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Tax changes in Budget 2024-25 lead to pay cuts for public, private employees | The Express Tribune
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[ad_1] ISLAMABAD: The federal government’s tax adjustments in the Budget 2024-25 have resulted in a decrease in net salaries for numerous employees across both public and private sectors, despite nominal pay raises. According to government officials, the changes in tax…
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Analysts urge interest rate cuts, PPP reviews | The Express Tribune
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[ad_1] KARACHI: Economic analysts and industrialists are advocating for a reduction in interest rates and a review of public-private partnerships (PPP) to bolster Pakistan’s economy and industrial growth. They argue that aggressive interest rate cuts could stimulate economic growth, encourage…
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Finance Minister Aurangzeb hints at more interest rate cuts | The Express Tribune
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[ad_1] Listen to article Federal Finance Minister Mohammad Aurangzeb has indicated that there is room for further cuts in interest rates. Speaking at the Karachi Chamber of Commerce, Aurangzeb stressed the importance of macroeconomic governance for economic growth, noting that structural issues…
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SBP cuts interest rate by 100 bps to 19.5% | The Express Tribune
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[ad_1] The State Bank of Pakistan (SBP) on Monday announced a one per cent reduction in the interest rate, bringing it down to 19.5 per cent. This was revealed by SBP Governor Jameel Ahmad during a media briefing following the…
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Govt cuts proposed PSDP down to size | The Express Tribune
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[ad_1] ISLAMABAD: Hours before its approval by the National Assembly, the government has decided to cut the proposed Public Sector Development Programme (PSDP) of Rs1.4 trillion by Rs250 billion in a bid to create fiscal space for withdrawing some taxes…
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Brazil’s president rejects spending cuts | The Express Tribune
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[ad_1] BRASILIA: Brazil’s President Luiz Inacio Lula da Silva said on Saturday he is open to analysing Finance Minister Fernando Haddad’s spending cut proposals but emphasised that fiscal adjustments would not be made at the expense of the poor. Speaking…
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OPEC+ extends deep oil cuts into 2025 | The Express Tribune
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[ad_1] LONDON/DUBAI: OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival US production. Brent…
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State-owned housing finance giant cuts funding | The Express Tribune
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[ad_1] KARACHI: The House Building Finance Corporation (HBFC) has reportedly stopped providing subsidised housing and construction loans to the general public. According to the financial performance report of the state-owned housing finance giant till December 31, 2023, new financing has…
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Job cuts expected at banks in Asia | The Express Tribune
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[ad_1] Overall, investment banking fees collected by global banks in the Asia Pacific dropped 25% in 2023 from a recent peak of $40.6 billion in 2021, LSEG data showed. Photo: REUTERS HONG KONG: Job cuts at Western investment banks in…
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Govt cuts petrol price by Rs14, HSD by Rs13.50 per litre | The Express Tribune
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[ad_1] The caretaker federal government has slashed the price of petrol by Rs14 per litre and high-speed diesel (HSD) by Rs13.50 per litre on Friday, providing much-needed relief to the people who have borne the brunt of a challenging economic crisis since…
