BUSINESS
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‘Up to 193% gas price hike’ expected from October 1
The government is gearing up to announce up to a 193% hike in the price of gas, effective from October...
World Bank asks Pakistan to tax agricultural, real estate sectors
The World Bank has asked Pakistan to tax the agricultural and real estate sectors and recommended the merging of salaried...
SECP warns public against investing in fraudulent schemes
The Securities and Exchange Commission of Pakistan (SECP) has advised the general public against investing in fraudulent investment schemes of...
Govt drops electricity bomb on Karachiites
Karachi residents will have to pay increased electricity bills as the National Electric Power Regulatory Authority (Nepra) has decided to...
FBR considering slapping a fixed tax on retailers based on shop size
The Federal Board of Revenue (FBR) is considering slapping a fixed tax between Rs1,000-Rs5,000 per month on 3.6 million retailers...
Customers’ deposits are ‘perfectly safe’, clarifies State Bank
Categorically rejecting media reports claiming deposits over Rs500,000 are unsafe in the banking system, the State Bank of Pakistan (SBP)...
World Bank slashes Pakistan’s GDP projection to 1.7% for ongoing year
The World Bank (WB) has projected that Pakistan’s GDP growth will be at 1.7% in the current fiscal compared to...
11-month economic slump ends, as exports increase in Sept
The Pakistan Bureau of Statistics (PBS) reported an increase in exports by 1.15% to $2.465 billion in September 2023, for the first...
Pakistan’s inflation surges to 31.4% as energy costs skyrocket
Pakistan's Consumer Price Index (CPI) based inflation rate jumped to 31.4% year-on-year, rising from 27.4% in August, data from the...
Petroleum prices likely to fall from Oct 1
The petroleum prices are expected to go down from October 1 (tomorrow) following the stability in the Pakistani rupee against...
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