Business
Business
Rs180bn tax exemptions to be withdrawn next year
Islamabad: A high-powered committee has decided to withdraw tax exemptions worth Rs180 billion, or 0.5 per cent of gross domestic…
Zero-rating status for key exportables proposed
Islamabad: The commerce ministry has proposed zero-rating for major exportable products in the next budget. The major exportable items are…
Govt. mulls over War Tax option for high income individuals
In an effort to raise funds for the war against terror, the government is likely to levy an income tax…
Govt plans to spend Rs1.4tr on development
Islamabad: The Annual Plan Coordination Committee (APCC) meets today to finalise around Rs1.4 trillion development programme, aimed at achieving 5.5…
Mango exports fetch $1.1m in five days
Karachi: Pakistan has exported around 2,200 tonnes of mangoes, fetching $1.1 million, since the start of export season on May…
KSE Market Watch: Market in the Black
The monetary policy announcement over the weekend provided some much-needed relief, where the government reduced the discount rate to a…
Rise in value-added textile exports
The export of textile goods grew by a marginal 2pc to $1.08bn in April, according to data released by the…
HSBC to impose charges on bank deposits in some currencies
HSBC has become one of the biggest global banks to say that it will begin charging clients on deposits in…
Bank assets dip
The government raised Rs61.683bn from the auction of Pakistan Investment Bonds of various tenors last Wednesday. Of the total, three-year…