After a lull, the government's drive to integrate large retailers with the tax system picked up momentum in the last fiscal year and the figure jumped to over 17,300 businesses – an increase of nearly one-third, amid concerns to retain the growing base due to the introduction of a new small trader scheme. According to figures compiled by the Federal Board of Revenue (FBR), about 17,337 large re
Pakistan is likely to meet nearly all seven Quantitative Performance Criteria (QPCs) set under its ongoing International Monetary Fund (IMF) programme, ahead of the Fund’s upcoming review later this month, said Arif Habib Limited on Saturday. “Based on publicly available data, we believe Pakistan is on track to meet nearly all seven QPCs, with one data point yet to be disclosed,” said the broke
Gold prices in Pakistan decreased on Saturday in line with their loss in the international market. In the local market, gold price per tola reached Rs467,936 after a decline of Rs15,100 during the day. Similarly, 10-gram gold was sold at Rs401,179 after it fell by Rs12,946 according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Friday, gold prices in
Pakistan’s auto industry scored a key export win as Suzuki rolled out Alto and Every models made by its Pakistani subsidiary, Pak Suzuki Motor Company, in Brunei. The launch, announced on August 27, “marks the first time for Suzuki to export from an overseas production base models having the same body size and engine displacement specifications as Japanese mini-vehicles,” the Japanese auto gian
Oil prices jumped more than $1 a barrel on Monday after the US attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as conflict in the Middle East extended into its sixth month. Brent crude futures climbed $1.08, or 1.23%, to $89.18 a barrel as at 0040 GMT while US West Texas Intermediate crude was at $84.32, up 92 cents, or 1.10%. US forces struck two laun