Within the federal budget for the fiscal year 2024–2025, government personnel should expect a salary increase of 10% to 15%. It is also anticipated that the federal government will increase retired employees’ pensions by 10%. In addition, there is a plan to raise the funds of the Employees’ Old-Age Benefits Institution (EOBI). In addition, pension […]
The United States government has made the decision to tighten the screws on money laundering and financing of terrorism by limiting the usage of cash and enacting reforms in the real estate industry. During the first week of May, the National Anti-Money Laundering and Counter Financing of Terrorism Authority met and took decisions under the […]
When asked about the staff-level agreement, IMF Communication Director Julie Kozack – while addressing a press briefing – avoided answering, indicating that the negotiations are still ongoing. “Right now, a mission team led by Nathan Porter is meeting with Pakistan authorities this week to discuss the next phase of our engagement.” She said: “On April […]
The government will present the budget 2024 with one eye on precarious economic conditions and the other on the 24th ‘longer and larger’ bailout program of the International Monetary Fund (IMF). According to sources, the initial estimate for expenditures on interest and loans is Rs 9,700 billion, while the initial estimate for subsidies is Rs […]
Forbes ‘ 30 Under 30 Asia list honors 300 young innovators and entrepreneurs under 30 who have revolutionized their respective sectors in the Asia-Pacific region. Sarkhail Shahid Bawany (ABHI) of Pakistan, Adeel Abid (Linkstar), Aizaz Nayyer (Linkstar), Ali Raza (Linkstar), Aleena Nadeem (EduFi), Kasra Zunnaiyyer (Trukkr), and artist Bushra Sultan are among those honored. ABHI […]
During the intraday trade, the 100-Index experienced a mixed trend with the high recorded at 75,401.11 points while the low recorded at 74,947.71 points. A total of 496,699,517 shares valuing Rs 17.631 billion were traded during the day as compared to the 407,625,139 shares valuing Rs 16.9 billion were traded the previous day. Meanwhile, a […]
According to a report issued by the Pakistan Bureau of Statistics (PBS), as compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of 21.22 percent. The weekly SPI with the base year 2015-16 =100 covers 17 urban centers and 51 essential […]
Today, the gold Rate in Pakistan on 18 May 2024 is currently sold for Rs. 215300 per 10 grams, and the price of Gold is RS 251200 per tola in Pakistan today. Gold Rate In Pakistan Today Karachi is the central hub of the gold market, in Pakistan, Karachi is leading for the gold price; every city […]
According to Khaleej Times, the Dubai government has implemented a new regulation that sets a Dh55,000 cap on all future cash transactions involving real estate. This implies that a person can only pay with cash up to a total of Dh55,000; all subsequent payments must be made through banking channels. Presently, twenty percent of all […]
Exporters and horticultural specialists warned on Thursday that the major fruit’s production could decline by 600,000 metric tonnes this year due to climate change, which has severely impacted mango yield for the third straight year. The two states that produce the most mangoes, Sindh and Punjab, account for 29% and 70% of the 1.8 million […]
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