Business News
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Major relief for masses as PM announces petrol, diesel prices cut ahead of Eid ul Adha
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[ad_1] A person fills his car’s tank at a fuel station in this undated file image. — AFP The Prime Minister’s Office on Friday night announced a major relief for the masses, notifying Rs10.2 per litre cut in petrol price ahead of Eid ul Adha. Federal Minister for Information Attaullah Tarar confirmed the development, saying…
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Sindh hikes sales tax to 15% | The Express Tribune
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[ad_1] KARACHI: The Sindh government has announced an increase in the rate of provincial sales tax on services by 2 percentage points, raising it to 15% effective from July 1. This move is expected to exacerbate inflation as it is an indirect tax that disproportionately affects low-income groups. The government estimates that this hike will…
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Govt reduces petrol, diesel prices to ease inflation pressure | The Express Tribune
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[ad_1] The government announced on Friday a significant reduction in petrol and high-speed diesel (HSD) prices for the upcoming fortnight, providing relief to consumers grappling with inflation. Effective from June 15, petrol prices will decrease by Rs10.20 per litre, bringing the new price to Rs258.16 per litre. HSD will see a reduction of Rs2.33 per…
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In a historic first, KSE-100 crosses 77,000 points
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[ad_1] A woman takes pictures of the electronic board displaying data at the Pakistan Stock Exchange in Karachi, on December 21, 2022. — PPI KARACHI: Just a day after making highest single-day gain, the stock market reached at an all-time high of 77,000 points in intraday trading on Wednesday as it gained over 1,000 points. The…
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Budget 2024-25: Sindh unveils Rs3.056tr budget with major focus on development, social welfare | The Express Tribune
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[ad_1] KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Friday presented a Rs3.056 trillion budget for the fiscal year 2024-25. The budget includes a significant increase in development expenditure and proposes salary hikes of 22 to 30 per cent. The budget allocates Rs959 billion, or 31 per cent, for development projects, highlighting a strong…
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Punjab presents Rs5.4tr budget for next fiscal year
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[ad_1] Punjab Finance Minister Mujtaba Shuja-ur-Rehman is presenting a budget in the provincial assembly on June 13, 2024. — Screengrab/YouTube/GeoNews Punjab Finance Minister Mujtaba Shuja-ur-Rehman presented Rs5.4 trillion budget for fiscal year 2024-25, saying no new tax has been levied in finance bill. He said revenue collection will be increased by 50% through other means…
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Punjab announces increment for govt employees
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[ad_1] Representation image of piles of coins with arrow. — Freepik Punjab cabinet has decided to increase salaries of government employees from 20% to 25% as per their grades besides hiking pensions of the retired workers in the budget 2024-25. Chief Minister Maryam Nawaz-led Punjab cabinet greenlighted the decision to increase the salaries of Grade…
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Widening tax net: Govt to impose fines, jail terms on unregistered traders | The Express Tribune
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[ad_1] The federal government has decided to penalise traders required to register for income tax under Section 99B, but who fail to do so. They could face fines, up to six months in prison, or both. According to Express News, the government has also decided to impose fines and up to one year in prison…
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‘Govt likely to reduce petrol price by Rs9 per litre from June 16’
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[ad_1] A petrol pump in Islamabad is seen in this undated image. — Online/File KARACHI: In what might be a possible relief for Pakistanis who have been troubled with sky-high inflation, the federal government is expected to slash petroleum prices by up to Rs9 per litre from June 16, sources told Geo News on Thursday. Oil…
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Deputy mayor says toll tax on Karachi roads to enhance KMC’s revenue
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[ad_1] Mayor Karachi Murtaza Wahab chairing the Karachi City Council meeting, while Deputy Mayor Karachi Salman Abdullah Murad is also present in the meeting held on June 10, 2024. —X/ @SalmanAMurad KARACHI: In his remarks on the imposition of toll tax by City Council on vehicles plying Karachi arteries, Karachi Deputy Mayor Salman Abdullah said…
