Budget
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Budget 2024-25: Here’s a guide to understand financial terms
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[ad_1] This is a representational image of budget papers. — Canva/File The government on Wednesday will table the much-awaited federal budget for the next next fiscal year 2024-25 as it seeks to secure the new International Monetary Fund (IMF) bailout package. The budget will be presented in the National Assembly by Finance Minister Muhammad Aurangzeb at 4pm. The…
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Budget 2024-25: Govt likely to revise tax slabs for high-paid employees | The Express Tribune
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[ad_1] ISLAMABAD: The upcoming federal budget for 2024-25 is expected to see tax hikes and the removal of unnecessary exemptions, including a sales tax on petroleum products and revised income tax slabs for high-paid employees. According to documents, Rs2.1 trillion is allocated for defence and Rs9.7 trillion for debt servicing. Development projects will receive Rs1.5…
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PSX dips below 73,000 barrier ahead of budget announcement | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) experienced a significant downturn falling by 572 points, causing the index to drop below the 73,000-point barrier. The KSE-100 Index closed at 72,679 points. Inflation, current state of global markets, and the country’s political situation were reported as factors contributing to the dip ahead of the announcement for the…
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SBP reduces policy rate by 1.5% ahead of budget
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[ad_1] The State Bank of Pakistan building in Karachi. — APP/file KARACHI: The State Bank of Pakistan (SBP) on Monday announced to cut the policy rate by 150 basis points, marking its first rate reduction in nearly four years. The decision to cut the key rate to 20.5% comes two days ahead of budget and…
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Solar panel prices jump ahead of budget | The Express Tribune
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[ad_1] KARACHI: Prior to the unveiling of the 2024-2025 budget in Pakistan, there has been a noticeable surge in solar panel prices, attributed to traders adjusting their rates in anticipation of upcoming tax changes. According to reports, the government, aligning with IMF conditions amid bailout negotiations, is reportedly considering imposing additional taxes on solar panels.…
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Budget FY25: Govt proposes ‘20% hike’ in salaries
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[ad_1] An employee counts Pakistani rupee notes at a bank in Peshawar, on August 22, 2023. — Reuters ISLAMABAD: As the federal government ramped up the pace to finalise the budget 2024-25, the finance minister proposed a 15-20% hike in the salaries, Geo News reported citing sources. According to the insiders of the finance ministry,…
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PSX tumbles over 900 points ahead of federal budget | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) took the plunge of more than 900 points in the KSE-100 index benchmark. During the intraday trading on Tuesday, the PSX dipped nearly 1.22%, closing at 74,666.65 points. The PSX plummeted a total of 1,212 points from its intraday high of 75,878.48 points yesterday. Earlier today, International Packaging…
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Bears tighten grip ahead of FY25 budget | The Express Tribune
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[ad_1] KARACHI: Bears tightened their grip over the Pakistan Stock Exchange (PSX) in the post-holiday trading session on Wednesday, where the KSE-100 index lost around 680 points. In the morning, trading began with a spike but soon the index dipped due to political uncertainty and the lack of positive cues. Investor sentiment took a hit…
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Salient features of KP budget FY25
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[ad_1] Khyber Pakhtunkhwa Finance Minister Aftab Alam presents budget for the fiscal year 2024-24 in the provincial assembly on May 24, 2024, in this still taken from a video. — YouTube/Geo News The PTI-led Khyber Pakhtunkhwa (KP) government Friday unveiled Rs1,754 billion annual budget for the fiscal year 2024-25, with a promise of 100,000 jobs…
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KP govt announces budget FY25 with total outlay of Rs1,754bn
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[ad_1] KP finance minister Aftab Alam presents the provincial budget for FY 2024-25 on May 24, 2024. — Screen grab/Geo News The Khyber Pakhtunkhwa (KP) government on Friday unveiled its annual budget for the fiscal year 2024-25 with a total outlay of Rs1,754 billion, with a surplus of Rs100 billion. The government has projected Rs…
