New Delhi, April 9 (IANS) Pakistan’s economy has come under further stress due to external shocks triggered by the West Asia crisis, as the country struggles under a mountain of foreign debt with weak GDP growth, declining investment and rising inflation, according to an article in Lisbon Post.Public debt has surged dramatically over the past several years, rising from approximately Rs 43 trillion (Pakistani rupee) in 2018 to Rs 80.52 trillion by the end of fiscal year 2025. At the same time, …
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New Delhi, March 3 (IANS) Pakistan’s high taxation regime is choking the formal economy, especially industrial businesses, yet there seems to be no realisation within the Federal Bureau of Revenue (FBR), which keeps extracting juice from the top 1 per cent of the population, according to an article.The core of the issue is that capital formation is disincentivised, as the effective tax rate, including is over 50 per cent for large manufacturing facilities, according to the article in the Karac…
Hyderabad, Jan 6 (IANS) The Telangana Police have arrested Falcon Group Managing Director Amar Deep in a digital investment scam case. Officials of the Crime Investigation Department (CID) arrested him in Mumbai on Monday, soon after he arrived from the Gulf.Based on specific inputs received from immigration authorities, the police intercepted Amar Deep in Mumbai. The CID team acted swiftly to arrest him.The CID had already issued a lookout circular against Amar Deep, who had allegedly fled to D…