Business
Punjab Chief Minister Maryam Nawaz Sharif has approved a 10 percent increase in the salaries of government employees for the fiscal year 2025–26, days before the provincial budget is due to be presented. The decision follows the federal government's recent announcement of similar salary and pension adjustments.
Business
Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur has confirmed that the provincial government will present a tax-free budget, with no new taxes planned for the upcoming financial year. Speaking in Peshawar on Tuesday, Gandapur stated that the budget had been prepared after consultations with former Prime Minister and PTI
Business
The Pakistani government has proposed ending existing tax relief on small cars, including popular models like the Suzuki Alto, under the upcoming federal budget. If the plan is approved, all vehicles—regardless of engine size—would face a uniform 18% General Sales Tax (GST), reversing previous concessions for smaller, more
Business
The federal government is expected to present the 2025–26 budget today, with early reports indicating significant changes in taxation aimed at boosting revenue by around Rs2,000 billion. The upcoming fiscal plan is likely to introduce new taxes across several sectors, while also adjusting existing duties. One of the
Business
Gold prices across Pakistan remained unchanged on Tuesday despite a rise in international bullion markets. According to market sources, the local price stability was likely due to limited trading activity during the Eid holidays. The price of 24-karat gold held steady at Rs358,400 per tola, while 10 grams
Business
Foreign currency exchange rates in Pakistan remained largely unchanged on June 10, 2025, with no major movements observed in the open market. According to local exchange dealers, the US dollar maintained its position, being bought at Rs282.70 and sold at Rs284.40, showing no shift from the previous day’
Business
The federal government is reportedly planning a wide range of tax changes in the upcoming budget for the fiscal year 2025–26, with a particular focus on cash withdrawals, e-commerce, and petrol-powered vehicles. According to officials familiar with the discussions, the government may increase the withholding tax on
Business
The Economic Policy Business Development Think Tank has strongly recommended that the Super Tax should apply only to corporations with profits exceeding Rs 10 billion, and that withholding taxes on tax-filer property buyers be withdrawn to revive the real estate sector. These proposals are part of the Budget Proposals
Business
Nasdaq Dubai welcomed Mashreq’s (''Mashreq'' or ''the Bank'') debut listing on the exchange with the admission of a USD 500 million Sukuk issued by Mashreq Al Islami Sukuk Company Ltd. Read More: Foreign Currencies Hold Steady in Pakistan The Trust Certificates,
Business
inDrive.Delivery, a fair-play courier service by inDrive, has launched Business Mode in Pakistan — a dedicated feature set for entrepreneurs and small business owners — following an estimated 36% increase in B2B activity over recent six months. The new mode offers streamlined tools for frequent business senders, including in-app
Business
Foreign currency exchange rates remained largely stable on June 5, with the US Dollar, British Pound, and Euro holding dominant positions in Pakistan’s forex market. While minor changes were observed, overall trends reflected steady global demand and regional trade flows. Market data showed the US Dollar being purchased at
Business
Gold prices in Pakistan held steady on Wednesday, mirroring a quiet phase in the international bullion market. As per figures shared by the All Pakistan Sarafa Association, the price of 24-karat gold remained unchanged at Rs354,100 per tola. Similarly, the 10-gram rate stayed consistent at Rs303,583.