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UK finance minister Healey set to pay for budget giveaways without more borrowing, FT reports
UK Finance Minister John Healey is expected to pay for all new giveaways in this month’s budget, including a cost-of-living package, with higher taxes or spending cuts rather than more borrowing…
Business Recorder
Dollar languishes as focus turns to CPI, Fed speakers
TOKYO: The dollar languished on Wednesday as traders awaited fresh signals on the timing for interest rate hikes to contend with persistent inflation.
Business RecorderAddressing rising costs, arresting decline: PTEA wants 6-8pc DLTL support tied to 10pc rise in exports
ISLAMABAD: Pakistan’s textile exporters have sought temporary Drawback of Local Taxes and Levies (DLTL) support of 6-8 percent, linked to a 10 percent increase in exports, as part of a broader…
Business RecorderDeveloping nations: Aurangzeb seeks stronger World Bank, IMF support
BANGKOK: Federal Finance Minister Muhammad Aurangzeb has called for reforms to the global financial system, warning that trade barriers and climate change are creating additional challenges for…
Business RecorderCashless drive: Govt tightens digital payments oversight, plans tax reforms
ISLAMABAD: The government has decided to tighten the definitions of active digital payment users and merchants and introduce tax policy reforms to accelerate Prime Minister’s Cashless Pakistan…
Business RecorderCold-rolled steel coils & sheets: NTC extends anti-dumping duties for 5 more years
ISLAMABAD: The National Tariff Commission (NTC) has extended anti-dumping duties on imports of cold-rolled steel coils and sheets originating in or exported from China for another five years, citing…
Business RecorderSBP directs banks to put on hold sugar exports by mills located in Khyber Pakhtunkhwa
The State Bank of Pakistan (SBP) directed commercial banks on Tuesday to put sugar exports by the mills located in Khyber Pakhtunkhwa’s (KP) on hold till the provincial administration endorses the…
Business Recorder
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