5 Posts

track

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IMF ‘concerned’ over FBR’s Track and Trace system shortcomings

  • 3 min
The IMF expresses concern over the Federal Board of Revenue's track and trace system's shortcomings. The agency has requested a detailed implementation report and set a deadline for its adoption across five major sectors. Pakistan is in talks with the IMF for a bailout package, with both parties agreeing to accelerate reforms to expand the tax net and prevent evasion.
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PM Shehbaz orders probe into ‘failure’ of Track and Trace System

  • 2 min
PM Shehbaz Sharif has instructed an inquiry into the Track and Trace System (TTS) failure, aiming to counter tax evasion. Former State Bank Governor Tariq Bajwa will lead the committee tasked with investigating and reporting back to the prime minister. The system, piloted in 2021, has underperformed and failed to meet anticipated outcomes.
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Gold on track for best week since Dec

  • 2 min
Gold prices are steady as investors await U.S. non-farm payrolls data for clues on potential rate cuts by the Federal Reserve. Prices have risen 2% this week, reaching their highest level since Jan. 3. Fed Chair Powell's dismissal of spring rate cuts did not affect gold's support, with markets anticipating a rate cut in May.
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Horrific video: Old man crushed to death while crossing railway track

  • 2 min
Elderly man crushed to death while crossing railway track in Kanpur, India. Video of the incident went viral, showing the man violating rules and attempting to cross with his bicycle before a fast-moving train arrived. The CCTV footage from January 14 captured the fatal accident. Tragic incident in Uttar Pradesh's city of Kanpur.
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Gold sits above $2,000 on track for best year in three

  • 3 min
Gold prices have reached over $2,000 an ounce, marking the best year for gold since 2020. The U.S. Federal Reserve's potential interest rate cut in March has bolstered hopes, with gold investors anticipating further price increases in the coming year. Silver is set to register a 0.5% yearly decline, while platinum and palladium show contrasting trends.