Pakistan has developed its first-ever complete policy framework for the regulation of virtual assets (VAs) and virtual asset service providers (VASPs), marking a significant step towards conforming to international financial integrity norms and promoting responsible digital innovation. A spokesman for the FIA said in a press release on Thursday that this framework has been developed by the Nati
Overall auto sales —cars, LCVs, pickups and jeeps—clocked in at 11,098 units in March, reflecting an 18 per cent year-on-year (YoY) rise but fell by 8pc month-on-month (MoM). The MoM decline was mainly due to a high base in February, when car sales typically surge at the start of the year, along with lower sales and delayed deliveries during Ramazan amid shorter working hours and subdued consum
US President Donald Trump’s steep tariff hike targeting Chinese goods, which took effect on Thursday, brings Washington’s additional rate on many products to 145 per cent, the White House has confirmed. Trump’s 90-day halt in fresh duties for dozens of countries has come into place, a White House order showed.But he has also doubled down by raising new tariffs on Chinese imports to 125pc, a fig
The Federal Board of Revenue (FBR) informed the National Assembly that the salaried class has become the third largest contributor to tax payments, with overall collections experiencing significant growth over the past three years. The FBR has provided a written response to the enquiries posed by MNAs Syeda Shehla Raza, Muhammad Moin Aamer Pirzada, Ms Shazia Marri, and Naveed Aamir concerning t
Despite a massive cut in the benchmark interest rates, the private sector continued retiring loans as bank advances plunged 52 per cent in the January-March quarter. The State Bank of Pakistan (SBP) slashed its policy rate by a staggering 1,000bps to 12pc from an unprecedented level of 22pc since June 2024. The SBP data on Thursday showed that the private sector kept returning bank money it