An employee has Pakistani rupee tickets in a Peshawar bank. – Reuters / File 1026 Taxpayers do not pay a super taxman RS167.9bn. 1,084 taxpayers claimed unacceptable commercial fees. The concealment of income results in 54.2 billion rupees in unpaid tax. Islamabad: At a time when Pakistan desperately needed to increase its income and expand … Read more
An employee has Pakistani rupee tickets in a bank in Peshawar, Pakistan, August 22, 2023. – Reuters Karachi: Foreign direct investments flock to Pakistan despite systemic corruption, according to a new study that exposes structural defects that lead capital to fragile sectors. A memory of Politics of Islamabad Policy Research Institute (IPRI) reveals that foreign … Read more
A reserve bank of India (RBI) logo is seen inside its head office in Mumbai, India, April 6, 2023. – Reuters Loan frauds reached $ 331.48 billion this year. Public sector banks said 6,935 cases of fraud. Card and online fraud totaled 5.20 billion pounds sterling. Mumbai: Banking fraud in India reached a record of … Read more
A street seller sells dried fruit in a Karachi market. – AFP / File A recent conflict with India is unlikely to derail the recovery: report. Inflation goes from 40% to zero Eurobonds, the stock market has a strong recovery Pakistan has achieved a rare “macroeconomic miracle” in the past two years that has drawn … Read more