According to details, SSGC sent additional bills amounting to Rs2,085 to the consumers under the name of “conical baffle” charges. These extra charges are distressing millions of consumers within the 3.2 million customer network. It is being revealed that consumers received inflated bills regardless of whether geysers were installed in their homes. Extra charges were […]
This breakthrough was achieved following the successful conclusion of the 13th GIS auction on September 16, 2024, through which an additional Rs207 billion was raised for the Ministry of Finance (MoF). The GIS Auctions started at PSX on December 8, 2023, and have since witnessed robust participation from the banks, mutual funds, and brokerage fraternity, […]
According to IMF, the quarterly stipend for BISP recipients will increase by Rs. 3,000, raising the total quarterly stipend to Rs. 13,500 from January who currently receive Rs. 10,500. The IMF is working to enhance the BISP and its administrative systems, in collaboration with the World Bank. The BISP has a budget of Rs. 599 […]
The decision comes in response to requests from trade organizations and tax bar associations and considers bank holidays. The deadline was extended under Section 214A of the Income Tax Ordinance 2001, allowing taxpayers additional time to file their returns. FBR extends tax return filing deadline Previously, FBR had extended the deadline for filing income tax […]
In its latest report on fiscal policy, the International Monetary Fund said it expects global public debt to hit 93 percent of global gross domestic product (GDP) this year, and to approach 100 percent of GDP by 2030 — 10 percentage points higher than in 2019, before the Covid-19 pandemic hit. “Global public debt is […]
FBR spokesperson, Bakhtiar Muhammad, said the last date for filing income tax returns is October 14 (today) and there would not be a further extension. The offices and field formations of the Federal Board of Revenue (FBR) will remain functional till midnight tonight. The FBR announced that 36,60,000 taxpayers filed their tax returns until September […]
According to details, the privatization list was prepared by the Ministry of Privatisation following the approval of the federal cabinet. In the first phase, the plan outlines the privatization of 10 institutions within one year. According to the plan, Pakistan International Airlines (PIA) and Roosevelt Hotel in New York, the Agricultural Development Bank, First Women […]
The report finds that these economies are poorer today on average than on the eve of the COVID-19 pandemic, even as the rest of the world has largely recovered from COVID and resumed its growth trajectory. Released a week before World Bank and International Monetary Fund annual meetings get underway in Washington, the report confirms […]
Brussels has decided to impose swinging new tariffs of up to 35.3 percent on imports of Chinese-made electric cars. Representatives from Beijing and the 27-member bloc have held eight rounds of talks over the issue in Brussels since September 20. “There are still major differences between the two sides,” a ministry statement said, adding that […]
TikTok, owned by China-based ByteDance, said Friday it would cut several hundred jobs around the world, without providing a breakdown by country. Less than 500 jobs in Malaysia are expected to be affected by the move. A TikTok spokesperson said that the job cuts were part of an effort to boost content moderation. “We expect […]
