Business
Business
Prime Minister Maintains 15% Bank Tax Amid Fiscal Pressures
The continuation of the additional 15% income tax on banks in Pakistan is anticipated following Prime Minister Shehbaz Sharif's directive…
IMF Raises Concern Over Pakistan’s Pension Liabilities in 2024-25 Budget
The International Monetary Fund (IMF) has raised concerns regarding the substantial pension liabilities for public servants highlighted in Pakistan’s 2024-25…
Pakistan Faces Potential Electricity Tariff Hike of Rs3.41 Per Unit
Media reports suggest that Pakistan's power tariff may rise by Rs3.41 per unit due to the monthly fuel adjustment (MFA).…
Pakistan to Abolish 15% Additional Tax on Bank Profits Amid Fiscal Pressures
Despite economic challenges, the government might eliminate a 15% additional income tax on bank profits from loans to the financially…
Pakistan to Increase Petrol and Diesel Prices Starting July 1
Petrol and high-speed diesel (HSD) prices are set to increase from July 1, reversing the trend of four consecutive price…
Volkswagen Recalls 271,000 Vehicles in U.S. for Faulty Wiring Affecting Airbags
On Wednesday, the U.S. auto safety regulator announced that Volkswagen recalled over 271,000 vehicles due to a wiring fault that…
K-Electric Seeks Rs10.69 Price Hike, Schedules NEPRA Hearing for June 27
K-Electric (KE) has requested government approval to increase its power tariff by Rs10.69/unit, targeting Rs44.69/unit for fiscal year 2023-24. This…
Privatization of Pakistan International Airlines Set for Early August 2024
Pakistan International Airlines (PIA) will be privatized during the first week of August 2024, and six companies have been shortlisted…
Pakistan’s Stock Market Tops Asia in Performance for 2024
Despite economic challenges, Bloomberg recognized Pakistan's stock market as Asia's best-performing market in 2024. The KSE-100 index saw a 27%…