Tax evasion in Pakistan is 956 billion rupees in a year, tax evaders include real estate, tea, cigarettes, tires, oil and pharma sectors. The report of the international research institute Apsos has revealed that only in real estate, 500 billion rupees of tax is evaded in a year, 240 billion rupees are evaded in the…
Photo: File Pakistan Stock Exchange (PSX) had a positive day of business today where the 100 index gained 219 points. The PSX benchmark 100 index closed at 42,142 points after this increase. 100 index remained in a band of 307 points during the business day. 332.5 million shares were traded in the stock market, the…
The price of gold in the country fell for the third day in a row. According to All Pakistan Gems and Jewelers Association, gold has become cheaper by Rs 800 per tola in the country today. After this reduction, the price of gold per tola is 2 lakh 27 thousand 300 rupees. Similarly, the price…
Kashif Chaudhry—File photo Muhammad Kashif Chaudhry, president of the central organization Tajran Pakistan, says that 7400 billion rupees will be spent on debt and interest payments in the budget. Muhammad Kashif Chaudhry, president of the central organization Tajran Pakistan, said in a press conference in Islamabad that debt repayment will cost many times more money…
Tax was abolished on non-filers on daily cash withdrawal of Rs 50,000 from banks The Pakistan Business Council has made some suggestions for the new budget, including a recommendation to impose a withholding tax on withdrawals from banks. According to FBR sources, the budget has proposed to double the advance income tax on vehicles for…
—File photo In the federal budget 2023-24, a proposal to cut more than 7 crore rupees in the development budget of the Ministry of Commerce is under consideration. According to sources, a development budget of Rs 1 billion 10 crore has been proposed for the Ministry of Commerce. It has also been proposed to keep…
—File photo Chairman Pakistan Forex Exchange Association Malik Bustan says that it is being said every day that Pakistan will default, fear God, don’t make such a fuss about default, there is no distant sign of Pakistan defaulting. Talking to the media, he has said that the dollar went between 315 and 320 rupees, credit…
—File photo The US dollar which was expensive in the interbank yesterday and cheap in the open market today has become cheaper by a few paise in the interbank at the beginning of the business. After the dollar became cheaper by 6 paise in interbank today, it became 286 rupees 50 paise. Pakistan Stock Exchange…
Vishkanya means poisonous girl or girls are often mentioned in Hindi myths and stories, especially about Chanakya, the famous advisor and minister of Chandrajit Maurya. His book “Arthashastra” is a famous scholarly book. According to traditions, when a girl is to be made a “Vish Kanya”, she is started to be poisoned little by little…
—File photo The main points of the economic review of the current financial year 2022-23 have come out. According to the document, the economic growth rate for the current fiscal year was 0.29 percent, the target of the economic growth rate for the current fiscal year was 5.01 percent. The growth rate of agriculture sector…
