Business
FBR Responds To 20.5% Tax on Cash Sales
The Federal Board of Revenue (FBR) has clarified confusion surrounding a perceived 20.5% tax on cash sales over Rs 2 lakh, following widespread speculation after changes introduced
Business
Business
SBP Nears Digital Currency Pilot Launch
The State Bank of Pakistan (SBP) is preparing to launch a pilot project for a central bank digital currency (CBDC), with final steps underway to introduce legislation to
Business
Sugar Prices Hit Rs200 in Parts of Pakistan as Crisis Deepens
Sugar prices have sharply increased across Pakistan, adding to public worries amid already high inflation levels. In many cities, retail prices have surged to between Rs185 and Rs200
Business
Daraz 7.7 Summer Sale: Flash Deals, Hottest Prices & Rs. 9 Lacs Giveaways
Daraz Pakistan is turning up the heat with its 7.7 Summer Sale, running from July 7 to July 16, featuring jaw-dropping discounts and lowest prices to
Business
EPBD Calls for Shift from Debt-Funded Consumption to Growth
Economic Policy & Business Development (EPBD) a think tank, calls for fundamental restructuring of Pakistan's debt utilization, advocating that borrowed resources be diverted from unproductive consumption
Business
Dollar, Euro, and Pound Climb Against Rupee
The Pakistani Rupee opened weaker in today’s currency market, as major international currencies including the US Dollar, Euro, and British Pound gained ground. According to updated exchange
Business
Global, Local Gold Rates Drop for Second Day
Gold prices in Pakistan saw a sharp decline for the second straight session on Monday, reflecting a global dip in the precious metals market. According to data released
Business
Federal Retirees to Get Pension Raise Next Month
The federal government has issued a notification approving a 7% increase in pensions for all retired employees, effective from 1 July 2025. This follows earlier notifications regarding salary
Business
Sindh Sets New Minimum Monthly Wage
The Sindh government has officially raised the minimum wage across the province, with a new monthly base salary of Rs. 40,000 for unskilled workers. A notification issued
Business
FBR Sees Drop in Power Bill Taxes
The Federal Board of Revenue (FBR) has reported a drop in tax collections from electricity bills in the fiscal year 2024-25. According to official data, Rs. 490
Business
Global Food Prices Rise Slightly in June
Global food commodity prices saw a slight increase in June, mainly due to rising costs of meat, vegetable oils, and dairy products, according to the United Nations Food
Business
Weekly Inflation Rises Again, Essentials Cost More
The Pakistan Bureau of Statistics (PBS) has reported a 0.73% rise in weekly inflation, with prices of everyday essentials continuing to climb. On a year-on-year
Business
Gold Slips, Silver Holds Steady in Pakistan
Gold prices declined both in domestic and international markets on Friday, offering slight relief to potential buyers amid ongoing economic uncertainty. According to the All Pakistan Saraffa Association,
Business
How Much Will Be Deducted from Bank Transactions Under New Tax Rules?
The federal government has implemented new tax measures on bank transactions from July 1, affecting both tax filers and non-filers across Pakistan. Under the revised policy, individuals
Business
Mashreq Expands Global Footprint with Opening of Representative Office in Türkiye
Mashreq, one of the leading financial institutions in the MENA region, has announced the opening of its representative office in Türkiye, reinforcing its long-standing commitment to supporting
Business
Federal Cabinet Approves Finance Bill
The federal cabinet, chaired by Prime Minister Shehbaz Sharif, concluded a high-level meeting on Thursday in Islamabad, during which several key decisions were made on national security,