Business
Business
Government may impose a 70% Windfall Tax on bank profits
The government is considering imposing a 50% to 70% Windfall Tax on banking profits, similar to the one used in…
Millat Tractors stopped production in Pakistan
Millat Tractors, Pakistan's largest tractor manufacturer, has stopped production due to a lack of demand. According to details, Millat Tractors…
SBP reserves hit lowest since April 2014
As Pakistan paid external debts during a severe economic crisis, the State Bank of Pakistan's (SBP) foreign exchange reserves fell.…
Pakistan anticipates Saudi Arabia’s deposits in a couple of days
Finance Minister Ishaq Dar stated Saudi Arabia will increase its deposits in Pakistan "within days, not weeks." The rupee continues…
As imports fall, the trade deficit narrows to $17.13bn
In the first half of the current fiscal year, Pakistan's trade deficit shrank 32.65% to $17.13 billion as imports of…
Pakistan’s inflation reaches 24.5pc in December
The Consumer Price Index (CPI) shows an increase in inflation in Pakistan of 24.5% in December from 12.3% last year,…
Dar orders FBR to meet tax collection goals
Finance Minister Ishaq Dar has urged the Federal Board of Revenue (FBR) to achieve the tax collection target after missing…
Pharmaceutical companies threaten to stage protest
The pharmaceutical companies have warned the government to begin protests on January 5 country-wide if the federal government does not…
Pakistan decides to outsource three airports
The government resolved to hire international operators to handle Islamabad, Lahore, and Karachi airports to attract foreign investment and provide…