Business

Tax dept misuses authority: Automatic audit selection under fire

Tax dept misuses authority: Automatic audit selection under fire

LAHORE: The tax department’s automatic selection of tax returns for audit has come under scrutiny, with critics labelling it a…
Punjab govt focusing on alternate energy sector, industrialisation: minister

Punjab govt focusing on alternate energy sector, industrialisation: minister

LAHORE: Punjab’s Minister for Industries, Commerce and Investment Ch Shafi Hussain has said that alternate energy sector and industrialisation are…
FPCCI president demands MPC cut policy rate by 500 basis points

FPCCI president demands MPC cut policy rate by 500 basis points

KARACHI: Atif Ikram Sheikh, President FPCCI, has apprised that the business, industry and trade community of Pakistan is disappointed with…
PSO witnesses decrease in supply cost

PSO witnesses decrease in supply cost

ISLAMABAD: Pakistan State Oil (PSO) witnessed a decrease in the cost of supplying fuel; however, the government decided to implement…
Pakistan’s economy demonstrates resilience as trade deficit shrinks significantly

Pakistan’s economy demonstrates resilience as trade deficit shrinks significantly

ISLAMABAD: In a notable change that demonstrates the economy’s resilience, Pakistan’s trade deficit shrank significantly, falling 31.1% year-on-year in October…
Govt reduces profit rates on National Savings Schemes

Govt reduces profit rates on National Savings Schemes

ISLAMABAD: The government has reduced profit rates of various national savings schemes by up to 2%.  The Finance Ministry has…
S&P upgrades Turkiye’s credit rating to BB-

S&P upgrades Turkiye’s credit rating to BB-

WASHINGTON: Standard and Poor’s upgraded Turkiye’s long-term sovereign credit rating on Friday from B+ to BB-, with the agency noting…
SMEDA BoD unanimously approves business plan to drive SME growth, export expansion

SMEDA BoD unanimously approves business plan to drive SME growth, export expansion

ISLAMABAD: Small and Medium Enterprises Development Authority (SMEDA) 22nd Board of Directors unanimously approved a comprehensive the SMEDA business plan…
Pakistan’s CPI-based inflation rises to 7.2% in Oct, beating govt, market forecasts

Pakistan’s CPI-based inflation rises to 7.2% in Oct, beating govt, market forecasts

ISLAMABAD: Pakistan’s annual inflation rate punched in at 7.2% in October 2024, up from 6.9% in September but markedly lower…
MoUs with Riyadh moving towards agreements, transactions: Malik

MoUs with Riyadh moving towards agreements, transactions: Malik

RIYADH: Federal Minister of Petroleum and Water Resources Dr Musadik Malik says that Pakistan signed memorandums of understanding (MoUs) worth…
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