Islamabad, September 12, 2024 – The government has announced the imposition of penalties on voluntary retirement for federal employees, as per a notification issued by the Ministry of Finance.
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Finance Division Issues Regulations for Special Family Pension
Islamabad, September 11, 2024 – The Finance Division has introduced new regulations concerning the special family pension scheme, as part of reforms aimed at improving support for the families of deceased pensioners.
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Provincial Tax to GDP Ratio Slips to 0.73%: Finance Ministry
Karachi, August 1, 2024 – The federal finance ministry has reported a decline in the provincial tax to GDP ratio, which has slipped to 0.73% for the fiscal year 2023-24.
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Government Collects Rs 1.02 Trillion Petroleum Levy in FY24
Karachi, July 31, 2024 – The Ministry of Finance announced on Wednesday that the government collected a staggering Rs 1.02 trillion as petroleum levy during the fiscal year 2023-24.
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Pakistan’s Economy Shows Signs of Stability in FY24: Report
Islamabad, July 30, 2024 – The Pakistani economy is showing signs of stability as the fiscal year 2023-24 comes to a close, with declining inflation, a primary fiscal account surplus, a minimal current account deficit, and a stable exchange rate, according to the Finance Ministry’s report released on Tuesday.
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President Approves Ad hoc Relief Allowance for Govt Employees
Islamabad, July 11, 2024 – The President of Pakistan has sanctioned an Ad hoc Relief Allowance for government employees, effective from July 1, 2024. This initiative, announced by the Finance Division, will benefit federal government employees, including Armed Forces personnel, Civil Armed Forces, Civil Employees, and civilians paid from defense estimates, encompassing contingent paid staff and contract employees.
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Aurangzeb Urges Inclusion of Retailers and Real Estate in Tax Net
Islamabad, June 28, 2024 – Finance Minister Mohammad Aurangzeb emphasized the necessity of broadening Pakistan’s tax base by incorporating retailers and the real estate sector into the tax net.
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Aurangzeb Reiterates Goal of Enhancing Tax-to-GDP Ratio to 13%
Islamabad, June 28, 2024 – Federal Finance Minister Muhammad Aurangzeb reaffirmed the government’s commitment on Friday to increase Pakistan’s tax-to-Gross Domestic Product (GDP) ratio to 13%, emphasizing the need for robust economic reforms to achieve sustainable growth.
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Pakistan Budget 2024-25 At A Glance
Islamabad: The Federal Government of Pakistan unveiled its budget for the fiscal year 2024-25 on Wednesday, June 12, 2024, totaling an ambitious Rs 18.877 trillion.
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Pakistan Making Tough Economic Decisions for Better: Aurangzeb
Pakistan is navigating a challenging economic landscape, implementing what they describe as “tough but necessary” decisions for the country’s long-term well-being.
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