Aggressive super tax recovery opposed

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has expressed concern over the government’s move to aggressively recover super tax following the recent decision of the Federal Constitutional Court (FCC) upholding its legality. The chamber cautioned that demanding large tax payments in a single tranche would disrupt business operations and further strain the country’s…

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Textile exporters demand relief package

ISLAMABAD: Amid the government’s narrative of returning to macroeconomic stability, the country’s textile exporters upped the ante against uncompetitive energy costs, high tax rates and challenging financial costs and demanded broad-based fiscal space to compete globally. A large delegation of the All Pakistan Textile Mills Association (Aptma) on Wednesday had an urgent meeting with a…

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FPCCI disputes power circular debt report

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday challenged the Power Division’s circular debt report, calling it technical adjustments, accounting reclassifications, and changing goal posts without a material improvement in power sector efficiency. The apex trade body also alleged the parking of financial liabilities outside balance sheets, particularly in the…

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Pakistan, Sri Lanka launch digital partnership

ISLAMABAD: Pakistan and Sri Lanka on Wednesday established a Joint Working Group on IT and Digital Economy to collaborate in emerging technologies and digital transformation. During the 13th Session of the Joint Economic Commission (JEC) held in Colombo, both countries reaffirmed their commitment to strengthening bilateral economic relations further and expanding cooperation across multiple sectors….

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PCB announces major update for players ahead of PSL 11

Five players — including Pakistan’s T20I captain Salman Ali Agha — have been promoted to Platinum category LAHORE: The Pakistan Cricket Board (PCB) on Wednesday announced the category renewals of 89 local players for the 11th edition of the Pakistan Super League (PSL). Five players — including Pakistan’s T20I captain Salman Ali Agha, Sahibzada Farhan,…

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Pakistan, China launch ‘E-Mining Platform’ targeting $10bn investment in mineral sector

E-Mining platform to boost transparency, efficiency in mineral sector. Pakistan invites China to invest in copper, gold, rare earth minerals. Mineral development to include benefit for KP, Balochistan: minister. ISLAMABAD: Federal Minister for Planning Ahsan Iqbal has said that the partnership between Pakistan and China has entered a new era, which is not limited to infrastructure alone…

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