Business
BYD opposes government plan to import used vehicles
Arrival of used cars to strain forex reserves, undercut green goals
May 31, 2025
May 31, 2025
Arrival of used cars to strain forex reserves, undercut green goals
FY26 budget, inflation data to set near-term direction; KSE-100 targets 165K by year-end
Washington seeks lower duties as Pakistan pushes for balanced trade deal
Calls for export-led growth, equitable taxes and long-term vision to stabilize economy
FBR must collect PKR 2.1 trillion in June to meet the revised annual tax target of PKR 12.33 trillion
KSE-100 saw record swings, hitting a single-day loss of 6,482 points and a record rebound of 10,123 points
Market closes bullish on investor optimism, with fertilizer, banking, and power sectors leading gains
Allowing commercial imports of used cars could turn Pakistan into a junkyard
Tax relief for salaried class faces IMF pushback; new levies on imports, real estate expected
APTMA and Uzbek textile leaders agree to boost bilateral commerce, explore joint ventures, and address key trade bottlenecks
During the meetings, the officials showed presentations sharing that several hinderances earlier raised by potential buyers have been removed
Fitch Ratings expects further easing measures as the PBoC moves away from its ‘prudent’ stance to stimulate the economy.
Central bank purchased $5.9 billion from the currency market since June 2024
Finance ministry adviser dismisses speculation over possible Eidul Azha-related delay
Investor confidence strengthens as markets rally on signals of tax relief, economic clarity ahead of budget talks
Officials warn of money laundering, dollar outflows as crypto council delays regulations
Regulatory bodies directed to deny approvals unless builders meet AML/CFT requirements
Initiative shifts focus from short-term projects to sustainable growth
Experts predict major changes in capital gains tax, withholding tax, and developer incentives
"We will be holding these Bitcoins and we will never ever sell them," says special assistant to the prime minister on blockchain and crypto