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The Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has raised alarms about a potential complete shutdown of the tractor industry, attributing the crisis to prolonged delays in releasing General Sales Tax (GST) refunds by the Federal Board of Revenue (FBR) and the recent implementation of a new GST regime under Statutory Regulatory Order (SRO) 563. Paapam has expressed …

The Ministry of Finance has disclosed new details to the Senate about the substantial increase in Pakistan’s national debt over the past three years. According to the written response, the national debt surged by Rs31.5 trillion during this period. Specifically, in the fiscal year 2021-22, the debt rose by Rs9.4 trillion, followed by an increase of Rs13.7 trillion in 2022-23, …

On Friday, the Pakistan Stock Exchange (PSX) saw a notable rally, with the KSE-100 index rising by approximately 575.92 points, or 0.73%, to reach 78,450.14 during early trading. This upward movement follows a period of significant volatility and a substantial dip earlier in the week. Last Monday, the KSE-100 index experienced a dramatic drop of 1,141 points during intra-day trading, …