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).
(more…)Category: Pakistan
-
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.
(more…) -
FBR Unveils Draft Income Tax Return Forms for Tax Year 2024
Islamabad, June 24, 2024 – The Federal Board of Revenue (FBR) issued draft return forms for the tax year 2024 on Monday, ensuring the timely commencement of the return filing season this year.
(more…) -
IMF Hails Pakistan for Tough Measures in 2024-25 Budget
ISLAMABAD, June 22, 2024 – The International Monetary Fund (IMF) has commended Pakistan for its stringent economic decisions embedded in the 2024-25 budget.
(more…) -
Education and Healthcare Sectors Fight for Tax Breaks in Pakistan
Islamabad, Pakistan – June 22, 2024 – Pakistan’s education and healthcare sectors are locked in a battle to preserve vital tax breaks proposed for elimination in the recently unveiled Finance Bill 2024.
(more…) -
Pakistan Sees 55% Mobile Phone Production Growth in May 2024
Pakistan has recorded a remarkable 55% growth in mobile phones manufacturing year-on-year (YoY) in May 2024, according to the latest data from the Pakistan Telecommunication Authority (PTA).
(more…) -
Pakistan Sees Unchanged Gold Prices Amid Global Rise
Karachi, June 20, 2024 – The per tola price of 24 karat gold in Pakistan remained steady at Rs 241,300 on Thursday, according to the All Sindh Sarafa Jewellers Association. Despite a rise in gold prices on the international market, local prices for gold have not fluctuated.
(more…) -
President and PM Condemn Killing of Khalil Gibran
Islamabad, Pakistan (June 19, 2024) — President Asif Ali Zardari and Prime Minister Muhammad Shehbaz Sharif on Wednesday strongly condemned the tragic killing of senior journalist Khalil Gibran, President of the Landi Kotal Press Club.
(more…) -
Finance Bill 2024 Sweetens PIA Privatization
Islamabad, June 18, 2024 – In a last-minute bid to attract investors for the privatization of Pakistan International Airlines (PIA), the government has included a key amendment in the Finance Bill 2024.
(more…) -
Import of Motor Cars into Pakistan Surges 420% in May 2024
The import of motor cars into Pakistan witnessed an extraordinary surge of 420% year on year (YoY) in May 2024, according to official data released recently.
(more…)