Islamabad / Bloomberg Pakistan will use its national identity database to build profiles of potential taxpayers in a renewed bid to broaden its tax base, Prime Minister Shahid Khaqan Abbasi said. The plan aims to increase the number of taxpayers in a country where less than one percent of its 210 million people pays taxes. It seeks to plug leakages, ...

Bloomberg Alibaba Group Holding Ltd. plans to buy a 15 percent stake in a chain of Chinese home improvement and furniture stores as part of its pushing into “new retail,” the company said on Sunday. The e-commerce giant will invest about 5.45 billion yuan ($865 million) in Beijing Easyhome Furnishing Chain Store Group Co., and support the digital transformation of ...

Bloomberg China’s ability to export inflation to the world appears to be waning, right at a time when investors are worried that global prices are taking off amid faster economic growth. Factory prices, which feed through into the prices export customers pay, are continuing to soften, suggesting the world’s biggest trading nation won’t be passing on much more by way ...