Pakistan’s textile sector’s profitability declined by 24 percent year-on-year (YoY) to Rs. 72.6 billion in the financial year 2022-23 primarily… Read More
Rupee Gains 22nd Day in a Row Against US Dollar
The Pakistani rupee gained further ground against the US Dollar to extend its win streak to 22 days today after… Read More
PIA Incurs Rs. 38 Billion Loss On Account of Grounded Aircraft
The loss-making Pakistan International Airlines Corporation Limited (PIACL) has borne a Rs. 38 billion loss on account of grounded aircraft.… Read More
OICCI Urges FBR Chairman to Help Settle Rs. 93 Billion Tax Refunds
The Overseas Investors Chamber of Commerce of Industry (OICCI) has requested the Chairman Federal Board of Revenue (FBR) to settle… Read More
Pakistan Suffered Revenue Loss of Up to Rs. 1 Trillion in 2022 Due to Under-Invoicing of Imports: PBC
The Pakistan Business Council (PBC) has called on interim Finance Minister Dr. Shamshad Akhtar to pay attention to a “bigger… Read More
Rupee Up Against US Dollar 21 Days in a Row
The Pakistani rupee rose higher against the US Dollar to extend its win streak to 21 days today after opening… Read More
Pakistan’s Cash Supply Declines By Roughly Rs. 1 Trillion in First 3 Months of FY24
Cash holdings in Pakistan declined by roughly Rs. 1 trillion during the first three months of the financial year 2023-24,… Read More
Rupee Rises 20th Day in a Row Against US Dollar
The Pakistani rupee rose higher 20th day in a row against the US Dollar today after opening trade at 288… Read More
World Bank Unhappy With Pakistan’s Sales Tax System
World Bank has expressed serious concern that the sales tax system in Pakistan allows for concessionary rates below the standard 18… Read More
World Bank Tells Pakistan to Improve and Increase Taxes on Property, Agriculture
The World Bank has urged Pakistan to increase, improve, or implement new taxes on property and agriculture. The bank in… Read More
World Bank Thinks Pakistan is Still Not Taxing People Enough
The World Bank in its latest ‘Pakistan Development Update’ has recommended more taxes on the salaried class as a prelude… Read More
Rupee Up 19th Day in a Row Against US Dollar Despite World Bank Downgrade
The Pakistani rupee gained further ground 19th day in a row against the US Dollar today after opening trade at… Read More
