In a bold move to expand the tax base, the Federal Board of Revenue (FBR) in Pakistan is set to take legal action against a diverse group of professionals, including doctors, lawyers, and industrialists. As part of the initiative, FBR plans to register members from various associations and service providers, specifically lawyers and tax advisers […]
The Asian Development Bank (ADB) has approved a $180 million loan to improve water supply and solid waste management services in two rapidly growing cities in Pakistan’s Punjab province. The project will help make municipal services in these two cities more sustainable, resilient, and less carbon-intensive. Key Points of the Project: Details of the Project: […]
Customs Intelligence has filed a First Information Report (FIR) against the owner of M/s Food Links International, Shahid Huda, and Muhammad Manaf, the clearing agent from M/s Danish International Karachi. The complaint alleges their involvement in the under-invoicing of vegetable oil and related products, causing substantial losses to the government through the use of fake […]
In certain regions, employers are increasing living allowances, but they are decreasing them for new hires. Dubai There’s good news for job searchers in the UAE looking for professional service positions—including those in IT, HR, finance, and accounting—as their pay is rising by 2% annually. In recent months, pay scales have stabilized, and this trend […]
Fuel prices in Pakistan are on the verge of a substantial reduction, promising a significant relief for the nation’s consumers. It is anticipated that the cost per litre could plummet by as much as Rs. 18. Initial projections indicate a potential decrease of Rs. 5-6 per litre for High-Speed Diesel and a substantial drop of […]
An International Monetary Fund (IMF) delegation is set to arrive in Pakistan on November 2 to conduct the initial assessment of the country’s $3 billion standby arrangement (SBA). IMF Mission Chief to Pakistan, Nathan Porter, will lead the delegation. The visit follows Pakistan’s approval of the loan program earlier this year, which helped avert a […]
The dollar rate in Pakistan has always been a topic of paramount importance, not only for the country’s economy but also for the everyday lives of its citizens. For a nation that relies on imports and exports, foreign exchange rates play a pivotal role in determining the cost of goods, travel expenses, and overall economic […]
Honda Motorcycle Company, the largest bike manufacturer in Pakistan, has announced a significant price reduction on its top models, including Honda CD 70 and CG 125. This is welcome news for motorcycle enthusiasts who have been waiting for a chance to get their hands on these quality Honda motorcycles at more budget-friendly rates. What are […]
Pakistan’s population has surged to 241 million in the 2023 census, with a growth rate of over 2.55%. If this trend continues, the population is projected to reach 263 million by 2030 and 383 million by 2050. This rapid growth poses a significant challenge to Pakistan’s development and sustainability. Fertility Rate and Family Planning In […]
[October 13, 2023, Karachi & Lahore] – Daraz Pakistan, the country’s leading online marketplace, celebrated the successful launch of its inaugural eCom Summit 2023, which was held in the dynamic cities of Lahore and Karachi, as well as Sialkot, Peshawar, Islamabad, Multan, and Faisalabad. This breakthrough event drew over 4,000 merchants and brands, as well […]
ISLAMABAD: According to ARY News, the caretaker federal administration is set to authorize a large increase in petrol tariffs of up to 200% as well as an increase in fixed costs for protected consumers. According to ARY sources, recommendations have been sent to the government to increase fixed charges on protected consumers. The caretaker federal […]
As the public health crisis hindered businesses of traditional marketing strategies and more customers shopped online, the Covid-19 epidemic fueled new need for digital marketing.Even three years later, the demand for marketing managers shows no signs of abating: according to LinkedIn, marketing managers are among the fastest-growing jobs in the United States. According to Fiverr, […]
Over the past two decades, Pakistan’s gross public debt has outpaced its Gross Domestic Product (GDP) growth, with a notable surge in recent years. In the fiscal year 2022-23 (FY23), the country’s gross public debt has soared to Rs. 62.9 trillion, equivalent to 74.3 percent of the GDP. This represents a significant increase compared to […]
The World Bank has made a clarification regarding its earlier statement on taxing individuals with salaries less than Rs. 50,000 a month in Pakistan. The bank stated that its initial suggestion was based on 2019 data, which now needs updating to account for recent changes in inflation and the labor market. Recent data revealed a […]
Lucky Motor Corporation (LMC) announced price reductions for its KIA automobiles of up to Rs500,000, citing the strengthening of the rupee versus the US dollar. In recent times, the Pakistani Rupee (PKR) has exhibited signs of rising versus other currencies, particularly the US Dollar. Due to the favourable currency rate, businesses like Lucky Motor Corp […]
Pakistan’s Islamabad: According to ARY News on Thursday, the Pakistani Ministry of Commerce has prohibited the export of 212 products to Afghanistan. Pakistan has enacted this export embargo in an effort to preserve its own businesses and rein in the flow of goods that could be contributing to a trade imbalance. The smuggling of products […]
The Pakistani rupee’s impressive performance against the US Dollar continued its remarkable streak for the 21st consecutive day, demonstrating strength and resilience in the financial markets. The day began with the rupee opening at 289 against the US Dollar in the interbank market. As the clock approached 11:30 AM, the rupee displayed its bullish tendencies, […]
The World Bank has raised significant concerns regarding Pakistan’s sales tax system, which currently allows for concessionary rates below the standard 18 percent for specific products and sectors. According to the latest report, the World Bank Pakistan Development Update (PDU), the sales tax system in Pakistan also permits certain domestic supplies to be zero-rated, further […]
In a remarkable streak, the Pakistani rupee (PKR) continued its ascent against the US Dollar for the 18th consecutive day, displaying a strong performance in the financial markets. The day began with the PKR opening trade at 290 in the interbank market, and it steadily gained ground throughout the trading day. By 11:30 AM, the […]
The economy of Pakistan is now experiencing turbulence, with a number of businesses across all industries declaring temporary closures. These closures are a reaction to a number of issues that have been affecting the business climate in the nation, underscoring the urgent need for economic stabilisation measures. Manufacturer of auto parts Agriauto Industries Limited said […]
