Ministry Seeks Reversal of Sales Tax Hike on Electric and Hybrid Vehicles
June 21, 2024
The Ministry of Industries and Production has sought a reversal of a proposed hike in sales tax on electric and hybrid vehicles in the new budget, saying that the tax increase is a violation of the government’s policies aimed at promoting new technologies. In a letter written to the Finance Division and the Federal Board […]
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KSE-100 Index Plunges Budget Concerns Drive Market Turbulence
June 7, 2024
The benchmark KSE-100 Index opened with a bearish trend. At 09:52 am, the index plunged by over 2,000 points to the lowest level of 71,781.96. The KSE-100 index recovered at 11:17 am and was trading at 72,775.68, down by 1,087.25 points. Experts attributed the decline to concerns over the budget proposals for 2024-2025. Throughout the […]
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