The Pakistan Muslim League-Nawaz (PML-N) led federal government will present its first growth-oriented budget for the fiscal year 2024-25, with an estimated outlay of over Rs18 trillion. According to proposals, Pakistan has planned to get tax from the real estate sector in three slabs. Filter buying property worth Rs50 mln will have to pay 3 […]
Sindh Chief Minister Syed Murad Ali Shah, who is also holding the portfolio of finance, will present the budget in the Sindh Assembly at 3 pm. According to a letter issued by the provincial finance department here, the Sindh cabinet will meet tomorrow at the CM House to approve the FY24-25 budget. The federal government, […]
40 high-capacity locally manufactured wagons with the help of Chinese technology have been inducted into the PR fleet. CEO of Pakistan Railways Aamir Baloch inaugurated the induction of wagons. The high-capacity wagons, designed as per international standards, are capable of transferring 70 tonnes of loads at the speed of 100 kilometers per hour. Baloch said […]
The prime suspect, Sheikh Rashid, and his partners are under direct investigation for allegedly embezzling billions of rupees from sugar dealers and traders. NAB DG Lahore has formed a team to conduct immediate investigations, and the inquiry has begun against Sheikh Rashid, Kashif, and Faisal. The NAB spokesperson said that Sheikh Rashid’s four warehouses in […]
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb will present the budget on the National Assembly floor. The budget will be aimed at mitigating the people’s sufferings, transforming the agriculture sector, promoting information technology (IT), and boosting exports the government sources said The government also claimed that in addition to fiscal management, revenue mobilization, […]
The price of a cement bag witnessed an increase of Rs115 in a month. The price of a cement bag is up by Rs10, taking the rate of cement bag to Rs1,060 in Sindh including Karachi. In Punjab and KP the price of a cement bag has reached Rs1,260 after a rise of Rs15 per […]
The PML-N-led coalition government will present the budget 2024-25 tomorrow (Wednesday). Sources privy to the development said direct taxes worth Rs3452 billion and custom duty worth Rs267 bln will be slapped in the budget 2024-25. New taxes are proposed for income tax, capital value, sales, services, FED, and others. Sugar, rice, flour, and milk prices […]
The World Bank has approved $1 billion in additional financing for Pakistan’s Dasu Hydropower Stage I (DHP I) Project. This funding aims to expand hydropower electricity supply and improve socio-economic services for local communities. The project is seen as a game changer for Pakistan’s energy sector. A Move Towards Clean Energy The World Bank’s Board […]
The World Bank has approved $1 billion to construct the Dasu Dam. This financing will support the expansion of hydropower electricity supply, improve access to socio-economic services for local communities, and build the Water and Power Development Authority’s (WAPDA) capacity to prepare future hydropower projects. DHP is a run-of-river project on the Indus River about […]
Pakistan’s budget deficit is a major concern, with government expenditure soaring. The expenditure to GDP ratio is over 22%, compared to around 15% in Bangladesh. Last year, the budget deficit exceeded Rs13 trillion. This year, it is projected to be around Rs 11 trillion, despite the government’s initial estimate of Rs 6.5 trillion to Rs […]
