Prime Minister Taiwan Chu Jong Tai has suggested an additional $ 10 budget budget to help alleviate the economic effects of potential American definitions. The move comes after President Donald Trump’s decision to suspend a 32 % tariff on Taiwan, which was to enter into force two weeks ago, for a period of 90 days. … Read more
Pakistan has informed the International Monetary Fund (IMF) that it will not impose additional taxes, but instead focuses on legal and administrative measures to fill the expected deficit in revenues. The government also presented a contradictory center on electricity pricing, and is seeking to obtain a general sales tax (GST) with a simultaneous proposal for … Read more
The World Bank has approved additional financing of $450 million for the Sindh Flood Emergency Housing Reconstruction Project to support the reconstruction of resilient housing for people in Sindh province affected by the 2022 floods. According to a World Bank press release, the new support will build on the original $500 million project, approved in … Read more
Thatta Cement Company Limited has successfully acquired 12,500,000 shares in Thatta Power (Pvt) Ltd, representing an ownership stake of 26.09% in the company, according to a filing made with the Pakistan Stock Exchange on Tuesday. As a result, Thatta Cement’s total shareholding in Thatta Power increased to 88.52%. This acquisition reflects Thatta Cement’s strategic move … Read more
Banks disbursed Rs 2.2 trillion to the non-government sector, including the private sector and NBFCs, during the first five months of FY25, as they aimed to meet their advance-to-deposit ratio (ADR). The goal set by the government. Under the 2024-25 budget, banks that fail to raise the daily access rate to 50% by December 31 … Read more
The Islamabad High Court (IHC) has temporarily barred the government from collecting up to 15% additional taxes from banks that fail to meet private sector lending targets in 2024. Nearly a dozen banks have sought relief from the Islamabad High Court, protesting against the levy introduced in the 2025 federal budget. According to media reports, … Read more
ISLAMABAD – The Pakistan Sugar Mills Association (PSMA) has sought government approval for additional sugar exports, citing a surplus of over 1.08 million tons at the start of the new crushing season. The appeal was made on Thursday during a meeting of the Sugar Advisory Council chaired by Federal Minister for Industries and Production Rana … Read more
A worker delivers packages of fabric to a market in Karachi. – Reuters/File Authorities say the International Monetary Fund will send its team to Pakistan in December. The FBR may propose to raise withholding tax rates on all imports. Raising the withholding tax on the sale of land plots and also purchases with cards. ISLAMABAD: … Read more