Politics seems to have gotten the better of the wheat market in Pakistan. Political preferences have been ruling pricing policy for the last two months, and of late, even the position of stocks is interpreted through a political prism. The rulers, impervious to market consequences and beholden to their party politics, are playing an acrimonious blame game that is adding fuel to the flour price fir
Is “Daronomics” or economic policies followed by our Finance Minister Ishaq Dar good or bad for our economy? Most commentators give a “yes” or “no” answer. However, this response is generally not based on objective criteria but on political partiality. This article presents a four-year comparison of three key economic indicators during the three previous governments. It also suggests the way forwa
The removal of Pakistan from the grey list of the Financial Action Task Force (FATF) will boost the economy by attracting foreign direct investment as well as address the liquidity issues faced by Islamabad, said the business community on Sunday. As it hailed the decision of the terror financing watchdog, business leaders said the FATF exit will restore the confidence of international financial
The government has dismissed an IT industry’s demand for waiving a ‘negligible’ tax on its services to support the sector’s faltering exports but agreed to provide maximum facilitation, including exemption from audit by the tax authorities. Presiding over a meeting of the IT sector on Sunday, Finance Minister Ishaq Dar observed that the effective tax rate on the sector was about 0.25 per cent,
The benchmark index of the Pakistan Stock Exchange moved in both directions on Thursday ahead of the expected announcement from the Financial Action Task Force, which is likely to reclassify Pakistan into its white list from the grey list. Topline Securities said the KSE-100 index opened in the green zone and made an intraday high of 196 points (0.46 per cent). But profit-taking kicked in after