Islamabad, July 2, 2024 – Pakistan has requested the International Monetary Fund (IMF) to expand its proposed bailout package to $10 billion, citing the country’s deteriorating economic conditions.
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Pakistan Registers 10.54% Jump in Exports for FY24
Islamabad, July 2, 2024 (PkRevenue.com) – Pakistan has recorded a remarkable growth of 10.54 percent in exports during the fiscal year 2023-24, according to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday. The country’s exports surged to $30.65 billion during FY24, up from $27.72 billion in the previous fiscal year.
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Pakistan’s Headline Inflation Contracts to 23.4% in FY24
Pakistan’s average headline inflation, as measured by the Consumer Price Index (CPI), contracted to 23.4% in the fiscal year 2023-24, a significant reduction from the previous fiscal year’s 29.2%, according to the Pakistan Bureau of Statistics (PBS).
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Pakistan Jacks Up Petroleum Prices for First Half of July 2024
Islamabad, July 1, 2024 – Pakistan has announced an increase in petroleum prices for the first half of July 2024, attributing the hike to a rising trend in the international market.
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Pakistan President Approves Tax-Heavy 2024-25 Budget
Islamabad, June 30, 2024 – Pakistan President Asif Ali Zardari on Sunday approved the heavily tax-laden Budget 2024-25, set to come into effect from July 1. The budget, amounting to Rs18.877 trillion, aims to stabilize the economy and secure a new bailout from the International Monetary Fund (IMF).
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Pakistan Approves Petroleum Levy Increase to Rs 70 per Liter
Karachi, June 29, 2024 – Pakistan has approved an increase in the petroleum levy to Rs 70 per liter on the price of petroleum products for the fiscal year 2024-25.
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PM Shehbaz Praises Aurangzeb for Successful 2024-25 Budget
Islamabad, June 29, 2024 – Prime Minister Shehbaz Sharif has commended Finance Minister Mohammad Aurangzeb for his successful efforts in securing the approval of the 2024-25 budget from the parliament.
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Pakistan Puts More Tax Burden on 2024-25 Budget Approval
Pakistan has intensified its fiscal measures by increasing the tax burden on the nation as it seeks approval for the 2024-25 budget. The government has added further amendments to the earlier proposed Finance Bill 2024, imposing additional taxes to meet revenue targets.
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National Assembly Passes 2024-25 Budget
Islamabad, June 28, 2024 – The National Assembly on Friday approved the budget for fiscal year 2024-25, presented by the ruling Pakistan Muslim League-Nawaz (PML-N).
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Aurangzeb Declares Major Tax Hike on Retailers Beginning July 1
Islamabad, June 26, 2024 – In a significant policy shift, Finance Minister Muhammad Aurangzeb announced on Tuesday that heavy taxes on retailers will take effect from July 1, 2024.
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