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 […]
The highly anticipated stimulus came on top of a series of measures announced over the last weeks that have included interest rate cuts and liquidity for banks. Despite the scale of the package, Finance Minister Lan Fo’an said China could dig deeper. “At present, we are accelerating the use of additional treasury bonds, and ultra-long-term […]
According to official sources, the cost of major petroleum products, including petrol and high-speed diesel (HSD), is expected to rise by around Rs5.50 and Rs13 per litre, respectively, starting October 16. Currently, petrol’s average price in the international market has risen to nearly $79 per barrel, up from about $76, while HSD has climbed from […]
