Business

ISLAMABAD (Kashmir English): An interesting transformation seems to be taking place in Pakistan’s auto market, with the government looking to end decades-old import restrictions, increasing customer options, and lowering costs. The domestic auto market has always operated under a highly protected tariff regime intended to shield domestic companies from foreign competitors. Such an arrangement led

The market dominance of Honda motorcycles continues because the company maintains its current motorcycle design while fuel prices keep increasing. The entry-level Honda motorcycle now retails for more than Rs1.5Lac because of increasing costs, yet customers still have reasons to celebrate. The company offers a temporary interest-free payment system, which it calls the “Step-By-Step” (SBS)

ISLAMABAD (Kashmir English): The federal government has prepared a proposal to significantly reduce the withholding tax on the purchase and sale of property to promote the real estate and construction sector ahead of the federal budget 2026-27. According to sources, a proposal is under consideration to reduce the tax rate on the purchase of property

ISLAMABAD (Kashmir English): The budget 2026-27 is likely to continue with heavy taxes on food and daily necessities, while heavy taxes and duties are being collected on basic food items and essential commodities. According to the document, 20 percent customs duty and 4 percent additional duty are being collected on white crystalline sugar, 18 percent sales

ISLAMABAD (Kashmir English): Important details of the budget negotiations between Pakistan and the International Monetary Fund (IMF) have come to light. Import, regulatory, and customs duties on various items are likely to be reduced in the new budget. Sources have said that there is a possibility of a reduction in regulatory duty and additional customs

ISLAMABAD (Kashmir English): The government made its final decisions in regard to the budgeting process for the coming fiscal year. According to sources, the government has chosen not to impose increased sales taxes on solar panels. Moreover, the government decided that there would be no increased taxation of fertilizers. Furthermore, the government officials reported that it

ISLAMABAD (Kashmir English): International oil prices rebounded once again here on Monday. The Brent oil was at $93.50 a barrel. WTI prices were at around $90 a barrel. Murban oil was trading around $90 a barrel. Asian markets saw gains in their opening. Increased buying interest started the week on a positive note. Other positive developments