The annual inflation maintained a decelerating trend, hitting a nine-year low at 2.4 per cent year-on-year in January, mainly due to a decline in prices of perishable food products. The headline inflation, measured by the Consumer Price Index (CPI), decreased to 9.6pc in August 2024, the first single-digit figure in more than three years, and the path of slowing down continued in the following
Following the directives of the Presidency, the inquiry by the audit department of the Federal Board of Revenue (FBR) has finalised a demand of Rs18 billion in sales tax on the tractor maker. The case relates to an inquiry by the FBR against Millat Tractors Ltd (MTL), related to sales tax thefts under benami laws but the company challenged the action by the FBR at the Federal Tax Ombudsman (FTO
Despite a rise of 11.64 per cent in sales during January, local cement despatches recorded a 7.6pc drop to 21.435 million tonnes during the first seven months of the current fiscal year from 23.196m tonnes in the corresponding period last year. Exports, however, increased 31.54pc to 5.392m tonnes during 7MFY25 from 4.099m tonnes a year ago. Total cement sales — domestic and exports — fell by
Sindh Chief Minister Murad Ali Shah has formed eight ministerial committees to resolve problems traders and industrialists face across the province. Chairing a meeting of the Business Facilitation Coordination Committee (BFCC), constituted on the directives of PPP Chairman Bilawal Bhutto-Zardari to redress the grievances of the industrialists, the chief minister said he would personally handle
ISLAMABAD/LAHORE: National Food Security Minister Rana Tanveer Hussain said on Monday that the government was working to reform the cotton sector, including reviewing the 18 per cent GST on local lint to create a fairer market environment. Meanwhile, the Pakistan Cotton Ginners Association (PCGA) reported a 34pc decline in production against the target set for 2024-25. The minister also anno