According to the budget document, around Rs.41,871.792 million has been earmarked for the ongoing schemes and Rs18,128.208 million for the new schemes. Among the ongoing schemes, an amount of Rs. 900 million is allocated for the Award of Allama Muhammad Iqbal 3000 scholarships to Afghan students (Prime Minister’s Directive), while Rs 450 million has been […]
China reserves the right to file a suit to the WTO and take all necessary measures to resolutely defend the rights and interests of Chinese companies Beijing’s commerce ministry spokesman He Yadong told a briefing. The European Union warned on Wednesday it would slap additional tariffs of up to 38 percent on Chinese electric car […]
In a move to meet the required demand in the local market, the federal government announced providing discounts on solar plants, machinery, batteries, raw materials, and other related components used in the manufacturing of solar panels locally and demote the dependence on the import of solar panels to save valuable foreign exchange. According to the […]
The plan comes after London-listed Zegona closed the 5 billion euro ($5.41 billion) acquisition last month. Vodafone Spain, which has kept its brand name after reaching a 10-year agreement with Zegona, said in a statement it was convinced that the layoffs were the only way to guarantee its future viability and competitiveness. The company, which […]
Finance Minister Muhammad Aurangzeb outlined the proposed changes during the National Assembly (NA) budget session, emphasizing the need for personal tax reforms. During the speech, Aurangzeb announced that the new tax target was set to Rs 12.97 trillion, a 38pc high year-on-year basis. He proposed maintaining the tax exemption on incomes up to Rs600,000 annually […]
In a statement issued here, the SBP said that the central bank will remain closed from 17th to 19th June. The 16th of June falls on Sunday, hence the banks will remain closed for four days. “The State Bank of Pakistan will remain closed from 17th to 19th June 2024 (Monday to Wednesday) being public […]
The local unit closed at 278.61, a decline of Re0.11 against the greenback. On Tuesday, the Pakistani rupee had closed at 278.50. Gold moves up Gold prices increased in Pakistan on Wednesday in line with an increase in the international rate, all Pakistan Gems and Jewellers Sarafa Association (APGJSA) said. In the local market, gold […]
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 […]
