October 21, 2026
IMF Flags Pakistan’s Tax System as Unfair
The Fund's assessment lands in a year when salaried employees paid Rs144 billion in a single quarter — Rs90 billion more than property and retail combined.
Articles for tag: economy, Equity, FBR, IMF, salaried class, taxation
Riyadh offers 15% equity investment in Reko Diq
Islamabad: Saudi Arabia has made an offer to buy a 15% stake in the Reko Diq mining project and will also provide a major grant to build infrastructure around the mining site in a development that will mark the first investment under the umbrella of the Special Council Investment Facility. The total offer includes cash for the purchase of 15% shares and a grant to build infrastructure around the mining area. In response to the Saudi offer, Pakistan has decided to set up a negotiation committee to review the Saudi offer and recommend the final negotiated price to the federal
PSX plunges into global equity sell-off
KARACHI: The Pakistan Stock Exchange (PSX) sank more than 1,100 points on Monday in an extended slide, sparked by a global sell-off in stocks on fears of a possible US recession and escalating tensions in the Middle East. The KSE-100 started the day on a positive note, touching an intraday high of 78,330.09 points very shortly. However, he struggled to maintain momentum and began to descend before noon. Key factors contributing to the downward trend included a weak rupee, a fall in global crude oil prices and a possible impact on Pakistan’s exports due to recession fears in the US.
Stocks outperform luxury watches as Rolex and Patek prices fall
Prices for luxury watches from brands such as Rolex, Patek Philippe and Audemars Piguet have fallen a combined 23% over the past two years, extending a prolonged slump in the secondary market, according to Bloomberg. The Bloomberg Subdial Watch Index, which tracks the 50 most-traded watches by transaction value, fell less than 1 percent in June, indicating that the pandemic-era rally is finally over. Over the past year, the index has fallen 8 percent, contributing to a 23 percent decline over the past two years. This data, provided by Subdial, a UK-based watch trading platform, highlights the changing dynamics of
