The Federal Board of Revenue (FBR) has submitted a summary to the federal cabinet requesting the withdrawal of Federal Excise Duty (FED) on property transactions. “We will issue a notification after the cabinet approves the summary,” FBR Chairman Rashid Langrial told Dawn on Wednesday. In the Finance Act 2024, the government has imposed 3 per cent FED on filers, 5pc on late filers and 7pc on
The agricultural sector in Punjab has become a battleground for conflicting narratives, with farmers expressing deep distress while the provincial government touts its efforts to support them. Khalid Khokhar, President of the Pakistan Kisan Ittehad, held a press conference in Lahore, vehemently criticising the government’s handling of the agricultural crisis. “The throat of farmers and culti
Bull maintained their hold of the trade floor at the Pakistan Stock Exchange (PSX) on Monday as shares climbed more than 1,000 points on strong macroeconomic indicators. The benchmark KSE-100 index increased by 847.96, or 0.72 per cent, to stand at 118,163.54 from the previous close of 117,315.58 at 11:18am. At 12:40pm, the index surged 1,477.00, or 1.26pc, to stand at 118,792.58 from the la
The 300 local and foreign delegates participating in a two-day mineral summit in Islamabad have renewed hopes of growing foreign interest in Pakistan’s mineral sector, which remains unexplored for want of financing and access to technology. Addressing the Pakistan Minerals Investment Forum, Prime Minister Shehbaz Sharif said the country’s mineral wealth, “worth trillions of dollars”, could free
The escalating United States-China rivalry — driven by trade tensions, tech competition, and shifting alliances — is reshaping the global order. The Cold War’s focus on strategic geography has given way to a world led by economic agility and innovation. At this crossroads, India is leveraging its market size and reforms to grow its global clout, while Pakistan faces economic challenges as it seeks