A mid-level and high-earner now pay same top rate; ambition being taxed out of formal economy KARACHI: Here is a policy question worth asking before the next budget: if a worker today earns exactly what it takes to live the way someone on Rs100,000 a month lived in 2021, why are they being taxed as…
Read More “90% inflation trap that resets no tax bracket | The Express Tribune” »
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails UK high streets and shopping destinations are showing signs of recovery as more than 13 retail stores opened each week…
Read More “Shop numbers return to growth after years of decline, say experts” »
US Secretary of State Marco Rubio emphasised Washington’s intent to prevent geopolitical disruptions from distorting global energy markets, as tensions linked to the Iran conflict continue to affect oil supply routes and pricing dynamics.During discussions on energy security, Rubio’s office, quoted by Reuters, stressed that the US sees energy exports as a key instrument in…
The airline has seen no problems with fuel, but says people are booking later because of uncertainty caused by the Iran war. Source link
Index drops 2.29% amid global risk-off sentiment, with heavy pressure across banking, energy and industrial sectors The Pakistan Stock Exchange (PSX) came under severe selling pressure on Monday, tracking a broader global market decline as fears of rising inflation intensified amid a deepening global oil crisis. The downturn was triggered by stalled US-Iran negotiations, which…
The International Monetary Fund (IMF) on Thursday warned that continued disruptions from the Iran war are pushing the global economy closer to an “adverse” scenario marked by slower growth, tighter financial conditions and rising inflation risks, AFP reported.Last month, the IMF’s World Economic Outlook projected global growth at 3.1 per cent for 2026 under its…
Finance Minister Muhammad Aurangzeb on Wednesday briefed the visiting International Monetary Fund (IMF) mission on the country’s macroeconomic outlook, fiscal strategy, reform priorities, and the government’s ongoing efforts to ensure sustainable economic stability and long-term growth. The meeting with the visiting IMF mission, led by Mission Chief Iva Petrova, focused on Pakistan’s macroeconomic stabilisation efforts,…
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The key measure of US inflation rises its highest level since May 2023 as consumers feel the impact of the Iran war. Source link
Saudi energy giant posts 25% jump in quarterly profit even as Hormuz blockade chokes global oil supplies Aramco’s President and CEO Amin Nasser at the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, on January 20, 2026. PHOTO: REUTERS The world has lost about 1 billion barrels of oil over the past two…
Craving coffee or a Biscoff cookie at 35,000 feet? If you’re on a short Delta Air Lines flight, you might soon be out of luck. As of May 19, the airline is ending its free snack and beverage service in the economy cabin on flights of less than 350 miles. About 9 percent of Delta’s…
Read More “Delta Air Lines Will Stop Serving Snacks and Drinks on Short Flights” »
