Barring a drop in demand for tractors, sales of cars, pickups, vans and light commercial vehicles (LCVs) surged 61pc year-on-year and 73pc month-on-month to 17,010 units in January. With this addition, the sales in the above segment rose 55pc to 77,686 units in 7MFY25 from 49,989 units in the July-January FY24. Truck sales rose to 2,054 from 967 units in 7MFY24, while bus sales surged to 365
The National Assembly Standing Committee on Finance and Revenue has expanded the scope of non-filers’ purchases, allowing them to buy rickshaws, motorcycles, tractors and cars up to 800cc. The decision was part of the committee’s approval of a sub-committee report recommending revisions to The Tax Laws (Amendment) Bill, 2024, aimed at addressing stakeholder concerns and improving the tax framew
Expressing serious concerns about realty fraudulent practices across Sindh, National Accountability Bureau (NAB) Chairman retired Lt Gen Nazir Ahmed Butt has disclosed that in Karachi alone documents for 7,500 acres have been falsified leading to corruption amounting to Rs3,000 billion, according to a press release of the Association of Builders and Developers (ABAD) on Tuesday. “If we open the
Bulls took over the trading floor at the Pakistan Stock Exchange (PSX) as shares climbed more than 1,000 points on Monday after a week of persistent institutional selling. The benchmark KSE-100 index surged 1055.03 points, or 0.96 per cent, to stand at 111,377.96 points from the previous close of 110,322.93. Mohammed Sohail, chief executive of Topline Securities, while speaking to Dawn.com a
The United States will move to impose 25 per cent tariffs on steel and aluminium imports this week, President Donald Trump said on Sunday, the latest in a slew of trade levies he has announced. Trump told reporters aboard Air Force One that the tariffs, which he will announce on Monday, will apply to “any steel coming into the United States”, adding this will also affect aluminium. Trump imp