KARACHI: The business community has suggested a cut down in sales tax from 17 to 5 percent, which according to them would result in the increase of tax revenue. Federation of Pakistan Chamber of Commerce and Industry (FPCCI) president Zakaria … read more
SINGAPORE: Moody’s Investors Service says that Pakistan’s Caa1 government bond rating with a negative outlook reflects the country’s very low institutional and fiscal strength, its weakened external position and large government financing needs. Moody’s views were outlined in its just-released … read more
HONG KONG: Hong Kong stocks slipped 0.29 percent in early exchanges on Monday following losses on Wall Street at the end of last week while investors await the release of Chinese manufacturing data later in the day. The benchmark Hang … read more
ISLAMABAD: Finance Minister Ishaq Dar on Sunday expressed hope the national economy would grow by over 4 per cent during the current fiscal year (2013 14). Inflation would remain in a single digit spurred by growth in both agricultural and … read more
Islamabad: Pakistan has received US 400 million from the Asian Development Bank (ADB) on account of support to the Government of Pakistan’s ongoing reforms to tackle the country’s chronic energy crisis on Saturday. In recognition of government’s commitment to carry … read more