12

Jul

IMF proposes 45% tax on agriculture income

By Shahbaz Rana Published in The Express Tribune on July 11, 2024 ISLAMABAD: As Pakistan seeks a multibillion-dollar bailout from the International Monetary Fund (IMF) to stabilise its chronically ailing economy, the global lender has suggested imposition of a standard individual income tax rate of up to 45% on agriculture income – something that may end the […]

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11

Jul

Pressure building

By Khurram Husain Published in Dawn on July 11, 2024 THERE is no precedent in our history of such a long and intense spell of inflation gripping the country. It has never happened before. Pakistan has had bouts of high inflation, with the last one running roughly from early 2008 to 2010 or so, depending on which[…]

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10

Jul

Remittances rise 11pc to reach $30.3bn

By Shahid Iqbal Published in Dawn on July 10, 2024 KARACHI: The country received over $30 billion in remittances in FY24, showing an increase of 10.7 per cent over the last fiscal year, while inflows for last month jumped by 44pc year-on-year, the central bank reported on Tuesday. The country received almost $3bn more than the receipts[…]

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