[ad_1] The logo of Fitch Ratings can be seen above the main entrance of their office building. — Reuters/File Fitch downgrades Pakistan due to a host of underlying factors. “Default or debt restructuring…
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Latest news
New rate of Toyota cars in Pakistan after price hike
[ad_1] A Toyota Mirai car is seen during a presentation at the 16th Shanghai International Automobile Industry Exhibition in Shanghai, April 21, 2015. — Reuters Indus Motor Company (IMC), the maker of…
Following president’s advice, govt to move parliament for ‘mini budget’ nod
[ad_1] President Dr Arif Alvi (left) meets Federal Minister for Finance and Revenue Senator Ishaq Dar at the President’s House in Islamabad on February 14, 2023. — President’s House Finance minister briefs president about talks…
GST increased by 1%, duty on cigarettes hiked on IMF demand
[ad_1] Federal Finance Minister Ishaq Dar. —APP/File Standard rate of GST has been jacked up from 17 to 18%. It would go into effect from February 15, 2023. Tax Amendment Bill 2023…
Price of petrol, diesel may increase by Rs32 per litre from Feb 16
[ad_1] Customers gather to buy petrol at a petrol station in Karachi, Pakistan July 26, 2017. — Reuters/File US dollar exchange rate stands at 271.82 for next fortnight. Mogas price would likely go…
Inflation in Pakistan could average 33% in first half of 2023, says Moody’s economist
[ad_1] Image shows a vegetable seller in Pakistan.— Reuters.file Economy needs persistent and sound economic management. Consumer price index rose 27.5% year-on-year in January. Current foreign exchange reserves barely cover 18 days…
Coffee trumps economic crisis as Tim Hortons opens in Pakistan
[ad_1] People wait for their turn to get in Tim Hortons Cafe and Bake Shop, in Lahore, Pakistan, February 14, 2023. — Reuters LAHORE: Pakistanis are queuing for hours to grab coffee…
How much FED is imposed on local cigarettes?
[ad_1] The picture shows a representational image of cigarettes. — Geo.tv illustration The federal government decided on Wednesday to increase the Federal Excise Duty (FED) on cigarettes in a bid to fetch…
Govt extends date for encashment of prize bonds
[ad_1] An undated image of prize bonds. — Online The State Bank of Pakistan (SBP) on Wednesday announced an extension for the encashment and redemption of the withdrawn prize bonds of Rs7500, Rs15,000,…
‘Optimism’ drives rupee’s recovery against dollar
[ad_1] Men exchange Pakistani banknotes at a shop counter in Peshawar, Pakistan, on November 17, 2017. — Reuters Rupee gains 1.96 against dollar in interbank market. Market optimistic about IMF deal going…