According to the budget 2025-26 proposals, the salaries and pensions of the government employees are likely to be raised. However, prospects for significant tax relief for salaried individuals appear dim, as the International Monetary Fund (IMF) has reportedly objected to maintaining the current annual tax-free income threshold of Rs1.2 million. As a result, the government […]
Later, he will lay a copy of the Finance Bill, 2025, containing the Annual Budget Statement before the Senate. Budget 2025-26 summarizes certain relief measures for salaried individuals, including a 10% salary increase for government employees and a 5% to 7.5% increase in pensions for retired civil servants. Employees in Grades 1 to 16 are […]
As part of the new improvements, the Federal Board of Revenue (FBR) is suggesting a tenfold increase in fines, through Point of Sale (POS) systems, for tax fraud, increasing penalties to PKR 5 million from PKR 500,000. Hidden businesses that maintain secret transactions besides the POS system will also experience severe legal actions. In the […]
The Seattle-based retailer said that fewer than 100 workers were impacted and the move was meant to improve efficiency and streamline operations. “As part of our ongoing work to make our teams and programs operate more efficiently, and to better align with our business roadmap, we’ve made the difficult decision to eliminate a small number […]
Pakistan’s reserves held by the SBP decreased by US$ 7 million to reach US$ 11.51 billion during the same period, the central bank said in a statement. Pakistan’s net foreign reserves held by commercial banks stood at US$5.09 billion. “During the week ended on 09-May-2025, SBP reserves increased by US$ 71 million to US$ 10,403.1 […]
This consistent rate follows a period of stability in the exchange rates of AED and PKR, bolstered by steady remittances and favorable economic conditions in both the UAE and Pakistan. Grasping the AED-PKR Exchange Rate The exchange rate between the UAE Dirham and the Pakistani Rupee is affected by market dynamics and central banks’ decisions. […]
The slight adjustment in the exchange rate has prompted remarks from analysts and traders regarding the possible factors influencing its value and the implications for trade and remittances between the two nations. One Kuwaiti Dinar equates to 913.99 Pakistani Rupees Comprehending the KWD-PKR Exchange Rate The KWD’s exchange rate against the PKR is influenced by […]
The Government of Pakistan and Asian Development Bank (ADB) signed a $300 million loan agreement for the “Improved Resource Mobilisation and Utilization Reform Program (Subprogram-II)”. Statements were made from both sides. Dr. Kazim Niaz, Secretary of the Economic Affairs Division, and Ms. Emma Fan, Country Director, Pakistan Resident Mission, ADB signed the Loan Agreement. The […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 282.5 and Rs 284.3, respectively. The price of the Euro decreased by 84 paisa to close at Rs 321.28 against the last day’s closing of Rs 322.12, according to the State […]
The European Commission said Bulgaria had fulfilled the strict criteria “intended to ensure that a country is ready to adopt the euro and that its economy is sufficiently prepared to do so”. The European Central Bank also gave a positive opinion, hailing Bulgaria’s “tremendous dedication to making the adjustments needed”. The push has, however, sparked […]
