As a Senate body approved the tax amendment bill on Thursday, the Federal Board of Revenue (FBR) announced that it had issued notices to some 169,000 influential individuals to bring them into the tax net, warning that more such people would be traced as the country move to digitise its tax process. The Tax Amendment Bill 2024, cleared by the Senate Standing Committee on Finance and Revenue, is
MOHAMMAD Altaf is not convinced by the government’s claim that inflation is declining; the daily wage labourer insists that a mere decline in flour prices cannot be termed relief when the prices of other essentials have spiralled out of control. Altaf, who hails from Nathiagali, a hill station in Khyber Pakhtunkhwa, has been selling vegetables on his pushcart in Karachi for the past 25 years. H
Despite missing certain IMF benchmarks, Finance Minister Muhammad Aurangzeb has asserted that the current programme will move forward. He confidently stated the International Monetary Fund will be engaged in good faith during the upcoming review to ensure no surprises arise. The minister made the statement during a joint news conference at the FBR headquarters on Thursday, where journalists rep
Adviser to Finance Minister Khurram Schehzad visited Pakistan Stock Exchange (PSX) to discuss strategies for enhancing the depth and performance of capital markets. During his meeting with PSX Chief Executive Officer Farrukh Sabzwari and senior management of the stock market, Schehzad was provided a comprehensive overview of the strategic initiatives aimed at unlocking the potential of capital
Pakistan Stock Exchange (PSX) on Tuesday faced significant volatility as the benchmark KSE-100 index dropped 1,510 points, or 1.33%. Analysts attributed the bearish sentiment to profit-taking amid pressure from the approaching rollover of futures contracts and uncertainty surrounding the outcome of ongoing talks between the government and Pakistan Tehreek-e-Insaf (PTI). The index initially s