KARACHI: The Capital Development Authority (CDA) has decided to increase 2% tax on property and water charges. The summary has been sent to the cabinet division. The residents of Islamabad will have to pay 2% tax after the approval of the summary. CDA will collect Rs 15 billion tax. It has been discussed in the summary that the tax did not increase for several years. It is necessary to increase the tax.
SBP dollar purchases fall to 16-month low at $154m
KARACHI: The State Bank of Pakistan (SBP) significantly reduced its dollar purchases from the interbank foreign exchange market in May,...
