The auto assemblers on Wednesday again shocked buyers of bikes, rickshaws, cars and commercial vehicles with immediate price hikes in the range of Rs10,000 to Rs350,000. Lucky Motor Corporation Ltd (LMCL) jacked up the prices of various models by up to Rs350,000 citing no reason. The new rate of Picanto Automatic, Stonic EX plus, Sportage AWD and Sportage Black (Limited Edition) is Rs3.950 m
Pakistan’s top tax machinery has set new ambitious targets for the current fiscal year to expand the taxpayer base and get more retailers integrated into the Point-of-Sale (POS) system of the Federal Board of Revenue (FBR). In FY23, the FBR claimed that 182,000 new taxpayers had joined the tax system. In a briefing to the Caretaker Prime Minister Anwaarul Haq Kakar on Wednesday, the FBR hel
In an apparent move to manage high expectations, the caretaker government on Wednesday said the economy continues to face both domestic and external challenges and “massive” petroleum price hikes twice in August and heavy electricity price shocks would keep inflationary pressures at elevated levels in coming months. “The two massive fuel price hikes witnessed in August and upward adjustment in
Caretaker Prime Minister Anwarul Haq Kakar has directed relevant authorities to formulate an effective strategy to increase the share of industries in Pakistan’s gross national product (GNP) from the current 12 per cent to its full potential. The premier held a meeting to review the performance and targets of the Ministry of Commerce, Industries and Production. An official announcement state
The equities market began the week positively, buoyed by optimism surrounding the upcoming visit of a Saudi delegation to explore investment prospects in mineral, mining, and refinery sectors, coupled with assurances from the army chief to improve transparency in dollar exchange and interbank rates, which boosted investor confidence. The market’s resurgence can be attributed to optimistic devel