The salaried class paid staggering Rs331 billion income tax in the eight months of the current fiscal, which is 1,350% more than the taxes paid by retailers, but still not enough for the government to seek relief from the International Monetary Fund (IMF) for the marginalised segment. The total income tax contributions by the salaried […]
Prime Minister Shehbaz Sharif on Monday directed for a third-party audit of the Ramazan Relief Package and instructed the authorities concerned to replicate the disbursement of the funds to the needy families through the “digital wallet system” in other government schemes. Shehbaz praised the efforts of the State Bank of Pakistan (SBP), the National Database […]
Pakistan has decided to give diplomacy and dialogue one more chance to resolve issues including the presence of terrorist sanctuaries in Afghanistan with the interim Taliban government. The decision was taken in a meeting chaired by Foreign Minister Ishaq Dar on Monday. “Pakistan’s Special Representative on Afghanistan, Ambassador Muhammad Sadiq, provided a detailed briefing on […]
Chinese carmaker BYD saw a surge in revenue last year, surpassing the $100 billion mark and beating rival Tesla as the electric vehicle giant accelerates its overseas expansion. The Shenzhen-based firm has emerged in recent years as the clear leader in China’s highly competitive EV market, which is the largest in the world. It is […]
Airbus and Boeing are preparing the aerospace industry for sharp increases in output of the next generation of workhorse jets to some 100 a month each, as they explore lighter plastic materials and robotic assembly, industry sources said. Facing weak supply chains and a potentially lengthy wait for future engine developments, the world’s two largest […]
Ambassador of Turkiye to Pakistan, Irfan Neziroglu, met with Federal Minister for Climate Change and Environmental Coordination, Musadik Malik, on Monday to discuss enhancing bilateral cooperation in forestry and climate change initiatives, with a focus on carbon credit projects. According to a statement, both sides agreed to collaborate on carbon credit-related initiatives and explore global […]
Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, emphasised on Monday that collaboration with the private sector is essential to addressing large-scale industrial production challenges. During a meeting with Engro Corporation Chairman Hussain Dawood, Khan highlighted the government’s efforts to promote investment and create an enabling environment for industrial growth. […]
Zimbabwean Ambassador Titus MJ Abu Basutu has stressed that the private sector and chambers of commerce of Pakistan and Zimbabwe can play a pivotal role in unlocking new business opportunities to strengthen economic relations and enhance trade volume. “Both countries have abundant trade and investment opportunities and they should capitalise on each other’s strength,” the […]