Business
The International Monetary Fund (IMF) has rejected several of Pakistan’s new tax proposals, including a capital value tax on movable assets like cash and gold, and a 5% federal excise duty on day-old chicks. These suggestions were part of Islamabad’s broader efforts to boost revenues in the
Business
The Pakistani rupee remained under pressure in the open market, with several major foreign currencies registering gains due to steady demand and persistent economic concerns. The US dollar, which has seen consistent demand in recent days, was being traded at Rs282.30 for buying and Rs284.40 for selling. Dealers
Business
Gold prices in Pakistan surged once again, continuing a steady upward trend driven by market instability and rising global demand. The price of 24-karat gold rose by Rs1,000 per tola, now standing at Rs354,100, adding to a sharp rally witnessed in recent sessions. This increase follows a
Business
The Pakistani rupee showed mixed performance in both interbank and open markets, with many foreign currencies appreciating slightly, according to currency dealers on Tuesday. The US dollar remained strong, with the buying rate reported at Rs282.50 and the selling rate at Rs284.30. The Euro posted minor gains, trading
Business
Pakistan’s annual inflation rate rose to 3.5% in May 2025, according to the latest figures released by the Pakistan Bureau of Statistics (PBS) on Monday. This marks a notable increase from just 0.3% in April, but remains significantly lower than the 11.8% recorded in May last
Business
Islamabad residents will soon be able to access real-time information on electric bus routes, stations, and schedules via Google Maps, following new directives from the Capital Development Authority (CDA). Chairman CDA, Muhammad Ali Randhawa, has instructed authorities to ensure that all buses are mapped online, enabling citizens to plan
Business
The federal government is preparing to offer inflation-adjusted salary relief for public sector employees in the 2025–26 budget, while also focusing on steps to reduce cash-based transactions, according to official sources. The upcoming Finance Bill 2025 is expected to include several proposals aimed at promoting transparency and
Business
The federal government is reportedly reviewing a proposal to raise the General Sales Tax (GST) on small, locally assembled cars in the upcoming budget for the fiscal year 2025-26. The increase would apply to vehicles with engine capacities of up to 850cc. Currently, the GST on these cars stands
Business
Gold and silver rates showed stability in both local and international markets on June 2, 2025, providing a sense of relief to buyers and investors after weeks of price swings. In Pakistan, the price of 24-karat gold remained firm at Rs347,200 per tola, while 10 grams were priced
Business
The exchange rate between the Saudi Riyal (SAR) and the Pakistani Rupee (PKR) remained unchanged in the open market on Monday, June 2, 2025. As reported by currency traders, the buying rate was recorded at Rs75.17, while the selling rate experienced a minor fluctuation, settling at Rs75.97. Experts
Business
An Economic Thinktank has strongly recommended the Federal Board of Revenue (FBR) to exempt the construction sector from advance taxes and sales tax in the upcoming budget (2025-26) to ease the burden of transaction taxes on the real estate sector. In its report titled “Housing and Construction Sector – Challenges
Business
Gold rates in Pakistan remained unchanged on Friday, reflecting stability both in local and international markets. Traders noted that the price of gold stood firm at Rs349,300 per tola, with no significant fluctuation compared to the previous day. This steady trend was observed in major cities, including Karachi, Lahore,