The government may impose a 20% income tax on offshore digital services, introducing a 10-year prison sentence for sales tax fraud, and empowering junior Federal Board of Revenue (FBR) officers to arrest suspects without prior approval from higher authorities. The government is also considering empowering FBR officers with the power to request placing individuals involved in tax fraud on the Ex
European and Asian stock markets rose on Monday and bitcoin soared to a new high as Donald Trump prepared to re-enter office as president of the world’s biggest economy. The dollar slid more than one per cent versus the euro and lost similar ground against the pound after The Wall Street Journal reported that Trump would not immediately impose tariffs upon his inauguration. The dollar shed 1
Rousch Pakistan Power Ltd (RPRL), an independent power producer (IPP), has handed over its complex to the designated government entity after receiving all the agreed dues from the Central Power Purchasing Agency (CPPA). Altern Energy Ltd (AEL), the parent company of RPPL, in a stock filing on Monday said the subsidiary, as per terms of its Negotiated Settlement Agreement (NSA), has terminated i
The oil import bill posted a paltry growth of over 1 per cent in the first half of the current fiscal year from a year ago, showed data released by the Pakistan Bureau of Statistics (PBS) on Monday. The data analysis suggests that all the groups, including petroleum goods, consumer durables and raw materials, witnessed a growth in imports in July-December 2024-25 over the same period last year.
The textile and clothing exports grew 9.67 per cent in the first half of 2024-25, data released by the Pakistan Bureau of Statistics showed on Monday. The textile exports maintained a bullish trend with robust growth of 13pc in August, 17.92pc in September, 13.11pc in October, 10.81 pc in November and 5.55pc in December, respectively. However, exports contracted 3.09pc in July -- the first mont