BEIJING: China will further reduce taxes to support small firms and high-tech companies, state radio quoted the cabinet as saying on Wednesday, with seven measures expected to result in cuts of more than 60 billion yuan ($9.5 billion).
The measures included a rise in the threshold on taxable income for small firms to 1 million yuan from 500,000 yuan and preferential tax deductions for firms’ purchases of equipment for research and development.
GWADAR: Iran has closed and reopened the Strait of Hormuz several times since the US-Iran war began in February. When...
LAHORE: Lahore Chamber of Commerce and Industry hosted a seminar titled “Enhancing Pakistan-Libya Trade and Economic Cooperation”, attended by Major...
KARACHI: Pakistan’s foreign exchange reserves recorded a modest increase during the week ended July 17, 2026, according to the latest...
ISLAMABAD: The Federal Board of Revenue (FBR) will require taxpayers to issue a verifiable and unique invoice number for every...
