Pak Suzuki Motor Company Ltd on Wednesday jacked up the car prices for the fourth time in the current calendar year. Without giving any reason in its circular issued to the dealers, Pak Suzuki raised the prices by Rs88,000-235,000 of various models from April 6. The new prices of Alto VX, VXR, VXR AGS and AGS models have been raised to Rs2.252 million, Rs2.612m, Rs2.799m and Rs2.935m, a rise
The World Bank has suggested a number of measures to address Pakistan’s chronic fiscal deficits, including a cut to the funding of projects that now fell within the provinces’ domain. Briefing journalists, the World Bank’s senior macroeconomist Derek Chen said the federal government was still spending around Rs328bn every year on federal ministries devolved to the provinces around 15 years ago.
In a significant development, the National Tax Council (NTC) on Wednesday approved the much-awaited Place of Provision of Service Rules (PPSRs), a step towards harmonising general sales tax on services across the country and ultimately easing the doing of businesses. Harmonising GST on services is a condition of the International Monetary Fund (IMF) to unlock funding to Pakistan stalled since D
Pakistan’s economy is in a tailspin, going from crisis to catastrophe and now the system is becoming unhinged, warns Pakistani-American economist Atif Mian. Mr Mian, a professor of economics at the prestigious Princeton University and the first Pakistani to rank among the 25 top economists of the world, blames “judiciary, politicians, and generals” for this situation. “The last couple of yea
Share prices rose initially on Monday, but pessimism soon overpowered the bulls and drove down the representative index of the Pakistan Stock Exchange. Arif Habib Ltd said a lack of investors’ involvement pushed the index into the red territory soon after the opening bell rang. Trading remained subdued for the rest of the session with prices swinging in both directions before closing on the low