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Elon Musk loses $40 billion in 2024
Elon Musk, the owner of Tesla and X, has lost $40 billion of his net worth in 2024, which is regarded...
FBR imposes 25% sales tax on cars with over Rs4m price
The Federal Board of Revenue (FBR) has imposed a 25% sales tax on domestically manufactured or assembled cars if the invoice price...
IMF asks FBR to provide timeframe of unveiling retailers’ scheme
The International Monetary Fund (IMF) has asked the Federal Board of Revenue (FBR) for the exact timeframe for unveiling the simplified...
From IMFS’ loan, Rs129bn gas subsidies for consumers set to end by June
The government is required to do away with the cross-subsidy of Rs100 billion being provided to protected gas consumers and...
Pakistan likely to begin crucial talks with IMF next week
Pakistan will kick-start crucial talks with the International Monetary Fund (IMF) for the competition of the second review under the $3...
Renowned banker Muhammad Aurangzeb to be ‘appointed finance minister’
Renowned banker Muhammad Aurangzeb is all set to become the country’s next finance minister, sources said Tuesday, as newly-elected Prime...
IMF says Pakistan to do more
The International Monetary Fund (IMF) has recommended the Pakistani authorities to bring several dozen items into the standard rate of...
IMF wants tax burden on non-salaried, salaried class increased
The International Monetary Fund (IMF) has proposed the Federal Board of Revenue (FBR) to double the tax burden for salaried and...
SBP forex reserves dip below $8bn amid debt woes
The foreign exchange reserves held by the central bank fell by $63 million to $7.950 billion in the week ending...
India’s basmati rice exports to fall as Pakistan’s surge
India's basmati rice exports are likely to fall in 2024 after nearing a record high last year, as rival Pakistan...
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