Islamabad, November 12, 2024 – The International Monetary Fund (IMF) delegation, led by IMF Mission Chief Nathan Porter, held an initial meeting with Finance Minister Muhammad Aurangzeb on Tuesday to discuss Pakistan’s economic progress under the Extended Fund Facility (EFF).
(more…)Author: Mrs. Anjum Shahnawaz
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FBR and IMF Engage in Talks on Potential Revenue Measures
On Monday, the Federal Board of Revenue (FBR) presented the International Monetary Fund (IMF) with an overview of Pakistan’s current fiscal standing, detailing revenue collection progress for the fiscal year 2024-25 and addressing strategies to bridge a projected shortfall of Rs 230 billion for the second quarter (October-December).
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Smog Alert: KP and Punjab Brace for November 12, 2024
Islamabad, November 11, 2024 – The Pakistan Meteorological Department (PMD) has issued a smog advisory for Tuesday, November 12, with conditions expected to impact large areas of Khyber Pakhtunkhwa (KP) and Punjab. Residents are advised to prepare for poor air quality, especially during the morning and night hours.
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Dry Weather Persists; Northern Areas Expect Rain and Snow
Islamabad, November 10, 2024 – The Pakistan Meteorological Department (PMD) has released a detailed weather forecast for Monday, November 11, 2024, with expectations of mostly dry conditions across the country. However, certain regions should be prepared for changes in weather patterns, especially in the northern and upper areas.
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IHC Halts FBR’s Tax Computation Directives for Banks
The Islamabad High Court (IHC) has issued a stay order against the Federal Board of Revenue (FBR) on its tax computation approach for banks, halting any further proceedings until the case is heard at a later date.
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PMD Forecasts Rain and Snowfall in Upper Pakistan on Nov 10
Islamabad, November 9, 2024 – The Pakistan Meteorological Department (PMD) has forecasted rain and snowfall in the upper regions of Pakistan for Sunday, November 10, 2024. According to the PMD, the day will primarily see dry weather across most of the country, but upper areas, particularly Gilgit-Baltistan and upper Khyber Pakhtunkhwa, can expect cloudy skies with light to moderate rain and light snowfall over high-altitude mountains during the evening and night.
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Aurangzeb Aims to Tax Real Estate, Retailers and Agriculture
Finance Minister Mohammad Aurangzeb has emphasized that it’s time to include the real estate, retail, and agriculture sectors in Pakistan’s tax system. He stated that the government could no longer rely solely on taxes from salaried workers and manufacturers, whose tax rates already reach up to 50%.
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PM Shehbaz Announces Lower Electricity Tariff for Winter Season
Prime Minister Shehbaz Sharif has introduced a three-month electricity relief package aimed at providing significant savings for consumers during the winter months.
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PMD Predicts Light Snowfall on Mountains on November 9, 2024
Islamabad, November 8, 2024 – The Pakistan Meteorological Department (PMD) has forecasted light snowfall over high mountainous areas for Saturday, November 9, 2024, marking a shift towards colder conditions in Pakistan’s northern regions.
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Pakistan Declares Public Holiday on November 9 for Iqbal Day Observance
The Government of Pakistan has officially declared November 9 as a public holiday nationwide in commemoration of Iqbal Day, honoring the 147th birth anniversary of the esteemed philosopher, poet, and visionary Allama Muhammad Iqbal.
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