Category: National
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Pension incomes above Rs10 million to face tax in FY26
Karachi, June 11, 2025 – In a significant fiscal development, the federal government has proposed an income tax on pension income exceeding Rs10 million annually as part of the Finance Bill, 2025.
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Government raises 10% salary, 7% pension in budget 2025-26
In a significant move aimed at providing financial relief to public sector employees and retirees, the federal government has proposed a 10% increase in the salary of government employees and a 7% hike in pensions in the Budget for the fiscal year 2025-26.
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Pakistan’s per capita income rises to $1,824 in FY2025
Islamabad, June 9, 2025 – According to the Economic Survey of Pakistan 2024–25 released on Monday, the country’s per capita income has climbed to $1,824, marking a significant improvement from $1,662 in the previous fiscal year.
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Agriculture sector share rises to 23.54% of GDP in FY25
Islamabad, June 9, 2025 – The Economic Survey of Pakistan 2024-25 has reported that the agriculture sector contributed 23.54% to the country’s Gross Domestic Product (GDP), reflecting its continued structural significance.
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Power Division denies ban on second electricity meters
Islamabad, June 8, 2025 – The Power Division has strongly denied widespread rumors suggesting a ban on the installation of second electricity meters, clarifying that no such restriction exists under current regulations.
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National Assembly confirms June 10 session for Pakistan budget
Islamabad, June 8, 2025 – The National Assembly of Pakistan has officially locked in June 10 as the date for unveiling the much-anticipated budget for the fiscal year 2025–26.
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Budget 2025–26: salary and pension increases under review
ISLAMABAD, June 7, 2025 – The federal government is actively reviewing proposals to increase salary and pension for government employees in the upcoming Budget 2025–26, despite tight fiscal space and growing pressure from coalition partners.
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PM Shehbaz felicitates nation and Muslim Ummah on Eid-ul-Adha
ISLAMABAD, June 7, 2025 – Prime Minister Muhammad Shehbaz Sharif has extended heartfelt congratulations to the people of Pakistan and the entire Islamic world on the blessed occasion of Eid-ul-Adha, emphasizing the importance of sacrifice, unity, and compassion in shaping a better future for all.
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PMD confirms 32 earthquakes hit Karachi in less than a week
KARACHI – In a rare and unsettling turn of events, the metropolis of Karachi has experienced a staggering 32 earthquakes over a six-day span, from June 1 to June 6, according to data released by the Pakistan Meteorological Department (PMD).
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Unbelievable Yet True: K-Electric clinches massive Rs50bn write-off
In a move that has sent shockwaves across the country’s power sector, the National Electric Power Regulatory Authority (NEPRA) has granted K-Electric a jaw-dropping Rs50 billion write-off—a concession so colossal that only K-Electric could pull it off in Pakistan.
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