Business News
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PSX soars to record 76,208 points as investors cheer steady CGT
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[ad_1] A broker talks on the phone at the Pakistan Stock Exchange in Karachi on May 20, 2024. — PPI Pakistan’s stock market on Thursday surged to its highest level on record, marking its biggest single-day gain in nearly a year a day after the government, beating the market buzz, kept Capital Gains Tax (CGT)…
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Pakistan hopeful of reaching staff-level agreement with IMF in July: Aurangzeb
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[ad_1] Finance Minister Muhammad Aurangzeb addresses post-budget press conference in Islamabad on June 13, 2024. — Screengrab/GeoNews ISLAMABAD: Finance Minister Muhammad Aurangzeb said Thursday the federal government was hopeful of reaching a staff-level agreement with the International Monetary Fund (IMF) in July after the budget was presented in line with the lender’s requirements. The budget,…
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WATCH: Journo’s question leaves FM searching for answers | The Express Tribune
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[ad_1] Journalists staged a protest against the imposition of heavy taxes on salaried employees before Finance Minister Muhammad Aurangzeb’s press conference on Thursday. The finance minister was set to address a post-budget press conference in Islamabad when journalists stood up in protest. The journalists recorded a token protest just before the start of the press…
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Import duties on essential items remain unchanged in federal budget
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[ad_1] Representational image of people buying vegetables at a local market in Lahore on August 29, 2022, amid a big hike in prices of food items in the wake of massive floods in Pakistan. — AFP/File ISLAMABAD: The government has proposed several tax relief measures in the federal budget for the fiscal year 2024-25 such…
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Solar panels: Govt announces major relief in federal budget
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[ad_1] Workers washing 300 KWP solar PV system after its installation at Nishtar Medical University and Hospital in Multan, on December 4, 2022. — APP ISLAMABAD: In a bid to promote localisation, the federal government on Wednesday announced major relief on the imports of solar panel. Delivering the budget speech for the year 2024-25 in…
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Defence spending up 18% | The Express Tribune
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[ad_1] ISLAMABAD: The federal government proposed around 18% increase in the defence budget as the country continued to face internal and external security challenges, the budget document showed on Wednesday. The defence budget outlay for 2024-25 is Rs2,128 billion – less than 12% of the total budget – compared to Rs1, 809 earmarked for the…
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Budget: Govt unveils major funding for primary education
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[ad_1] A girl reading a book while attending her daily class with others at a government school in Peshawar. — Reuters/File ISLAMABAD: The incumbent government has earmarked major funding for the education sector in the federal budget 2024-25, in order to provide a suitable environment for children’s schooling. While presenting the budget in the National…
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Govt proposes increasing maximum limit of PDL on petrol, diesel to Rs80
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[ad_1] A fuel station attendant filling up a car at a petrol station. — AFP/File ISLAMABAD: The federal government has proposed increasing the maximum limit of Petroleum Development Levy (PDL) to Rs80 from existing Rs60 in the Finance Bill 2025. Finance Minister Muhammad Aurangzeb unveiled the budget for the next fiscal year in the National…
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Budget 2024-25: Income tax calculator
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[ad_1] A representational image shows a tax written on a calculator. — AFP/File Finance Minister Senator Muhammad Aurangzeb on Wednesday presented Budget 2024-25 loaded with new tax measures for the salaried and non-salaried class people with a total tax collection target of a whopping Rs12.97 trillion. The opposition lawmakers in the National Assembly chanted anti-government…
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Economists weigh in on federal budget FY25
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[ad_1] People buy dry fruits at a market in Karachi, Pakistan February 1, 2023. — Reuters After the Pakistan Muslim League-Nawaz-led coalition government presented federal budget 2024-25 with a total outlay of Rs18.9 trillion, prominent economists have analysed the strengths and weaknesses of the financial blueprint unveiled by Prime Minister Shehbaz Sharif’s administration for the…
