PAKISTAN has exempted tomato and onion import from Afghanistan and Iran from sales and withholding tax for four months. However, after initial consideration, the federal government deferred a decision on the import of such commodities from India. Torrential rains and flash floods have put additional pressure on Pakistan’s already ailing economy, and the government has yet to reveal a comprehensive
LORD, we know what we are, but know not what we may be.” Shakespeare alludes to human potential which is always higher than its present condition. Allama Iqbal elaborated on this idea in his famous couplet that translates to ‘elevate yourself so high that even God, before issuing every decree of destiny, should ask you: Tell me, what is your intent?’ Iqbal wanted every person to develop their ‘
The Pakistani rupee lost Rs2 against the US dollar in the interbank market on Wednesday as the greenback continues to strengthen globally with the dollar index — which measures the greenback against six major peers — witnessing a fresh 20-year high. The rupee closed at Rs223.42, down Rs2 from the previous day’s close of Rs221.42. Saad bin Naseer, director of Mettis Global, a financial data a
Importers have suspended import of fresh fruits from Afghanistan as a protest against an increase in regulatory duty by the Federal Board of Revenue from Rs20,000 to Rs95,000 per tonne. Hundreds of trucks loaded with fresh and dried fruits have been stranded at Customs House in the border town of Chaman, as the importers have refused to pay increased taxes and suspended import from Afghanistan.
Finance Minister Miftah Ismail said on Wednesday the application of fuel cost adjustment (FCA) on electricity bills had been deferred, not waived, on the orders of the prime minister, but promised that electricity rates and inflation would start declining after a month. He was speaking at a joint news conference with Defence Minister Khawaja Muhammad Asif, who said the finance minister would be