Economy

Zero income, luxury lifestyle: Can Pakistan fix its broken tax system?

Pakistan’s tax system is facing intense criticism as millions file zero-income returns while flaunting immense wealth online and offline. With only two per cent of citizens paying income tax and nearly half of 2024’s returns declaring no earnings, the Federal Board of Revenue is cracking down through social media tracking and whistleblower rewards

What will be the impact of Trump’s $100,000 visa fee? 5,500 jobs each month

The Trump administration’s plan to impose a $100,000 annual fee on H-1B visas could cut 5,500 foreign work permits every month, hitting Indian tech professionals and US companies reliant on global talent. Experts warn the move may disrupt hiring and drive jobs offshore

Amid Trump turmoil, India and EU aim for trade deal by year-end, next round of talks from Oct 6

Amid turmoil created by US President Donald Trump's tariffs, India and the European Union (EU) will start the next round of trade talks on October 6 as part of efforts to conclude a trade agreement by the end of the year.

Why is the rupee sinking even as the dollar weakens globally?

The Indian rupee is hovering near record lows despite a weakening US dollar. Foreign outflows, higher US tariffs, visa fee hikes, and persistent trade concerns have fuelled the decline. The RBI’s interventions have limited volatility, but heavy selling continues to weigh on India’s currency

Why Indian IT firms are worried, but not much, about US H-1B visa fee hike

Donald Trump's move to raise H-1B visa application fee to $100,000 created ripples on Nifty IT stocks. But Indian IT firms don't appear to be much worried about US H-1B visa fee hike. Let's find out why

Piyush Goyal in US today: India eyes ‘mutually beneficial’ trade deal, early conclusion of talks

Amid the tariff tensions between India and the United States, India's Commerce and Industry Minister Piyush Goyal will visit Washington, DC, on Monday. Here's what to expect from the trip

‘Ask any Indian in Oman, they feel at home’: Envoy hails ties with India, cites FTA talks | Interview

In an exclusive conversation with Firstpost, Issa Saleh Abdullah Saleh Alshibani, Oman's Ambassador to India, lauded people-to-people ties between the two nations, insisting that 'Indians in Oman feel at home'

‘Think Swadeshi whenever you shop’: On birthday, PM Modi’s pitch to boost Indian economy

On his 75th birthday, Prime Minister Narendra Modi has urged Indians to think of swadeshi (domestically made) goods whenever they would go shopping to boost the Indian economy.

US retail sales rise: Americans are still spending, economists wonder ‘how long this can continue’

Despite President Donald Trump's tariffs, US retail sales rose for the third straight month in August. But economists are wondering how long the trend will continue as prices are rising and employment growth is stalling.

Chinese factory output, retail sales growth fall to 12-month low

Chinese factory output and retail sales growth fell to their 12-month low in August, casting doubt about meeting the 5% annual GDP growth target.