No Mini-Budget Planned, Says FBR Chairman Ahead of IMF Visit ISLAMABAD — Amid reports suggesting the government might introduce a mini-budget to fund flood relief through additional taxes on luxury and imported goods, Federal Board of Revenue (FBR) Chairman Muhammad Ashfaq Langrial has dismissed the speculation. “There is no plan to introduce a mini-budget,” Langrial […]
Pakistan Prepares to Seek IMF Concessions Amid Flood Crisis ISLAMABAD — Prime Minister Shehbaz Sharif has instructed officials to seek broader concessions from the International Monetary Fund (IMF) during upcoming review talks, sources say, as the country grapples with severe floods and heavy rainfall. According to insiders, the government plans to avoid introducing a mini-budget […]
Similarly, the annual profit rate on Sarwa Islamic Saving Accounts and Sarwa Islamic Term Accounts has been raised from 9.50 per cent to 9.92 per cent. On the other hand, the profit rate on Defence Savings Certificates has been reduced by 12 basis points, bringing it down from 11.54 per cent to 11.42 per cent. […]
Pakistan, Uzbekistan Boost Industrial and Tech Ties; Pak-Iran JEC Concludes in Tehran Tashkent – Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan, visited the Pharma Park and Techno Park in Tashkent, Uzbekistan, to strengthen industrial and technological cooperation between the two countries. During the visit, Mr. Khan praised the […]
Amazon Raises Wages, Cuts Health Care Costs Amid Worker Concerns Amazon has announced plans to raise its average hourly pay to more than $23, with full-time employees set to see an average annual increase of $1,600. The tech giant is also making health care more affordable, lowering the cost of its entry-level plan to $5 […]
Indians Hold On to Gold as Prices Soar, Scrap Supply Falls Ahead of Festive Season New Delhi — Unlike in March, when spot gold first topped $3,000 an ounce and many retail investors rushed to sell, this time Indians are holding onto their gold, betting that prices will climb even higher. “Indians now believe gold […]
Pakistan Faces IMF Review with Key Reforms Still Pending ISLAMABAD – Pakistan’s upcoming economic review with the International Monetary Fund (IMF) will be crucial, as the successful completion of the process could unlock a $1 billion tranche from the $7 billion Extended Fund Facility (EFF). The country has already secured more than $2 billion in […]
GSK to Invest $1.2 Billion in U.S. Research and Manufacturing During Trump Visit LONDON – Pharmaceutical giant GlaxoSmithKline (GSK) has announced major new investments in the United States during the first day of President Donald Trump’s state visit to Britain. The company said the funds will strengthen its research, development, and production capabilities across […]
Pakistan’s Industrial Output Sees Strong 9% Yearly Growth in July Islamabad – Pakistan’s industrial sector showed promising signs of recovery in July, with official data revealing a 9 percent year-on-year increase in Large Scale Manufacturing (LSM), alongside a 2.6 percent rise compared to the previous month. Driving the rebound were the automobile, furniture, and apparel […]
FBR Chief Clarifies Faceless Customs System, Highlights Revenue Gains ISLAMABAD – The Federal Board of Revenue (FBR) chairman has clarified recent reports suggesting irregularities in customs operations, saying they stemmed from a misinterpretation of an initial audit observation. FBR Chief [name] Langrial emphasized that the Faceless Customs System was introduced to boost transparency and prevent […]
