An undated image of the Federal Board of Revenue building in Islamabad. — APP/FileThe Federal Board of Revenue has proposed a special taxation procedure to bring social media content creators earning income from remunerative content into the tax net.In two separate…
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Govt to reinvest most of bidding proceeds in PIA
An image of a Pakistan International Airlines plane. — APP/FileGovt to invest 92.5% of bidding proceeds back into PIA: PM’s aide.PIA to need additional Rs80bn after privatisation for stabilisation.M Ali says Rs33bn in liabilities, other major hurdles removed.
ISLAMABAD:…
Pakistan’s unemployment rate rises to 7.1% in last five years: survey
Men sit outside closed shops at a market. — Reuters/FileDegree holders report 10.9% unemployment rate: surveyLFS shows 59.4m males and 17.8m females among jobless.Female unemployment rate of 14.9% peaked in age group 25-34.
ISLAMABAD: Amid prevailing…
Pakistan’s trade deficit balloons nearly 46% to $3.3bn
A representational image shows a general view of Karachi Port. — AFP/FileDeficit to strain foreign reserves, fuel rupee volatility, note experts.They say goods trade gap underscores structural export weakness.Warn that deficit can derail stabilisation gains under IMF programme.