According to the Finance Bill 2024-25 passed by the National Assembly (NA) today, an excise duty of Rs12,500 will be imposed on economy and economy plus class tickets, while business and club class tickets will be taxed at a higher rate. For travel to the United States and Canada, foreign travelers with business and club […]
Minister for Finance and Revenue Muhammad Aurangzeb moved the motion for consideration of the Finance Bill, 2024 to give effect to the financial proposals of the federal government for the year, commencing on July 1, 2024. The motion was passed with a majority vote which led to the passage of Finance Bill-2024 after clause-by-clause reading […]
Chairing a meeting on ease of business, the prime minister directed the relevant authorities to establish a one-window operation to simplify documentary procedures for companies and traders. He also directed to seek assistance from Chinese experts to establish an experimental facility service center modeled after the Shenzhen One-Stop Shop. Regarding ease of doing business and […]
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 trade deficit – the gap between exports and imports – was 15%, or $3.9 billion, lower during the July-May period of the current fiscal year compared to a year ago, according to figures released by the Pakistan Bureau of Statistics (PBS) on Monday. Imports during the first 11 months of 2023-24 reached $49.8 billion, […]
The Finance Division of Pakistan is seeking a dynamic and qualified individual to fill the position of Project Director for the ongoing “Financial Inclusion and Infrastructure Project (FIIP).” This role will be on a contract basis in Project Pay Scale-11, equivalent to BPS-21. The project is slated for completion by June 30, 2025, and the […]
Ministry of Finance is considering a stimulus package to support the economy on Tuesday. Finance Minister, Shaukat Tarin, is reportedly leading the initiative, which will contain monetary, fiscal, or both elements. The stimulus package details have not been shared so far, as it is still a work in progress. The minister also told the media […]
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The government on Monday decided to remove Dr. Abdul Hafeez Shaikh from the post of finance minister and replace him with Minister for Industries and Production Hammad Azhar, Senator Shibli Faraz confirmed to Samaa TV. According to Faraz, Prime Minister Imran Khan decided to bring in a new finance team; because of “the inflation that […]
LAHORE: Former prime minister Nawaz Sharif was declared an absconder and had non-bailable arrest warrants issued against him on Tuesday in the illegal plot allotment case that also includes Jang group Editor-in-chief Mir Shakil-ur-Rahman and others as accused. Accountability Court judge Asad Ali while presiding over the hearing of the case also ordered the confiscation […]
