Stocks up, but IMF-friendly budget gets mixed reviews
KARACHI: Pakistani stocks rose on Wednesday and the business community gave mixed reviews of Prime Minister Imran Khan’s first budget aimed at securing...
Iran scrambles to lift petrochemical sales as sanctions hammer oil
LONDON/DUBAI/SAO PAULO: Iran has been racing to step up exports of petrochemicals and tap new markets to compensate for sliding oil sales,...
UK’s Sikh community pledges to inject £500m into Pakistan to promote religious tourism
Bukhari discussed religious tourism projects in Pakistan with the representatives of the Sikh community.
Budget 2019-20: Salaried class to pay more taxes under PTI govt
Tax reliefs for salaried class introduced by the PML-N government have been withdrawn by the PTI led government in the latest budget.
Govt to spend Rs1.8tr on public sector
CPEC takes centre stage as PTI eyes 'balanced development'Â
Centre allocates Rs912bn for provinces, sets 951bn aside for federal ministries, divisionsÂ
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Govt imposes Rs516bn taxes in budget 2019-20
Shabbar Zaidi says govt will meet tax target through administrative measures
ISLAMABAD:Â While increasing the customs duty on 2,400 tariff lines, the government...
Non-Filers not allowed to buy immovable property or cars, FBR clarifies
Federal Board of Revenue (FBR) has strongly refuted the news appearing in some sections of the press which states that the new...
Govt plans to obtain Rs3tr foreign loans in 2019-20
ISLAMABAD:Â As per the budget papers of 2019-2020, the government plans to obtain foreign loans worth Rs3.003 trillion, as compared to Rs1,087.99 billion...
Business community laments ‘tax-levied, ambitious’ budget
'Govt said common man will not be affected, but then tax on sugar has been increased to 17pc from 8pc'
Following the...
PHMA rejects 17pc sales tax on export sectors
LAHORE:Â The Pakistan Hosiery Manufacturers Association (PHMA) on Tuesday rejected 17pc sales tax on the export industry of textile, leather, carpet, surgical and...
FPCCI for ‘strong industrial policy’ to encourage agro industries
ISLAMABAD:Â Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Acting President Noor Ahmed expressed serious concern over the missing targets of economic...
Minimum taxable income revised in budget
Hammad Azhar says non-filers are no more restricted from purchasing property and can buy an estate of over Rs5m
ISLAMABAD:Â The minimum taxable...
Govt’s annual plan predicts 4pc growth in FY20
Exports projected at $26bn, workers' remittances expected to reach $24bn in FY20
ISLAMABAD:Â The Gross Domestic Product (GDP) is expected to pick up and...
Govt presents budget, imposes new taxes
Salaries class to face up to 35 per cent taxes with addition of 11 tax slabs
Budget deficit to be Rs3,560...
PSX posts modest gains amid mixed sentiments
KARACHI:Â Investors of the Pakistan Stock Exchange (PSX) showed mixed sentiments before the announcement of budget on Tuesday, as the indices that started...