FMCG industry pushes for GST reform

Says Third Schedule expansion will curb tax evasion, apply full levy at manufacturing stage LAHORE: Pakistan’s fast-moving consumer goods (FMCG) industry has urged the government to expand the scope of the Third Schedule under the General Sales Tax (GST) regime, arguing that the move will improve price transparency for consumers, reduce tax evasion, and simplify … Read more

CCP clears PIA acquisition by consortium

. ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of Pakistan International Airlines Corporation Limited (PIA) by PIA Equity Limited, a special purpose vehicle formed by a consortium including Arif Habib Corporation, Fatima Fertiliser, Lake City Holdings, City Schools and AKD Group, according to a statement issued on Wednesday. The transaction … Read more

Saheefa Khattak claps back at critics after tennis outfit ‘controversy’

photo saheefajabbarkhattak instagram

Model Saheefa Jabbar Khattak clapped back at critics this week, sharing photos of her gym looks following backlash over her recent “tennis” inspired outfit in a phone commercial. Khattak had released a tennis-themed advertisement for a phone company in a collaborative Instagram post, where she was seen wearing a white mini skirt paired with a … Read more

Gold slides further as global cues weigh

KARACHI: Gold prices in Pakistan extended their decline on Wednesday, tracking losses in the international market, where bullion fell for a third consecutive session amid uncertainty over global monetary policy and geopolitical tensions. In the local market, the price of gold per tola dropped by Rs5,500 to settle at Rs479,562, according to rates issued by … Read more

Fed holds rates steady amid sharp divide

Leaves benchmark overnight interest rate in 3.50%-3.75% range, cites inflation concerns WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, but in its most divided decision since 1992 noted rising concerns about inflation in a policy statement that drew three dissents from officials who no longer feel the US central bank should communicate a … Read more