Islamabad, May 12, 2024 :Pakistan’s cotton yarn exports to China surpassed $166.37 million, marking a 65.85% increase in the first quarter of 2024. According to data from the General Administration of Customs of the People’s Republic of China (GACC), imports of uncombed single cotton yarn containing 85 percent or more from Pakistan reached over $99.12…
Islamabad, May 12, 2024 : Pakistan Government to Likely Eliminate Tax Exemptions in FY2024-25 Budget at IMF’s Request. Budget proposals for FY2024-25 suggest Pakistan’s plan to gradually remove exemptions on sales and income tax. Additionally, the government is contemplating levying sales tax on tractors and pesticides, which could result in increased prices for these crucial…
Lahore, May 12, 2024 : Finance Minister Muhammad Aurangzeb announced on Sunday that the IMF team has arrived in Pakistan, with talks for a new loan program set to commence on Monday. Speaking at a pre-budget seminar, the finance minister emphasized the crucial role of the private sector in navigating the country through challenging times….
Islamabad, May 12, 2024 : Following the February 8th general election, the International Monetary Fund (IMF) has voiced concerns regarding the persistent political uncertainty in Pakistan. In its latest report on Pakistan’s political landscape, the IMF expressed worry about the continued political uncertainty in the country. Despite the formation of a coalition government by the…
Karachi, May 12, 2024 : Next month, the European Air Safety Committee is expected to approve the renewal of PIA and Vision Air flights’ Third Country Operators’ Permits. In a recent update, the European Commission and the European Aviation Safety Agency (EASA) have referred the decision regarding the flight ban of Pakistan International Airlines (PIA)…