Cocaine Reportedly Overtakes Oil as Colombia’s Largest Export
Cocaine exports reportedly surpassed crude oil sales in Colombia in 2024, becoming the country’s largest single export by value, according to a study by Medellin-based EAFIT…
THE CITY MAGAZINE ARCHIVE
Economy
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FBR to Begin Accepting 2026 Income Tax Returns from July 27
The Federal Board of Revenue (FBR) has officially announced that the filing of Income Tax Returns for Tax Year 2026 will commence on Monday, July 27,…
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Gold Prices Drop by Nearly Rs. 6,000 Per Tola in Pakistan as Global Rates Decline
Gold prices in Pakistan continued their downward trend for the second consecutive day on Tuesday, with the domestic market witnessing a sharp decline of nearly Rs.…
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Government Abolishes Capital Value Tax on Financial Assets in Major Relief Measure
The federal government has announced the abolition of the Capital Value Tax (CVT) on financial assets as part of its broader strategy to simplify the tax…
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Karachi Plans New Tax on Airbnb Properties, Guest Houses and Hospitality Businesses
The Karachi Metropolitan Corporation (KMC) is considering the introduction of a new entertainment tax targeting a wide range of hospitality and event-related businesses, including Airbnb properties,…
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Inflation in Pakistan climbed to 24.5% in Dec
Inflation in Pakistan has been on the rise in recent months, and in December 2021, it reached a high of 24.5%. This marks a significant increase…