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PM Shehbaz Approves Raw Material Duty Cut for Industrial Growth
ISLAMABAD: Prime Minister Shehbaz Sharif has approved a significant raw material duty cut on more than 7,066 tariff lines, targeting raw materials, intermediate goods, and…
Pakistan’s Central Govt Debt Rises by 13.4% YoY
The federal government’s total public debt has climbed to nearly Rs. 75 trillion, marking a significant increase of 13.4 percent year-on-year (YoY), according to recent…
Pakistan Stock Exchange Hits All-Time High
June 4, 2025: The Pakistan Stock Exchange (PSX) achieved a significant milestone, with its benchmark KSE-100 index hitting an all-time high, crossing the 121,000-point mark…
Pakistan Registers Record Exports to European Countries
Pakistan’s exports to European countries recorded a growth of 8.62% during the first ten months of the current fiscal year, largely due to stronger shipments…
Govt Plans 5% Digital Services Tax in Upcoming FY2025-26 Budget
The federal government of Pakistan plans to introduce a 5% digital services tax in the upcoming FY2025-26 budget. This move could reshape the country’s digital…
IMF Supports Tax Cut for Salaried, Rejects Wealth Levies
The International Monetary Fund (IMF) has dismissed Pakistan’s latest efforts to introduce a capital value tax on movable assets such as “cash” and “gold,” as…
Pakistan Defence Budget May Get a Whopping 114% Rise This Year
ISLAMABAD: The Pakistan defence budget may see a whopping 114% increase in the upcoming fiscal year 2025-26, with proposed allocations rising sharply from Rs5.386 billion…
Google Settles Lawsuit; Will Spend $500 Million On Internal Compliance
Google has settled a shareholder lawsuit, agreeing to invest $500 million over the next decade to enhance its compliance framework. This settlement addresses allegations of…
Govt Secures $2.5 Billion in Foreign Aid Commitments for Pakistan
ISLAMABAD: Pakistan secured foreign aid commitments worth $2.5 billion from development partners during the first half (July–December) of the current fiscal year 2024–25, according to…
Engro Polymer Seeks Regulatory Duty on PVC Imports
ISLAMABAD: Engro Polymer & Chemicals Limited has urged the federal government to impose a regulatory duty on PVC imports ranging from 5 to 10 percent,…
ADB Board Approves Loan for Pakistan Despite Indian Outcry
The Asian Development Bank (ADB) has officially approved an $800 million financing package for Pakistan, despite vocal opposition from India. The ADB loan for Pakistan…
Govt Secures Tax Relief for Salaried Class in IMF Budget Talks
ISLAMABAD: The federal government has reportedly secured income tax relief for the salaried class during ongoing budget negotiations with the International Monetary Fund (IMF), marking…
