A vendor displays different fruits to attract customers at his stall in Hyderabad on February 11, 2023. — APP FBR chief admits revenue leakage of Rs1.2tr in income tax sector. Langrial presented strict measures to improve tax compliance. The official admits that falling inflation has affected revenue collection. ISLAMABAD: Federal Board of Revenue (FBR) Chairman … Read more
View of K-Electric headquarters, with solar panels in the parking lot, in Karachi, January 24, 2023. — Reuters The government suggests lowering the base tariff of KE to Rs 34.87 per unit. Proposes to adjust the depreciation rates of the supplier’s assets. Objections raised on electricity supplier’s working capital. ISLAMABAD: The government has opposed K-Electric’s … Read more
Federal Reserve Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve December 18, 2024 in Washington, DC. -Reuters The US Federal Reserve cut interest rates on Wednesday, with Chairman Jerome Powell warning that further reductions would depend on significant progress in tackling persistently … Read more
A stockbroker looks at an index showing the latest stock prices on the Pakistan Stock Exchange in Karachi. — AFP/File The capital market is experiencing a recovery, gaining 1913.56 points. Rebound driven by renewed investor optimism and a fall in rates. Stocks are bullish after NSS rate cut, says analyst. The capital market saw a … Read more
Parts of the Great Barrier Reef have suffered the highest coral mortality ever recorded, Australian research showed on Tuesday, with scientists concerned the rest of the area may have suffered a similar fate. The Australian Institute of Marine Science said studies of 12 reefs found up to 72 percent coral mortality, thanks to a summer … Read more
Prime Minister Shehbaz Sharif has welcomed the State Bank of Pakistan’s decision to cut its policy rate by 2%, calling it a positive step for the country’s economy. He expressed optimism that lower interest rates would boost investor confidence and increase investments in Pakistan. “The reduction in the policy rate is a welcome step for … Read more