The Pakistan Dairy Association (PDA) has warned that the continuation of heavy taxation on milk and milk products is not only inflating prices for consumers but also hampering the industry’s export potential. The association described the 18pc sales tax, imposed in the federal budget for 2024-25 and retained for the next fiscal year, as an “existential threat” to the formal dairy sector
The overall Consumer Confidence Index (CCI) rose by 9.2 per cent in the fourth quarter of FY25 compared to the preceding quarter, signalling a steady improvement in public sentiment regarding the economy and personal finances. The index, which is measured on a scale of 0 to 200 — with 100 as the neutral point — recorded a score of 96.2 in Q4FY25, up from 88.1 in the previous quarter. A score be
The Indian aggression against Pakistan has not hurt, strangely enough, the inflow of foreign investment into treasury bills, while outflows from the equity market has been much higher than inflows during the same period. The State Bank’s latest update for May shows that foreign inflows in T-bills during the month (up to May 23 of FY25) reached $73.6 million. This was strange since India attacke
Atlas Honda Ltd (AHL) plans to launch an electric scooters specifically designed for Pakistani consumers, following the government’s announcement of the National Electric Vehicle Policy (NEVP). In a filing to the PSX on Tuesday, the company said it is actively engaging with regulatory bodies to obtain the necessary permissions and approvals to ensure a smooth rollout. The company stated
The World Bank has approved $194 million in financing for two major development projects in Balochistan to expand educational access and strengthen water security, while the Asian Development Bank (ADB) signed a $350m loan agreement for a landmark initiative to boost women’s financial inclusion in Pakistan. The World Bank’s $100m “Getting Results: Access and Delivery of Quality Education Se