Business
Business
New Federal Budget Draft Proposes Rs6 Trillion Deficit, Tax Hikes, and Government Employee Benefits
A proposed federal budget containing a deficit of over Rs6 trillion is set to be presented to the cabinet and…
Pakistani Rupee Makes Significant Gains Against US Dollar
In a noteworthy development, the Pakistani rupee has made considerable strides against the US dollar, shrinking the difference to Rs13.…
Govt’s Contemplated Income Tax Amendment: Import $100,000 Without Source Disclosure
Pakistan's government is considering changing the Income Tax Ordinance Section 111 (4), allowing citizens to bring in up to $100,000…
Pakistan’s Economic Survey 2022-23 to Unveil Today: Overview of Major Socio-Economic Developments
The Federal government will unveil the Economic Survey of Pakistan 2022-23, a pre-budget report presenting a comprehensive review of the…
Pakistani Rupee Stabilizes Against the US Dollar in Open Market
The Pakistani Rupee has shown signs of recovery in the open market with a notable increase against the US dollar,…
Tesla’s Strategy Shift Maximizes Federal Credits for Entire Model 3 Range
Tesla Inc's swift alteration of its battery supply chain has allowed all models of its Model 3 vehicle to be…
Government Considers Hiking Petroleum Levy Rates to Record High
The government is contemplating a hike in the petroleum levy rates to an all-time high of Rs60 per litre on…
World Bank Predicts Slower Growth for Pakistan Amid Economic Pressures
The World Bank's latest Global Economic Prospects report projects that Pakistan's economy will grow by 2% in the next fiscal…
Proposed Increase in Taxes on Luxury Items in Pakistan’s FY2023-24 Budget
In the fiscal year 2023-24 budget, the federal government is considering a tax hike on cell phones, automobiles, and other…