Several parliamentary committees have raised serious concern over an international road-building project funded by the Asian Development Bank, citing alleged collusive practices and ghost tendering among other irregularities by the National Highway Authority in the award of the project. The standing committees of the Senate and the National Assembly on Economic Affairs Division (EAD) and commun
Indian Prime Minister Narendra Modi’s deepest tax cuts in eight years will strain government revenues but are winning praise from businesses and political pundits who say they will bolster his image in an ongoing trade fight with Washington. In the biggest tax overhaul since 2017, Modi’s government on Saturday announced sweeping changes to the complex goods and services tax (GST) regime which w
Business leaders on Saturday called on the government to create a pro-business environment by cutting interest rates, lowering power tariffs, and supporting export-led growth. Speaking at a joint press conference on the economic roadmap, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh and United Business Group Patron-in-Chief S.M. Tanveer said reduci
Foreign investors dumped government treasury bills (T-bills) worth $49 million in July, the first month of FY26, while fresh inflows shrank to just $13 million, exposing the continued weakness in investor appetite despite signs of macroeconomic stability. Latest data from the State Bank of Pakistan shows that almost the entire inflow during the month came from the United Kingdom ($13.07m), whil
The import of used vehicles jumped by nearly 41 per cent in the second half of FY25 following the introduction of faceless customs clearance, though revenue growth remained marginal, indicating limited fiscal gains despite higher volumes. Between Dec 16, 2024 and June 30, 2025, a total of 25,347 vehicles were imported under the new system compared to 17,958 units cleared during June 1 to Dec 15