Islamabad, July 14, 2024 – The Pakistan Meteorological Department (PMD) has issued a weather forecast predicting scorching temperatures for much of the country on Monday, July 15, 2024. The forecast suggests a predominantly hot and humid climate across most regions, with sporadic rain-thundershowers expected in some areas.
(more…)Author: Mrs. Anjum Shahnawaz
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PMD Issues Alert of Heavy Rains in Balochistan
Karachi, July 13, 2024 – The Pakistan Meteorological Department (PMD) has issued a warning of heavy rains in northeast Balochistan and the Sulaiman range, prompting concerns of potential flash floods and landslides in the region.
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Petroleum Prices Set to Rise in Pakistan from July 16th
Islamabad, July 13, 2024 – The citizens of Pakistan may be in for some unwelcome news at the pump as petrol and diesel prices are expected to rise significantly in the second half of July. Industry sources suggest an increase effective from July 16th, driven by rising global oil prices.
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PM Shehbaz Directs FBR to Grid Up Loins for Revenue Generation
Islamabad, July 13, 2024 – Prime Minister Muhammad Shehbaz Sharif on Saturday directed the Federal Board of Revenue (FBR) authorities to tighten their belts and serve the nation by formulating a strategy and mechanism, coupled with the usage of the latest technology, to broaden the tax net without further burdening the honest taxpayers.
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PM Shehbaz Expresses Satisfaction Over Clinching IMF Loan
Islamabad, July 13, 2024 – Prime Minister Muhammad Shehbaz Sharif expressed deep satisfaction on Saturday following Pakistan’s successful negotiation of a staff-level agreement with the International Monetary Fund (IMF) for a new $7 billion loan program. The agreement, spanning over 37 months, is poised to bolster Pakistan’s economy amidst ongoing financial challenges.
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Monsoon Mania! Thundershowers Set to Drench Pakistan July 13
Islamabad, July 12, 2024 – Get ready for a soaking! Pakistan’s monsoon season is in full swing, with the Pakistan Meteorological Department (PMD) predicting widespread thundershowers across the country on Saturday, July 13th.
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Pakistan, Azerbaijan Aim for $2 Billion Investment Boost
Pakistan and Azerbaijan pledged to significantly strengthen their economic ties, aiming for a combined investment of US$2 billion in mutually beneficial projects. This ambitious target was announced by Pakistani Prime Minister Muhammad Shehbaz Sharif during a joint press conference with Azerbaijani President Ilham Aliyev on Thursday.
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Aurangzeb Anticipates IMF EFF Size Decision Within a Week
Islamabad: Finance Minister Muhammad Aurangzeb has announced that the size of the new International Monetary Fund (IMF) Extended Fund Facility (EFF) for Pakistan will be determined within a week.
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FBR to Unveil Fixed Tax Rates for Traders and Retailers
Islamabad: The Federal Board of Revenue (FBR) is set to announce a new, simplified tax system tailored for traders, shopkeepers, and retailers in 42 Pakistani cities. This initiative aims to replace the existing complex square-footage based tax system with a more straightforward flat tax rate determined by shop location and category.
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President Approves Ad hoc Relief Allowance for Govt Employees
Islamabad, July 11, 2024 – The President of Pakistan has sanctioned an Ad hoc Relief Allowance for government employees, effective from July 1, 2024. This initiative, announced by the Finance Division, will benefit federal government employees, including Armed Forces personnel, Civil Armed Forces, Civil Employees, and civilians paid from defense estimates, encompassing contingent paid staff and contract employees.
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