The Pakistan-Türkiye flags hanging on a bridge. —APP/FileTrade ministry challenges revised methodology.5% benchmark sought again.Final determination still under review.ISLAMABAD: Turkiye’s Ministry of Trade has formally objected to a…
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Top 10% of earners take 42% of Pakistan’s income: report
A man counts Pakistani rupee notes at a currency exchange shop in Peshawar, Pakistan on September 12, 2023. — ReutersBottom 50% in Pakistan receive just 19% of total income.Richest 10% hold 59% of Pakistan’s total wealth: report.Top 1% control 24% of total wealth in Pakistan:…
FBR issues fixed tax scheme draft for small shopkeepers
This image released on March 3, 2022, shows the FBR building. — Facebook@Federal Board of Revenue
Scheme applies to retailers with turnover up to Rs200m.Registration available through IRIS portal or mobile application.Scheme optional; shopkeepers may file regular return…
Gold jumps above Rs519,000 per tola as global prices rebound
Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich, November 20, 2014. — Reuters10-gram gold gains Rs10,030 to Rs445,354.Silver increases Rs444 to Rs8,269 per tola.Global gold settles at $4,954.92 per ounce.
Gold prices in Pakistan jumped on…