Peshawar- On August 3 and 4, U.S. Ambassador Donald Blome visited Khyber Pakhtunkhwa (KP) to highlight the U.S. government’s extensive economic and development assistance, which has benefited Khyber Pakhtunkhwa residents over the past 75 years of bilateral relations. Ambassador Blome met with Chief Minister Mahmood Khan during his trip and emphasized the United States’ desire…
Nearly half of Pakistan’s budget will go to paying interest on domestic and foreign debt totalling Rs 3.9 trillion in the upcoming fiscal year 2022-23. In the current fiscal year, the government has allocated Rs 3.059 trillion for mark-up payments on domestic and foreign debt. According to revised estimates, actual payments amounted to Rs 3.143 trillion…
The HEVs are an immediate solution as they can consume less foreign exchange and reduce CO2 and Oil import bills while there will be no infrastructure investment, said Ali Asghar Jamali, CEO of IMC. Some other advantages of HEVs include cleaner emissions as compared to the internal combustion engines as the hybrid cars employ both electric…
The cigarette makers have called for an increase in advance tax in the next fiscal year’s budget to curtail illicit trade. It will also help to discourage sales by unregistered cigarette brands. They have demanded in their budget proposals submitted to the Federal Board of Revenue (FBR). Three major key players in…
As the talks start in Doha, the new government will try to convince IMF over subsidies amid the recent political crisis. Earlier, Pakistan had committed to increasing oil prices to avail IMF program. But prime minister Shahbaz Sharif had refused to increase oil prices due to possible political backlash. Now, allies of…
The international players have demanded that government authorities finalize a plan of cryptocurrency regularization to check capital flight. One of the key international players in the field – RAIN, the first licensed crypto-asset company, has suggested that the government tax crypto assets and formulate regulations in this regard. “No country or individual can remain away…
SECP has made high-value illiquid assets accessible to smaller investors under a concept note on “Asset Fractionalization”. In line with SECP’s continuous efforts for modernizing the corporate sector and making it more inclusive, SECP has published a concept note on “Asset Fractionalization”, which is now open for public comments. The aim of exploring the potential…
The price of urea fertilizer stands at Rs4,365 per 50 bag in domestic market. The price of urea in Pakistan have witnessed a decline during the year. The price of a 50 kg bag of urea has witnessed a decline of 7.2 percent to Rs4, 365 in July 2025. The price stood at Rs4,705 in…
Car sales of local assemblers are likely to grow by 29% to 25,720 units in March 2022. The sales stood at 20,009 units during the same month last year, led by Pakistan Suzuki (PSMC). Barring PSMC, sales growth may slow down at 9%. Our estimates include provisional sales of major local players listed…
Member Public Accounts Committee (PAC) Khawaja Asif has alleged the import of 10,000 CBU MG vehicles through under-invoicing. However, no action has been taken against them so far. The Federal Board of Revenue (FBR) Chairman informed a parliamentary panel on Wednesday that the process of verifying under-invoicing by MG Motors is going on despite the…