Pakistan’s parliament passed the Finance Act 2024, which has come into force. Most of the media commentators, analysts and economists have criticised this year’s budget and called it tax laden. They are of the view that the government has burdened the existing formal sector and adopted new taxation measures, which would affect the masses to a great extent. The government has followed fiscal
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Capital Office Chairman Karim Aziz Malik has said that export-led growth is necessary for economic revival and increasing the pace of development in the country. “At this time, search for new potential markets and product diversification is very important for export-led growth,” remarked Malik while talking to APP on Saturday.
Looming US interest rate cuts are presenting investors with a tough choice: stick with the Big Tech stocks that have driven returns for more than a year or turn to less-loved areas of the market that could benefit from easing monetary policy. Owning massive tech and growth companies such as Nvidia, Microsoft and Amazon has been a hugely profitable strategy for investors since early 2023, even a
THE provinces have become the favourite punching bag of Islamabad, donors and commentators. They are being chastised for failing to generate adequate resources to fund their constitutional responsibilities and provide social and economic services, such as law and order, education, health, water and sanitation, etc. This article examines the fairness of this censure, without getting into the merits
Prime Minister Shehbaz Sharif on Saturday said that Pakistan needed to embark on a “long and difficult journey” to prevent knocking on the doors of the International Monetary Fund (IMF) again. “If we want to get rid of loans, we need to consider this IMF programme as the final one,” he said. In the wee hours of Saturday, the international lender announced that Pakistan and the Fund had reach