The government on Friday launched a new fixed tax scheme to bring small traders into the tax net. The initiative targets businesses with annual sales of up to Rs200 million through simplified compliance. Small shop owners, traders, and tax authorities are expected to be directly affected by the move. Finance Minister Muhammad Aurangzeb, Minister of […]
Business
Govt introduces fixed tax scheme for small traders nationwide
The government has introduced a new fixed tax scheme for small traders as part of broader efforts to expand the tax base and improve compliance before the upcoming federal budget. Officials said the initiative aims to simplify taxation while encouraging more traders to formally register their businesses. Moreover, the scheme focuses on reducing complexity in […]
Gold and silver prices decline after market correction
Gold and silver prices in Pakistan moved lower on Friday as both local and international bullion markets faced a mild correction after a brief upward trend. The decline followed recent volatility that had pushed precious metal rates higher, while traders adjusted positions in response to shifting global signals and demand conditions. The price of 24-karat […]
Bitcoin slump deepens as investors chase AI opportunities
Bitcoin suffered a sharp decline this week, recording one of its worst performances in recent years as investors shifted funds toward rapidly growing artificial intelligence companies and high-profile upcoming public offerings. The world’s largest cryptocurrency fell 15% to $62,500, extending a broader market downturn that has unsettled digital asset investors. The latest sell-off has significantly […]
Weekly inflation eases as prices of some essentials decline
Pakistan recorded a slight decline in weekly inflation, according to the latest figures released by the Pakistan Bureau of Statistics, offering some relief to consumers despite continued increases in the prices of several essential commodities. Read More: Weekly SPI declines as annual inflation remains sharply elevated The bureau reported that weekly inflation fell by 0.56 per cent during the latest […]
Federal budget proposes funding for Karachi development projects
The federal government has proposed allocating funds in the upcoming budget for several ongoing and new development projects in Karachi, focusing on transport, infrastructure, healthcare and education initiatives. Read More: Housing ministry faces major Rs8.62bn budget cut in Pakistan According to budget documents, a proposed allocation of Rs1.98 billion has been earmarked for the city’s Green Line […]
Gold prices recorded a modest decline across Pakistan
Gold prices recorded a modest decline across Pakistan on Friday, reflecting a downward trend in international bullion markets. Read More: Gold and silver prices decline in Pakistan after recent rise According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola fell by Rs1,496 during the day. Following the decrease, the […]
Oil falls on hopes of broader peace after Lebanon, Israel halt fighting
Oil prices fell on Thursday as a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the US-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz. Brent futures were down 87 cents, or 0.89%, at $96.92 a barrel by 0458 GMT, while US West […]
Meat exports grow by 4.16%
Meat and meat preparations exports from the country during the last 10 months of current financial year grew by 4.16 percent as compared to the imports of the corresponding period of the last year. Over 97,623 metric tons meat and meat production valued at $443.898 million were imported as compared to the imports of 98,458 […]
SBP-held foreign reserves rise by $43m to $17.9bn
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $43 million on a weekly basis, reaching $17.19 billion as of May 29, 2026, according to data released by the central bank on Thursday. The SBP said the country’s total liquid foreign reserves stood at $22.636 billion during the week under […]