Pakistan’s Ambassador to the United States, Masood Khan, invited American entrepreneurs and corporate leaders to invest in Pakistan’s IT, energy, agriculture, and mineral sectors during a meeting in Washington on Monday, according to a press release from the Pakistani embassy. The ambassador highlighted the advantages identified by the US International Trade Administration for American investor
The government raised Rs131.4 billion through the auction of Pakistan Investment Bonds (PIBs) on Tuesday, further increasing domestic debt volume. Data from the State Bank shows that the government raised the highest amount, Rs115bn, through three-year PIBs against bids of Rs154.3bn, with a 16.6 per cent rate of return. The lowest amount, Rs500 million, was raised for five-year PIBs against
The Competition Commission of Pakistan (CCP) has approved the acquisition of two pharmaceutical products from Tokyo-based Eisai by Hilton Pharma. The acquisition includes the rights to manufacture and commercialise the drugs Methycobal and Myonal in Pakistan. The transaction involves the transfer of trademarks, know-how and records related to these products under an asset purchase agreement sig
While rejecting the federal budget 2024-25, almost all the key chambers and trade associations have asked the government to abolish the Final Tax Regime (FTR) and other anti-exports taxation measures. They believe that these measures will have disastrous consequences, leading to a decline in precious foreign exchange earnings and adversely affecting revenue generation for the national exchequer
Yielding to pressure from luxury automakers, the government has withdrawn the proposal to impose a 25 per cent sales tax on hybrid electric vehicles (HEVs) and restored the existing 8.5pc in the Finance Bill 2024, resulting in a loss of a whopping Rs30 billion to the national exchequer on an annualised basis. While wrapping up discussions on the budget 2024-25 in the National Assembly on Tuesda