There are six income tax slabs for the salaried individuals added to the Finance Bill. According to the bill, individuals earning up to Rs600,000 annually will be completely exempt from income tax in the budget 2025-26. In the second slab, those earning between Rs600,001 and Rs1.2 million per annum will pay 1% income tax on […]
According to the data provided by Forex.pk, the current gold rates of 10 grams of 24-karat gold stand at SAR 4,084, while the price of one ounce is estimated at SAR 12,703. These figures were last updated at 10:00 a.m. local time, reflecting a continued upward trend in global gold prices driven by persistent shifts […]
“The GRADES-Balochistan project aims to reduce learning poverty in the province, while the Balochistan Water Security and Productivity Improvement Project will help address the province’s water security challenges and enhance climate resilience,” said Najy Benhassine World Bank Country Director for Pakistan in a press release issued here on Wednesday. “The WB remains committed to support […]
Spot gold was down 0.9% at $3,338.39 an ounce, as of 0526 GMT, after hitting its lowest level since June 11 earlier in the session. U.S. gold futures slipped 1.2% to $3,352.60. “It seems like there’s a good bit of geopolitical risk that’s exiting the market here near term after, of course, we have signs […]
The benchmark KSE-100 Index of PSX declined by 1639.27 points, a drop of 1.37 percent, at 11:44 am during the intra-day trading. The KSE-100 Index plunged to 118,383.96 points, down from 120,023.23 points recorded in the previous trading session. Nabeel Haroon, an analyst at Topline Securities, attributed the market’s decline to the rising geopolitical uncertainty. […]
Speaking in the National Assembly, Minister of State for Finance, Bilal Azhar Kayani, on Friday, stated that the powers of the Federal Board of Revenue (FBR) have been reviewed and reorganized to promote a more balanced and accountable approach to tax administration. This effort includes defining the extent of its authority, introducing safeguards to prevent […]
The selling rate of Saudi Riyal also moved up accordingly and settled at Rs76.14 after gaining eight paisas in open market. The official currency of Saudi Arabia, denoted as Saudi Riyal or SAR, is divided into 100 halalas. Managed by the Saudi Central Bank, it has been pegged to the US Dollar since 1986, ensuring […]
The bids were submitted ahead of a June 19 deadline to acquire up to 100% of Pakistan International Airlines, which has accumulated over $2.5 billion in losses in roughly a decade. Still, following a major restructuring, it posted its first operating profit in 21 years in the year through June 2024. The sale is seen […]
The National Assembly’s Standing Committee on Finance, chaired by Syed Naveed Qamar, convened to discuss the issue of enforcing sales tax registration for non-registered individuals and businesses. Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial revealed that non-registered entities will now receive formal notices, and failure to register will result in the freezing of […]
Addressing a press conference along with the Secretary, Ministry of Industries and Production, Saif Anjum, and the Chief Executive Officer Engineering Development Board (EDB), Engr. Khuda Bukhsh, Haroon said the new EV policy is aligned with the Prime Minister’s vision of promoting clean, sustainable, and affordable transportation while encouraging local industry and protecting the environment. […]
