Business
Business
Pakistan’s Forex Reserves Decline by $540 Million
Pakistan's foreign exchange reserves held by the State Bank of Pakistan (SBP) declined by $540 million during the week ending…
Trump Announces 25% Tariffs on Foreign Cars and Auto Parts
On March 26, 2025, President Donald Trump announced that a 25% duty and new tariffs on all foreign-made cars, light…
Federal Government Halts Additional Taxes on Solar Energy Users
The federal government has ceased imposing extra taxes on solar energy users and has called for a comprehensive review of…
Pakistan, IMF Reach Staff-Level Agreement on EFF New $1.3b RSF Fund
The International Monetary Fund (IMF) and Pakistan have successfully concluded the first review of Pakistan's Extended Fund Facility (EFF) and…
Sindh Reports 37% Growth in Mid-Year Tax Collection
Sindh's tax collection has risen by 37%, achieving over half of the annual target with Rs312 billion collected in just…
Salaried Class Pays Rs331 Billion in Taxes, Outpaces Retailers
Pakistan’s salaried class paid a staggering Rs331 billion in income taxes from July to February this fiscal year, dwarfing retailers’…
PSX Plunges 2,000 Points as IMF Tariff Concerns Spook Investors
The Pakistan Stock Exchange (PSX) suffered a sharp reversal on Monday, with the benchmark KSE-100 index plummeting 2,002.55 points (1.69%)…
India Scraps $23 Billion Manufacturing Incentive Program
India’s government, led by Prime Minister Narendra Modi, has decided to end a $23 billion initiative to boost domestic manufacturing.…
Gold Prices Drop for Second Consecutive Day
Gold prices declined for the second consecutive day in both international and local markets. In the international bullion market, the…