ISLAMABAD: The federal government has reportedly imposed an 18 percent sales tax on the import of cotton fiber, yarn, and greige cloth, following a nearly month-long delay and sustained lobbying by the All Pakistan Textile Mills Association (APTMA). On July 18, 2025, APTMA formally requested Finance Minister Senator Muhammad Aurangzeb
ISLAMABAD: The prices of essential kitchen items remained largely stable this week compared to the previous week, according to a survey conducted by Business Recorder on Saturday. The survey noted a decline in chicken prices, which fell from Rs16,400 to Rs15,200 per 40-kg in the wholesale market. In retail, chicken
KARACHI: The Pakistani rupee strengthened against the US dollar, appreciating 0.19% in the inter-bank market on Thursday. At close, the currency settled at 284.22, a gain of Re0.54. On Wednesday, the currency settled at 284.76. Pakistan’s law enforcement agencies have reportedly launched a crackdown against foreign currency smugglers, aiming to
LONDON: S&P Global raised Pakistan’s sovereign credit rating to ‘B-’ from ‘CCC+’ and placed it on a ‘stable’ outlook on Thursday, saying the country’s finances and reserves had been stabilised by International Monetary Fund support. “The stable outlook reflects our expectations that continued economic recovery and government efforts to enhance
