Islamabad, August 4, 2024 — The government is exploring options to provide income tax relief to the salaried class. The move comes as the coalition government faces mounting pressure from the ongoing sit-in by the Jamaat-e-Islami (JI) in Rawalpindi against inflated electricity bills and high taxes.
(more…)Author: Mrs. Anjum Shahnawaz
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Heavy Rainfall Predicted for Islamabad on August 4, 2024
Islamabad, August 3, 2024 – The Pakistan Meteorological Department (PMD) has forecasted heavy rainfall for Islamabad on Sunday, August 4, 2024.
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Monsoon Thundershowers to Grip Pakistan on August 3
Islamabad, August 2, 2024 – The Pakistan Meteorological Department (PMD) has forecasted that monsoon thundershowers will sweep across Pakistan on Saturday, August 3, 2024.
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PM Shehbaz Says Reducing Electricity Prices Top Priority
Islamabad, August 2, 2024 – Prime Minister Shehbaz Sharif stated on Friday that the government is focused on providing relief to electricity consumers, emphasizing that reducing electricity prices is a key agenda for PML-N President Muhammad Nawaz Sharif, the government, and its allies.
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President Zardari Seeks Viable Solution to IPPs Capacity Charges
Islamabad, August 2, 2024 – President Asif Ali Zardari has urged for a collaborative and effective solution to address the rising energy costs in Pakistan. He proposed that the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) should form a committee to work with the President’s office in developing a viable strategy to manage the payment of capacity charges to Independent Power Producers (IPPs).
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PMD Predicts Friday Thundershowers for Karachi
Islamabad, August 1, 2024 – The Pakistan Meteorological Department (PMD) has forecasted more thundershowers for Karachi on Friday, August 2, 2024. The PMD has issued a weather alert predicting rain, windstorms, and thundershowers for various regions, with some areas expecting heavy to very heavy falls.
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CCP Greenlights EP Group’s Stake Acquisition in Thyssenkrupp
Islamabad, August 1, 2024 – The Competition Commission of Pakistan (CCP) has approved a significant merger in the steel industry with international implications, involving the EP Corporate Group (EPCG) acquiring over 20% shares from the German industrial conglomerate Thyssenkrupp.
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Minister Assures Capacity Payment Issues Will Be Resolved Soon
Islamabad, August 1, 2024 – Federal Minister for Power Awais Ahmad Khan Laghari has assured that the ongoing capacity payment issues affecting electricity tariffs will be resolved soon.
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FBR Surpasses July Tax Target and Collects Rs 659 Billion
Islamabad, July 31, 2024 –The Federal Board of Revenue (FBR) has surpassed its tax target for July 2024, collecting Rs 659.2 billion against the target of Rs 656 billion. This milestone, announced in a statement on Wednesday, marks a promising start to the financial year 2024-25.
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Pakistan Slashes Petroleum Prices for Half of August 2024
Islamabad, July 31, 2024 – In a move set to provide much-needed respite to citizens grappling with high electricity bills and taxes, Pakistan announced a significant reduction in petroleum prices for the first half of August 2024. This development comes as a response to the recent decline in global oil rates.
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