The National Assembly Standing Committee on Finance and Revenue has expanded the scope of non-filers’ purchases, allowing them to buy rickshaws, motorcycles, tractors and cars up to 800cc. The decision was part of the committee’s approval of a sub-committee report recommending revisions to The Tax Laws (Amendment) Bill, 2024, aimed at addressing stakeholder concerns and improving the tax framew
Expressing 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 the
Bulls took over the trading floor at the Pakistan Stock Exchange (PSX) as shares climbed more than 1,000 points on Monday after a week of persistent institutional selling. The benchmark KSE-100 index surged 1055.03 points, or 0.96 per cent, to stand at 111,377.96 points from the previous close of 110,322.93. Mohammed Sohail, chief executive of Topline Securities, while speaking to Dawn.com a
The United States will move to impose 25 per cent tariffs on steel and aluminium imports this week, President Donald Trump said on Sunday, the latest in a slew of trade levies he has announced. Trump told reporters aboard Air Force One that the tariffs, which he will announce on Monday, will apply to “any steel coming into the United States”, adding this will also affect aluminium. Trump imp
Prime Minister Shehbaz Sharif said on Monday that Pakistan achieved macroeconomic stability last year with the help of the International Monetary Fund (IMF) programme. Speaking to Pakistani business leaders and investors in Dubai, the PM said the macro-level economy had gradually improved in the previous year as inflation slowed to 2.4 per cent in January with the policy rate reduced to 12pc.