According to a letter from the PM office to the Federal Board of Revenue, the Prime Minister has been pleased to constitute a Task Force for comprehensive and end-to-end digitalization of FBR. Minister of State for Finance & Revenue Ali Malik will be chairman of the Task Force while Major General Syed Ali Raza, DG […]
According to a press release issued by the Prime Minister’s Office (PMO), the task force has been formed to reduce the financial burden on the power sector being borne by the government and to enable the establishment of an efficient, liquid, and self-sustaining competitive power market The task force comprises Federal Minister for Power Sardar […]
The data showed that the inflows of remittances during June were recorded at US$ 200 million as compared to US$ 224 million in May 2024. These accounts provide innovative banking solutions to millions of Non-Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, seeking to undertake banking, payment, and investment activities in Pakistan. The […]
Sources close to the development revealed that Prime Minister Shehbaz Sharif has tasked the economic team to revise the current income tax rate on salaried classes earning up to Rs 100,000 per month. In the recent budget, the government had increased the income tax rate to 2.5 percent on monthly salaries up to Rs 100,000. […]
The government has proposed to increase subsidies on food items – including flour, rice, and pulses – by 300 percent. The subsidy on flour and rice is likely to be increased from Rs25 to Rs100 per kilogram, while the subsidy on pulses is likely to be increased from Rs70 to Rs100 per kilogram. Similarly, the […]
On arrival, Prime Minister Shehbaz Sharif warmly received the visiting dignitary. A 21-gun salute boomed in the backdrop to herald the arrival of the dignitary and two children, clad in traditional dresses, presented bouquets to him. During the visit, President Aliyev will hold meetings with Prime Minister Shehbaz and President Asif Ali Zardari. The two […]
The understanding to this effect came at a meeting between Prime Minister Muhammad Shehbaz Sharif and Tajik President Emomali Rahmon in Dushanbe today. On the bilateral front, the two leaders discussed the entire range of bilateral cooperation including trade and economy, investment, connectivity, culture, education, science and technology, defense, humanitarian assistance, parliamentary exchanges, and people-to-people […]
The prime minister arrived at the venue, he was warmly received by President Rehmon. The national anthems of both the countries were played as the stood at the salute dias. Later, the smartly turned out contingents of Tajik armed forces presented guard of honor to the prime minister which he reviewed. The prime minister also […]
Finance Minister Muhammad Aurangzeb chaired the meeting. According to sources, a notification for the dissolution of these boards will be issued after the Cabinet ratifies the decision. The committee has approved the formation of new boards for nine out of the eleven state-owned power companies. The Cabinet Committee’s approval came on the recommendation of the […]
The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25% on Thursday ahead of a July 4 election, but some policymakers said their decision not to cut rates was now finely balanced. The BoE’s Monetary Policy Committee voted 7-2 to keep rates on hold, in line with economists’ expectations […]
