After hitting a record low of 77.81, the partially convertible rupee was trading at 77.79/80 per dollar. Rising crude prices tend to raise domestic inflation while expanding the country’s trade and current account deficits. Indian stocks fell for a fifth straight session as investors fretted about central banks’ aggressive policy tightening. On Thursday, the Indian … Read more
LAHORE: Urea industry’s role in Pakistan, being an agrarian state with 20 per cent GDP contribution and around 70 per cent of the total population depending on agriculture for its livelihood, has been pivotal. Prior to 1980/81, Pakistan imported over 50 per cent of its annual fertiliser requirements and had been a net importer till 2012. … Read more
KARACHI: The Federal Board of Revenue (FBR) plans to replace the fixed sales tax regime with the normal regime on import of mobile phones, which will generate sizeable revenue for the government and encourage the sale of locally-manufactured mobile phones, sources said on Wednesday. To apply the normal sales tax regime at 17 per cent, … Read more
