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 government is expected to announce a further reduction of up to Rs12 per litre in petroleum prices from June 15. Sources suggest that with a decrease of $5.14 per barrel in global oil prices, there is a possibility of a Rs12 per litre reduction in petrol prices in Pakistan. It is worth noting that […]
The budget was originally due to be presented on June 7 but was delayed because Prime Minister Shehbaz Sharif visited Beijing from June 4 to June 8, said sources. Prime Minister Shehbaz Sharif will visit China from June 4 to 8 at the invitation of President Xi Jinping, the Ministry of Foreign Affairs (MoFA) said […]
PM Shehbaz Sharif has directed that there should be no increase in power tariffs for those consuming 200-unit monthly consumers. Sources from the Prime Minister’s Office have indicated that Shehbaz Sharif has rejected the economic team’s proposal to increase electricity rates for protected consumers. Instead, a subsidy will be provided to these consumers, ensuring that […]
According to sources, FBR has decided to introduce a single sales tax return for all businesses, whereas supply monitoring will be conducted for unregistered businessmen. Sources said that the Track and Trace system will also be implemented in the tiles sector, and the FBR may grant additional powers to the Director General of Digital Invoices. […]
The IMF delegation, led by Mission Chief Nathan Porter, visited Pakistan and held extensive negotiations from May 13 to May 23 to discuss the country’s economic improvements. The statement highlights that the Pakistani government is seriously increasing revenue and emphasizes the need for fair tax collection from privileged sectors. The International Monetary Fund (IMF) mission […]
IMF team, led by mission chief Nathan Porter, concluded discussions with the authorities on Thursday after arriving in Pakistan on May 13, the lender said in a statement. “The mission and the authorities will continue policy discussions virtually over the coming days aiming to finalize discussions, including the financial support needed to underpin the authorities’ […]
IMF team, led by mission chief Nathan Porter, concluded discussions with the authorities on Thursday after arriving in Pakistan on May 13, the lender said in a statement. “The mission and the authorities will continue policy discussions virtually over the coming days aiming to finalize discussions, including the financial support needed to underpin the authorities’ […]
The Ministry of National Health Services, Regulations and Coordination (NHS, R&C) official, the government has proposed an 18 percent sales tax on medicines in the next budget on the recommendation of the International Monetary Fund (IMF). Experts warned that medicine prices will become out of reach for many people with the imposition of 18 percent […]
the plan aims to reduce expenditures in the next fiscal year, with the federal government not establishing any new universities and provinces funding varsity under their jurisdiction. In the next fiscal year, a contributory pension scheme is planned for all departments, except defense and police personnel. The scheme came as the global lender has asked […]
