The salaried class's income tax payments have jumped to Rs285 billion in seven monthsRs100 billion more than the comparable periodas Minister of State for Finance Ali Pervaiz Malik hints at reducing the burden in the budget. Also, nearly Rs100 billion more in income tax that the salaried people were forced to pay from July through January was Rs25 billion more than the government's estimates
Some of the world’s top money managers are once again warming up towards Pakistan’s $50 billion market after the returns last year were among the best globally, Bloomberg reported on Wednesday. According to the report, asset managers from companies such as BlackRock Inc. to Eaton Vance Corp, are “warming up” to the country’s stock exchange, which handed investors 84 per cent returns in 2024.
WHEN a political party decides that actively causing damage to the economy will somehow advance its interests, it needs to be urged to undertake a rethink. Such a strategy is most perfectly described by the saying about burning a country down in order to ‘rule over the ashes’. The PTI has adopted this strategy. Back in August 2022, we saw them try to scuttle an IMF programme at a critical junct
xpressing serious concerns about realty fraudulent practices across Sindh, National Accountability Bureau (NAB) Chairman retired Lt Gen Nazir Ahmed Butt has disclosed that in Karachi alone documents for 7,500 acres have been falsified leading to corruption amounting to Rs3,000 billion, according to a press release of the Association of Builders and Developers (ABAD) on Tuesday. “If we open thes
The International Monetary Fund (IMF) Managing Director Kristalina Georgieva has met Prime Minister Shehbaz Sharif during his visit to the United Arab Emirates and assured him of the lender’s support for the government’s decisive actions regarding the programme, according to a statement released on Wednesday. In a post on X, she said, “Wonderful to meet Prime Minister @CMShehbaz and his team.”