Business
Tax dept misuses authority: Automatic audit selection under fire
November 2, 2024
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
November 2, 2024
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
November 2, 2024
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
November 2, 2024
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
November 2, 2024
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
November 2, 2024
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-
November 2, 2024
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
November 2, 2024
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
November 1, 2024
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
November 1, 2024
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…