Forty-three people were injured, the health ministry said, in the blaze in the Mangaf area south of Kuwait City which is heavily populated with migrant laborers. Unfortunately, we received a report of a fire at exactly 6:00 am (0300 GMT) in the Mangaf area, Major General Eid Al-Owaihan, head of the Interior Ministry’s General Department […]
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb will present the budget in the National Assembly. Meanwhile, the PML-N parliamentary party meeting has recommended Prime Minister Shehbaz Sharif to raise government employees by 25 percent. Pakistan to present Rs18 trillion budget today The meeting also suggested the prime minister increase grade 17-22 employees’ salaries […]
This includes ending GST exemptions on approximately 7,000 items, as well as eliminating exemptions and concessions on income tax and customs duty. The volume of tax exemptions will be reduced. The National Economic Survey for 2024-25, released on Tuesday, revealed significant insights regarding tax exemptions. The survey indicated that tax exemptions amounting to Rs 3,979 […]
Global demand is expected to “level off” at 106 million barrels per day (bpd) toward the end of this decade while overall supply capacity could reach 114 million bpd — resulting in a “staggering” surplus of eight million bpd that oil markets should prepare for, the IEA said. The forecast comes days after the OPEC+ […]
Saudi Arabia’s Public Security Department announced measures to ensure a smooth and secure Hajj 2024. Effective from midnight on the fifth of Dhu Al-Hijjah until the end of the 13th day, unauthorized vehicles will be prohibited from entering the holy sites. According to Public Security, individuals transporting pilgrims without valid Hajj 2024 permits will face […]
the International Monetary Fund (IMF) has conditioned the reduction of income tax slabs. The proposal includes an increase of 10 percent in tax on the monthly income of salaried class between Rs 3-5 lakh, enhancing the maximum tax limit from 35% to 45% and applying the maximum tax limit to annual income exceeding Rs 60 […]
The Pakistan Muslim League-Nawaz (PML-N) led federal government will present its first growth-oriented budget for the fiscal year 2024-25, with an estimated outlay of over Rs18 trillion. According to proposals, Pakistan has planned to get tax from the real estate sector in three slabs. Filter buying property worth Rs50 mln will have to pay 3 […]
Sindh Chief Minister Syed Murad Ali Shah, who is also holding the portfolio of finance, will present the budget in the Sindh Assembly at 3 pm. According to a letter issued by the provincial finance department here, the Sindh cabinet will meet tomorrow at the CM House to approve the FY24-25 budget. The federal government, […]
40 high-capacity locally manufactured wagons with the help of Chinese technology have been inducted into the PR fleet. CEO of Pakistan Railways Aamir Baloch inaugurated the induction of wagons. The high-capacity wagons, designed as per international standards, are capable of transferring 70 tonnes of loads at the speed of 100 kilometers per hour. Baloch said […]
The prime suspect, Sheikh Rashid, and his partners are under direct investigation for allegedly embezzling billions of rupees from sugar dealers and traders. NAB DG Lahore has formed a team to conduct immediate investigations, and the inquiry has begun against Sheikh Rashid, Kashif, and Faisal. The NAB spokesperson said that Sheikh Rashid’s four warehouses in […]
