LAHORE: “As much as 60 percent of Pakistan’s total tax revenue comes from a single sector, the large-scale manufacturing sector. This highlighted the imbalance in the country’s tax system. The burden on this single sector is four times higher than on the rest of the economy, leaving it struggling to breathe. As a result, the manufacturing sector is moving in the negative rather than showing growth
Indus Motor Company proposed that the upcoming Auto Policy 2026–31 should maintain at least a 40 percent tariff difference between Completely Knocked Down (CKD) and Completely Built Up (CBU) vehicles to protect jobs and ensure competitiveness. This was proposed by Chief Executive IMC Ali Asghar Jamali while speaking at Pakistan Auto Show (PAPS) held at the Expo Center Karachi, from November 14-
Pak-Qatar Group participated in the International Capital Market Conference & Expo 2025, held to highlight Pakistan’s progress and potential in fostering sustainable financial growth, investment opportunities, and market innovation. The event brought together leading policymakers, financial institutions, and industry experts to discuss the future of the capital market and the role of Islamic fi
ISLAMABAD: The sick industrial and loss-making units would be revived by exploring various avenues available under the Companies Act, 2017, the Corporate Rehabilitation Act, 2018, and the Corporate Restructuring Companies Act, 2016. The Securities and Exchange Commission of Pakistan (SECP) conducted a comprehensive training session on mergers, amalgamations, and restructuring of companies for o
Gold fell for a fourth straight session on Tuesday, weighed down by a firm dollar and diminished prospects of a U.S. interest rate cut next month. Spot gold was down 0.1% at $4,039.19 per ounce, as of 0131 GMT. U.S. gold futures for December delivery fell 0.9% to $4,038.60 per ounce. “The dollar was a bit stronger today and also some of the speculative length has been reduced this past week.