Tractor makers may be excited about the 87 per cent surge in sales, but other segments of the auto sector faced a sales slump ranging between 10pc and 47pc during 4MFY24. The rise in tractor sales to 17,296 units (Fiat and Massey Ferguson) also signals some brisk agricultural activities during July-Oct FY24, from 9,258 units in the same period last fiscal. In the car segment, the month-on-mo
Caretaker Prime Minister Anwaarul Haq Kakar on Monday directed the authorities concerned to formulate a comprehensive strategy, in consultation with all stakeholders, to improve the performance of the Federal Board of Revenue (FBR). According to the Prime Minister Office (PMO), Mr Kakar presided over a meeting to mull over the measures for improving the performance of the tax authority.
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh has urged the caretaker government to reduce the petroleum prices by Rs18-20 per litre as a result of the declining trend in world oil prices despite ongoing conflict and supply cuts announced by Saudi Arabia and Russia till December. “I can project that these major producers of oil will continue their
The rupee on Monday continued losing its value despite falling demand for US dollars in the interbank market. The State Bank of Pakistan (SBP) reported the greenback closed at Rs287.55 after gaining 52 paise over last session’s Rs287.03. The local currency has weakened by four per cent against the dollar since the start of the declining trend in mid-October. Currency experts and dealers have
With policy-level discussions boiling down primarily to external financing gap, the visiting staff mission of the International Monetary Fund (IMF) has started direct communications with key bilateral partners to confirm their committed support to Pakistan, including rollovers and additional flows, during the current fiscal year. On the first day of policy-level talks, caretaker Finance Ministe