Prime Minister Shehbaz Sharif on Tuesday gave instructions to take up the issue of reduction in some of the income taxes with the International Monetary Fund (IMF) after his income tax panel proposed a Rs975 billion relief package for corporate and salaried classes. The recommendations include reducing the tax burden on the salaried class by 25%, abolishing the income tax surcharge and withdraw
A three-member Chinese delegation from Tianjin Chuanhui Group visited the Board of Investment’s Project Management Unit (PMU) for CPEC on December 1, as a follow-up on the Prime Minister-led Pak-China B2B Investment Conference in Beijing, where an MoU was signed to enhance bilateral industrial cooperation. For its implementation phase, an orientation meeting was held with BOI and relevant ministri
Pakistan’s fintech sector is witnessing a dramatic upswing, with investments jumping from USD 12.5 million in 2023 to USD 26.3 million in 2024, and surging further to USD 52.5 million in just the first six months of 2025 According to Forbes, Pakistan’s fintech landscape is experiencing remarkable momentum as government-led reforms, policy stability, and digitalization initiatives continue to boost
OPEC+ members will undergo an annual assessment of their oil production capacity starting next year for use in 2027, OPEC+ sources said, to ensure that the group sets output quotas that are more closely aligned with each country’s real capacity. This follows an agreement reached on Sunday which marks progress in resolving what has been a thorny issue for OPEC+ for years, and is expected to boost t
Oil prices fell for a second day on Wednesday as investors waited to see if peace talks in the Russia-Ukraine war could open up more supply amid wider concerns about a surplus, highlighted by rising inventories. Brent crude futures were down 13 cents, or 0.21%, at $62.32 a barrel at 0221 GMT, after falling 1.1% in the previous session. U.S. West Texas Intermediate crude lost 12 cents, or 0.20%,