Last month, the Punjab Assembly took the lead in amending its agricultural income tax (AIT) law, increasing the maximum tax rate from 15 per cent (in Punjab and Sindh) to align with federal income tax rates for individuals and businesses, which reach up to 45pc. Other provinces are still deliberating similar changes, all in response to strings attached to the ongoing International Monetary Fund (I
Here comes the sun, and it’s all right. The surge in distributed solar over the last eighteen months has led to an exodus from the electricity grid, as the reduction in the price of solar panels has made distributed solar more affordable. Growth in the adoption of solar has changed the way households and industries alike consume electricity. During the past decade, peak consumption was largely
The competitive narratives of the government and main opposition party indicate that the escalating political tensions would not peter out any time soon despite their negative impact on economic recovery. Political turmoil has shaken the confidence of local business people and foreign investors, who have also lost hope that the political crisis will ever be over, says Karachi Chamber of Commerc
Pakistan Stock Exchange (PSX), while shattering records, set an unprecedented pace of rapid growth as the KSE-100 index surged a massive 3,134 points on Thursday, surpassing the 108,000 mark. The rally was powered by a combination of positive economic indicators and investor optimism. The annual inflation rate fell to 4.9% in November, its lowest level in six years, while the trade deficit shra
Bitcoin burst past $100,000 for the first time on Thursday, taking the limelight away from stock markets that wavered as investors tracked political crises in France and South Korea. Bitcoin reached a high of $103,800.45 before dipping to just over $103,400. Bitcoin is "stealing (the) stock market's spotlight", said Briefing.com analyst Patrick O'Hare.The digital asset has now soared more than