The repatriation of profits and dividends on foreign investments surged year-on-year by 251 per cent during the first 10 months of the current fiscal year, reflecting the State Bank of Pakistan’s relaxed policy towards dollar outflows. According to data released by the central bank on Monday, the country witnessed a profit outflow of $887 million during July-April FY24 compared to $253m in 10MF
The government is expected to revoke tax concessions that disproportionately benefit high-earning individuals over the middle-class workforce, Dawn learned on Monday. The International Monetary Fund (IMF) has advised the government to treat salaried employees’ incomes similarly to that of individuals (non-salaried) as personal income. However, the Federal Board of Revenue (FBR) disagrees and be
Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week. Brent North Sea Crude rose 1.1 per cent to $84.03 per barrel, while West Texas Intermediate added 2.6pc to $79.72 per barrel. Meanwhile, Wall Street had a mixed day as investors returned from the three-day Memorial Day weekend. European stocks lacked
Slamming the widest digital gender gap in Pakistan, speakers have urged the authorities to provide digital literacy and internet access to girls and women in urban and rural areas. Panellists at the ’Tabadlab Policy Roundtable’ titled’ Digital Gender Inclusion Strategy on Tuesday discussed ways to enhance the PTA’s Digital Inclusion Strategy, which aims to bridge the gender gap in Pakistan’s di
The formal packaged juice industry aims to boost exports to $100 million by 2028 from $15 million, provided the government eliminates federal excise duty (FED). The industry has sent a budget proposal to the commerce ministry seeking support for export facilitation. Currently, packaged juices are exported to more than 30 countries across the world. According to the budget proposal, the domes