WASHINGTON: Federal Reserve officials last month were concerned about the Omicron impact, but believed the US economy had recovered enough from the pandemic downturn that interest rate hikes could come sooner than expected, according to minutes of the December meeting released Wednesday. The document provides a behind-the-scenes look at the deliberations of the Fed’s policy committee, … Read more
The Large Taxpayers Office (LTO), Karachi has registered a sharp increase of 53 per cent during the first five months (July-November) of the fiscal year 2021/22, owing to a significant rise in the collection of both direct and indirect taxes. According to the official numbers made available to BOL News, the net collection of the … Read more
With inflation expected to remain high for some time, the US central bank is likely to raise interest rates soon after it ends its bond-buying programme in March, a Federal Reserve board member said on Friday. The Fed earlier this week announced it will accelerate the end to its stimulus programme after inflation last month … Read more
KARACHI: The Large Taxpayers Office (LTO), Karachi has registered a sharp increase of 53 per cent during the first five months (July-November) of the fiscal year 2021/22, owing to a significant rise in the collection of both direct and indirect taxes. According to the official numbers made available to BOL News, the net collection of the … Read more
WASHINGTON: The Chinese economy, weighed down by electricity shortages and a vast real estate crisis, has lost its lustre recently, to the point where economists are starting to question its impact on the global growth it has helped drive for more than 20 years. The difficulties of the real estate sector in China triggered by … Read more
KARACHI: Fauji Cement Company Limited (FCCL) has announced a net profit of Rs3.47 billion, translating into the earnings per share (EPS) of Rs2.52 for the year ended June 30, 2021, compared with the loss of Rs59.38 million and the loss per share of 4 paisas in the previous year. The company did not announce any … Read more
KARACHI: The automobile sales registered a whopping 215 percent growth in volumes to reach 20,311 units in May 2021, compared with 6,454 units sold in the corresponding period of the last year, in the wake of the lockdown in May 2020. Cumulatively, the volumes rose 62 percent during the 11 months of FY21. “The massive … Read more
Tobacco causes more than 170,000 deaths each year in the country, now government took it as a serious concern and in consultation with the Ministry of Health, the Federal Board of Revenue (FBR) has decided to impose Federal Excise Duty (FED) on cigarettes in the next federal budget. According to the details, the purpose of … Read more
The US has decreased interest rates almost zero to protect the economy from the influence of coronavirus. According to the international news agency, the US has also introduced $700 bn stimulus programme in a bid to conserve the economy. It is a part of a coordinated action declared in the UK, Japan, Eurozone, Canada and … Read more
