Bank withdrawal tax is a disastrous mistake repeated, PEW
On Monday, Saifuddin Sheikh, Executive Director of Pakistan Economy Watch (PEW), said that the budget attempts to develop the economy through borrowing, which is not a good option. He said…
Budget allocations will improve the agri sector in the country.
On Monday, former Vice President of the FPCCI, Atif Ikram Sheikh, lauded the measures taken in the budget to develop the agriculture sector. "The agriculture sector has been continuously falling…
Not taxing landlords and shopkeepers is unfortunate; still, debt restructuring is impossible without IMF’s nod.
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said on Sunday that the budget's focus is not the economy but politics and fame.…
Tax target and the deficit will be challenging: Mian Zahid Hussain.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Saturday that the budget is…
Islamabad Industrial Association lauds some budget moves.
President of Islamabad Industrial Association (IIA) Muhammad Ahmed said on Friday that the budget is average for the industrialist community. Lauding the budget has said that IT, SME, solar, and…
Budgetary Targets are unrealistic: FPCCI
Mr. Irfan Iqbal Sheikh, President of FPCCI, has apprised that the federal budget 2023 – 24 presents an unrealistic picture of the economy, and, therefore, the budgetary targets set in…
First expert initial impressions on Pakistan Federal Budget FY24
Based on our initial analysis Federal Budget FY24 is Neutral for the local stock market. IMF has already hinted that the Budget should be consistent with program objective. According to…
Systems Limited and IBM showcase cutting-edge technology at ‘Go Limitless.’
Systems Limited, in collaboration with its partner IBM, hosted Go Limitless, an event focused on business automation, API-led integration, advanced analytics and AI Ops. At Go Limitless, business leaders and…
ACCA proposes budget measures for the tax year 2023-24 to address Pakistan’s economic challenges
ACCA (the Association of Chartered Certified Accountants) has unveiled its budget proposals for the fiscal year 2023-24, highlighting the need for significant shifts in Pakistan's economic policies to tackle pressing…
foodpanda launches “Share The Table” to support local startups
foodpanda, a leading global food delivery network and pioneer in Q-Commerce and technology is excited to announce the launch of its new initiative, "Share The Table," aimed at supporting and…
Tobacco farmers lash out at the government’s unfair policies.
The extraordinary increase in the federal excise duty (FED) on cigarettes imposed by the government has plunged tobacco farmers into a severe crisis. The doubling in prices of legal cigarettes…
Public unrest is increasing due to inflation and unemployment: Mian Zahid Hussain.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Monday that the serious and…
OICCI demands super tax removal and no new taxes or surprises in the upcoming budget
OICCI presented its key taxation proposals for the 2023-24 budget to the Minister of Finance (MOF), Mr M. Ishaq Dar, on June 3rd. The Governor State Bank, top leadership of…
QistBazaar expands its footprint with the opening of 10th facilitation centre in Gulistan-e-Johar
QistBazaar, a leading Buy Now, Pay Later (BNPL) fintech company focused on serving the unbanked population, proudly announces the grand opening of its 10th facilitation centre in the bustling neighborhood…
Conspiracy to weaken the bond between the masses and the army failed.
On Tuesday, Saifuddin Sheikh, Executive Director of Pakistan Economy Watch (PEW), said that those who attacked the state and insulted martyrs for their petty political gains do not deserve any…
Debt and interest payments outstrip government’s revenue: Mian Zahid Hussain.
On Monday, the Chairman of National Business Group Pakistan, President of Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said the payment…
Wheat production is below the rate of population growth in Pakistan.
Brig. (retd) Aslam Khan, Chairman of Pakistan Economy Watch (PEW) said on Monday that the wheat production in the country cannot keep pace with the growing population. Due to reduced…
Federal Budget: likely tax revenue target of PKR 9.1tn and new taxes for next fiscal year
Given the enormous tax revenue target of PKR 9.1tn for FY24, the government is contemplating imposing new taxation measures in the upcoming budget. In this regard, one of the proposals…
NKATI industrialists hold rally to show solidarity with Pak Army
Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI) led a rally to express solidarity with the Pakistani armed forces and institutions. NKATI's Senior Vice President Shabbir…
Pakistan inching towards political stability and economic fundamentals improving.
On Sunday, former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said that Pakistan is inching back to normal as the political crisis that…
Tax policies encourage businesses to join the informal sector.
On Sunday, former Vice President of FPCCI Atif Ikram Sheikh said the tax-to-GDP ratio is below 10 percent in Pakistan, which is below the level required for any proper economic…
Pakistan Aluminium Beverage Cans expansion will be completed in August this year.
Pakistan Aluminium Beverage Cans Limited (PABC) held its analyst briefing earlier today, wherein the management discussed the following: * The company has posted Net Profit of PkR2.7bn…
The political turmoil destroying Pakistan’s economy
On Friday, a former president of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said the political upheaval and other factors had destroyed the country's economy.…
Business community pinning high hopes on 5th China-Pakistan-Afghanistan Trilateral Foreign Ministers’ Dialogue
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the business community…
“Impact of the G20 Conference in Srinagar on the Kashmir issue”.
Arts Council of Pakistan Karachi Organized a seminar on the topic of "Impact of the G20 Conference in Srinagar on the Kashmir issue" with the collaboration of the Human Rights…