Only two new traders have so far opted for the 1% fixed tax scheme while another 315 shopkeepers who have filed returns are already part of the tax regime – an outcome that suggests that the government's scheme may fail. With only a week left in the deadline to file returns, a mere Rs26 million, with an average of Rs81,944 per trader, could be generated so far against the annual target of colle
The Petroleum Division has announced decrease in ex-depot prices of petrol and High-Speed Diesel (HSD) for September 23, following global oil price fluctuations linked to the Middle East conflict. According to the official notification, the ex-depot price of petrol fell by Rs1.70 per litre from Rs393.75 to Rs392.05 per litre. While HSD price dropped by Rs3.12 per litre to Rs418.96 per litre.
Oil prices drifted lower on Wednesday as Saudi Arabia began restoring crude supply on a critical pipeline to the Red Sea and on hopes for a diplomatic solution to the US-Iran war through talks at the UN in New York. Brent crude futures fell 7 cents, or 0.07%, to $99.18 a barrel as of 0119 GMT while West Texas Intermediate futures fell 35 cents, or 0.39%, to $90.17 per barrel. While US Pres
Pakistan equities opened the week on a firmer footing on Monday, with the benchmark KSE-100 index gaining ground as easing oil prices and hopes for diplomatic progress on the Iran conflict encouraged buying interest, although the early rally lost some momentum during the session. The KSE-100 index ultimately posted a thin gain of 268.58 points, or 0.16%, to close at 171,153.17. The index traded
Deputy Prime Minister and Foreign Minister Ishaq Dar stressed the significance of GSP+ status for Pakistan’s trade relations with the European Union (EU) in a meeting with EU High Representative for Foreign Affairs and Security Policy Kaja Kallas on Monday. According to a statement issued by the Foreign Office, the meeting took place on the sidelines of the 81st session of the United Nations Ge