculture and bio industry, reports coming from the Embassy of Pakistan, Washington DC say.
ECC: Re0.571/unit tariff rationalisation for KE approved
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved quarterly adjustments of 57 paise per unit in July, August and September bills of K=Electric consumers to adjust Rs90 billion outstanding cost of electricity consumed by the city residents five years back.
Iron brother to the rescue with a $2.3bn lifeline
By Staff Reporter
ISLAMABAD: With Pakistan well on its way to having the International Monetary Fund (IMF) revive a stalled bailout package it urgently needs, news came on Wednesday that a consortium of Chinese banks has thrown Islamabad a credit line of over USD 2 billion.
Dwindling forex reserves: Pakistan plans to issue dollar sukuk in 2022
By Staff Reporter
ISLAMABAD: The government plans to raise much needed millions of dollar in debt via an Islamic sukuk bond later this calander year amid growing concerns about the country’s dwindling foreign currency reserves.
Bitter Pills: PM signs off on IMF prescription to heal economy
By Staff Reporter
ISLAMABAD: Country’s economic managers on Monday hashed out the ‘tough conditions’ tied to the resumption of the IMF loan programme with Prime Minister Shehbaz Sharif and got a final go-ahead.
Forex Shortage: SBP curbs importers’ access to dollars
By Staff Reporter
KARACHI: The central bank has made importers’ access to dollars comparatively difficult by directing banks to come to it first before making a transaction of $100,000 for any import payment in a latest bid to conserve hard US currency, media reported quoting sources on Monday.
President Arif Alvi
Unpresidential: Alvi hews to party line
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.