ISLAMABAD, December 3, 2024 – The Pakistan Meteorological Department (PMD) has forecast predominantly cold and dry conditions across the country for Tuesday, December 3, 2024. However, isolated areas in the northern regions are likely to experience precipitation.
(more…)Author: Mrs. Anjum Shahnawaz
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Provinces Miss Deadline to Amend Agricultural Tax Laws
ISLAMABAD: The federal government has confirmed that provinces failed to meet the deadline for amending their agriculture income tax legislation, which was set for October 2024. This was disclosed during a presentation to the National Assembly Standing Committee on Finance, where officials provided an update on the quantitative performance criteria and structural benchmarks related to Pakistan’s ongoing International Monetary Fund (IMF) program.
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PM Shehbaz Hopes for Further Rate Cuts After Inflation Drops
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday hailed the remarkable decline in inflation to 4.9%—the lowest in six and a half years—expressing optimism that this milestone could lead to further reductions in the key policy rate by the State Bank of Pakistan (SBP). Speaking during a federal cabinet meeting, Shehbaz emphasized the importance of leveraging this development to improve the financial well-being of the general public.
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PMD Forecasts Rain-Thunderstorms Across Pakistan on Dec 2
Islamabad, December 1, 2024 – The Pakistan Meteorological Department (PMD) has predicted widespread rain and thunderstorms across the country on Monday, December 2, 2024, accompanied by snowfall over hilly regions in certain areas.
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APTMA Urges Restoration of EFS for All Textile Players
KARACHI: The All Pakistan Textile Mills Association (APTMA) has called on the government to urgently restore the Export Facilitation Scheme (EFS) to its pre-Finance Act 2024 status, including reinstating zero-rating on local supplies for export manufacturing. APTMA argues that this step is crucial for ensuring a level playing field for domestic manufacturers who have been disadvantaged compared to tax-exempt imported inputs.
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Pakistan Hikes Petrol and Diesel Prices for Early December 2024
Islamabad, November 30, 2024: The government of Pakistan has announced an increase in the prices of key petroleum products for the first half of December 2024. The adjustment, based on recommendations from the Oil and Gas Regulatory Authority (OGRA), reflects global market trends and rising oil prices.
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PIA Will Get Higher Bids After EASA Lifts Ban: Khawaja Asif
Sialkot, November 30, 2024 – Aviation Minister Khawaja Asif welcomed the European Commission and the European Aviation Safety Agency’s (EASA) decision to lift the suspension on Pakistan International Airlines (PIA), expressing optimism about its positive impact on the privatization process of the indebted national carrier.
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Thunderstorms Predicted for Upper Parts of Pakistan on Dec 1
Islamabad, November 30, 2024 – The Pakistan Meteorological Department (PMD) has forecast rain, thunderstorms, and snowfall over hills for upper parts of the country on Sunday, December 1, 2024. According to the PMD, a westerly weather system currently influencing the western and upper regions of Pakistan is expected to bring significant weather activity.
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Expected Petroleum Prices in Pakistan for December 2024
Pakistan is anticipated to raise petroleum product prices starting December 1, 2024, as global oil prices continue to climb. The price adjustment will follow the routine fortnightly review of petroleum prices, with the updated rates scheduled for announcement on November 30, 2024. These revised prices will be effective from December 1 to December 15, 2024.
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EASA Lifts Ban on PIA After Four Years
The European Union Aviation Safety Agency (EASA) has officially lifted the four-year ban on Pakistan International Airlines (PIA), marking a significant milestone for Pakistan’s aviation sector.
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