Tag: news

Jul 03
SIFC’s Second Year: Major Strides Toward Resource Development, Policy Reform, and Economic Self-Reliance

Pakistan’s Special Investment Facilitation Council (SIFC), a high-powered civil-military platform created to accelerate investment and economic development, has completed its second year with significant progress in key sectors. Established in mid-2023, SIFC’s core objective has been to simplify investment procedures, enhance governance, and drive transformative growth in areas critical to national self-reliance—such as mineral resources, […]

Jul 02
Second-Hand Clothes Get Pricier: 10% Tax Collection Begins in New Fiscal Year

As Pakistan enters the new fiscal year 2025–26, low-income households are bracing for yet another economic jolt—this time from a less-expected corner. Second hand clothes, a staple for millions of working-class citizens, are now subject to a 10% sales tax, making them significantly more expensive and drawing criticism for disproportionately impacting the country’s poorest communities. […]