Business

Web Desk — The International Monetary Fund (IMF) and Pakistan move closer to the revival of their loan package on Saturday as Islamabad has taken several steps in compliance with the IMF demands to reduce its expenditure, increase energy prices and improve tax collection. The moves bring Pakistan closer to meeting an IMF demand that the country achieves a primary …

Web Desk — On the first day of vehicle registration in the new financial year, there has been a huge increase in registration and transfer fees. Excise officials said that withholding tax on vehicle transfers would be collected for 10 years instead of 5 years. Earlier, after 5 years, the vehicle transfer and holding tax were abolished. The withholding tax …

Web Desk — While discontinuing advance booking of vehicles due to restrictions imposed by the State Bank of Pakistan (SBP) on parts and accessories imports, auto assemblers continued to increase prices. Pak Suzuki Motor Company Ltd (PSMCL) has temporarily discontinued booking of all two- and four-wheelers from July 1. The company has also come up with a price hike on …

Web Desk — It will be sad news for all Suzuki Cultus lovers that Cultus is going to be history in the coming months. According to media reports, Pak Suzuki Motor Company (PSMC) will stop producing one of its most popular car brands known as Cultus in Pakistan. The company is going to discontinue the Cultus production in the coming …

Web Desk — The State Bank of Pakistan (SBP), in order to facilitate taxpayers in payment of duty and taxes, has decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and authorized branches of the National Bank of Pakistan will observe extended banking hours till 08:00 PM and 12:00 AM on 29th and 30th June, 2022 respectively. The …

Web Desk — Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir warns that the high taxes imposed on the real estate and construction sector will badly affect the business activities and cause harm to the country’s already feeble economy. Speaking at a meeting of the ICCI Real Estate Committee called to discuss the new tax measures, he …

Web Desk — Toyota Crown 2022 is a luxurious model produced by Toyota Japan. The price of this sedan with full review and features is available here. Toyota launched its 14th generation in 2014. It is equipped with a touch panel, a modern, powerful engine, unique entertainment, and smart entry. This sedan is available in three variants including Royal Saloon …

Web Desk — Golden chance for overseas Pakistanis. They can win Kia Sportage absolutely free by simply sending remittance to their family and friends in Pakistan. Overseas Pakistanis living in the UK, Europe, Switzerland, Canada, and Australia have a chance to celebrate this eid by winning one of six KIA Sportage Alpha by sending money via ACE Money Transfer to …

Web Desk — The Roshan Digital Account (RDA) on Tuesday received the highest-ever single-day inflow of $57 million. In a tweet, the State Bank of Pakistan (SBP) said, “Today marks yet another historic day in #RoshanDigitalAccount, with $57mn in deposit inflows, highest ever daily figure. With this significant increase, total deposits in RDA have crossed $4.5bn. We are humbled by …

Web Desk — Finance Minister Miftah Ismail on Tuesday assured the real estate stakeholders that their proposal about capital gain tax would be considered by the government. The minister was talking to a delegation of the DHA Estate Agents Association headed by Chief Patron Mian Irfan. The minister assured the delegation to consider the relief in terms of capital gains …