Hfol Indus Motor raises prices up to Rs500,000
KARACHI:The rupee strengthened against the US dollar
air force one at Rs155.69
airmax in the inter-bank market on Wednesday compared with Tuesday rsquo s close of Rs155.78, according to the State Bank of Pakistan (SBP).Earlier, the SBP let the rupee depreciate massively in the inter-bank market after finalisation of an agreement with the International Monetary Fund (IMF) for a loan programme on May 12, 2019.The IMF has asked Pakistan to end state control of the rupee and let the currency m
samba og sneakers ove freely to find its equilibrium against the US dollar and other major world currencies.Also, the World Bank, which finances some of the infrastructure and social safety net projects in Pakistan, has supported the idea of leaving the rupee free from state control in a bid to give much-needed boost to exports and fix a faltering economy. Oivl Gas pressure drops in Pindi areas
KARACHI:The Pakistan Tehreek-e-Insaf (PTI) government has chalked out a long-term strategy to bring parity in the collection of taxes from three major sectors of the economy -- industry, services and agriculture as per their shar
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jordan grau in gross domestic product (GDP).At present, the share of industrial sector in GDP stood at 21%, while it paid almost 70% of the total taxes collected in the fiscal year ended on Sunday, June 30, 2019.On the contrary, the share of agriculture sector in GDP stood at 19%, but its contribution in the total collected taxes stood at a meagre 0.60% in FY2019.Govt announces major taxation conces
samba og adidas sionsTherefore, the industrial sector remained overburdened at the cost of agriculture and services sectors. It paid taxes much more than its due share of 21%, while the agriculture sector continued to mint money and paid almost zero taxes, a source familiar with the development said while talking to The Express Tribune.Similar is the case with the services sector, whose share
