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Only 91 New Retailers Join Tax Scheme, FBR’s Rs. 50 Billion Target in Jeopardy
The Federal Board of Revenue (FBR) has informed the International Monetary Fund (IMF) that only 1,016 retailers have filed tax
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Pakistan and world business news from seven outlets, one story per event. Updated just now.
214 stories matching “AI” · Clear
Shell raises Q3 gas output forecast
Shell’s third-quarter integrated gas production was expected to be about 740,000 to 780,000 barrels of oil equivalent per day, the company said on Wednesday, compared with a previously expected…
Business Recorder
Salaried Class Pays Rs. 144 Billion Tax in Q1, Far More Than Retailers and Real Estate Combined
Pakistan’s salaried class paid Rs. 144 billion in income tax during July to September, exceeding the combined Rs. 54 billion
ProPakistaniMari Energies Allowed to Temporarily Import Aircraft for Surveys
The government has allowed Mari Energies to temporarily import an aircraft for airborne field detection surveys in selected areas of
ProPakistaniArsalan informs CAIP forum: Sindh to benefit from climate resilience, urban uplift investments
MANILA: Sukkur Mayor and Spokesperson Sindh Government Barrister Arsalan Islam Shaikh has highlighted major climate resilience, urban development and municipal investment initiatives for Sindh…
Business Recorder‘External trade once again flashing warning signal’
KARACHI: Pakistan’s external trade is once again flashing a warning signal, as export growth loses momentum while imports continue to rise sharply.
Business RecorderMSP for wheat: Provincial consensus vital for fair returns for farmers: Tanveer
ISLAMABAD: Federal Minister for National Food Security and Research Rana Tanveer Hussain on Tuesday said that the announcement of an appropriate Minimum Support Price (MSP) for wheat, with the…
Business RecorderLondon stocks gain on softer oil, easing gilt yields; Defence shares fall
The UK’s FTSE 100 advanced on Tuesday as a retreat in bond yields and softer oil prices calmed investors following last week’s bond-market volatility, while losses in defence stocks capped gains.
Business RecorderIT gains boost Sri Lankan shares
Sri Lankan shares closed higher on Tuesday, helped by gains led by IT stocks The CSE All Share index settled up 0.29% at 20,650.23 Serendib Hotels PLC and Ambeon Holdings PLC were the top percentage…
Business RecorderUN chief praises Pakistan’s role in US-Iran talks, calls trust ‘important’
United Nations Secretary-General António Guterres on Tuesday praised Pakistan’s role in facilitating dialogue between the United States and Iran, saying the trust placed in Islamabad by both sides…
Business RecorderIndian rupee hits two-month low on outflows, investors await RBI outcome with hike priced in
MUMBAI: The Indian rupee declined to its weakest level in over two months on Tuesday, hit by outflows from local equities, while traders turned their focus to the Reserve Bank of India’s monetary…
Business RecorderShehbaz warns protests could hurt economic gains, urges PTI to reconsider
Prime Minister Shehbaz Sharif on Tuesday urged the Pakistan Tehreek-e-Insaf (PTI) to call off its long march, warning that protests and road blockades could disrupt economic activity and affect the…
Business RecorderInternational Oil Prices Crash Again
International oil prices fell to as low as $87 on Tuesday after supply levels suddenly returned to pre-war levels. Independent
ProPakistaniEuropean shares gain as Genmab jumps, bond yields retreat
European shares rose to near one-week highs on Tuesday , as Genmab led gains in healthcare stocks, while euro zone bond yields took a breather after rallying on fiscal and inflation concerns.
Business RecorderUS-based edtech Kollegio founded by Aitchison students raises over $5.3mn pre-Series A
Education technology startup Kollegio, founded by two former Aitchison College students, Senan Khawaja and Saeed Naeem, has raised a new round of capital, bringing its total pre-Series A funding to…
Business RecorderIndia bonds slip as traders wait for hawkish central bank action
MUMBAI: Indian government bonds fell in early deals on Tuesday as investors braced for hawkish central bank monetary policy, with traders fearing additional policy actions.
Business RecorderAustralian shares set for third day of gains as weaker oil boosts risk appetite
Australian shares were set to rally for a third straight session on Tuesday, as falling oil prices eased inflation concerns and record Wall Street gains boosted risk appetite, lifting miners and…
Business RecorderGlobal telecom operator VEON raises Pakistan investment plan to $1.5bn from $1bn, says Aurangzeb
VEON, a global digital operator that provides mobile connectivity and services, has increased its planned investment in Pakistan over the next three years to $1.5 billion from $1 billion, Finance…
Business Recorder
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