govt
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Govt staff PF profit rate upped | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has approved an increase in the rate of profit of the provident fund of its employees. According to the finance ministry, the profit rate of the provident fund has now been increased to 14.22% for the current fiscal year. It pointed out that the profit rate in the financial year…
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Govt unveils ‘bonded bulk storage’ to curb petrol hoarding
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[ad_1] A large number of bike owners stand in a queue at a petrol pump in Islamabad on June 7, 2022. — APP The federal government has unveiled a bonded bulk storage policy to end the illegal hoarding and shortages of petroleum products in the country, State Minister for Petroleum Musadik Malik announced on Wednesday.…
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‘Budget not part of 9th review’, govt says in response to IMF criticism
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[ad_1] Finance Minister Ishaq Dar addressing a meeting virtually. — APP/File Following the International Monetary Fund’s (IMF) concerns regarding the budget public, the Finance Ministry has clarified that the document is not part of the pending ninth review that has been delayed since November of last year. In a two-page rebuttal of IMF’s Resident Representative…
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Is Pakistani govt issuing Rs10,000 banknote?
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[ad_1] A picture of a Rs10,000 note being circulated on social media. — Twitter/@GeoFactCheck A picture of a Rs10,000 banknote has been circulating on social media, with netizens claiming that the State Bank of Pakistan (SBP) is gearing up to launch a higher denomination banknote. While the rumours sparked a debate over the fragile state…
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Govt rules out freeze on $5.4b FCAs | The Express Tribune
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[ad_1] ISLAMABAD: Top government functionaries, while explaining that the authorities would not inquire about the source of income on foreign remittances up to $100,000, on Monday ruled out any freeze on the $5.4 billion in private foreign currency accounts (FCAs) as part of the ‘Plan-B’. The statements made in the Senate Standing Committee on Finance,…
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Govt moves to exempt overseas Pakistanis from final tax on property
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[ad_1] A foreign currency dealer counts US dollars at a shop in Karachi, Pakistan, May 19, 2022. — AFP/File Finance Minister Ishaq Dar has proposed abolishing 2% final tax on the purchase of immovable property for overseas Pakistanis in the federal budget for the fiscal year 2023-24 to boost the remittances through formal channels amid…
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Budget 2023-24: What are relief measures taken by govt?
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[ad_1] Picture shows people buying vegetables. — AFP/File Finance Minister Ishaq Dar on Friday unveiled a Rs14.46 trillion budget for the fiscal year 2023-24 with “no new taxes” and aiming to grow at a cautious rate of 3.5%. However, the federal government also took some relief measures in the budget as the nation suffers from back-breaking inflation. …
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Cabinet approves 30% increase in salaries of govt officials | The Express Tribune
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[ad_1] KARACHI: According to Express News, minutes after Prime Minister Shehbaz Sharif addressed the federal cabinet and gave an impassioned speech about the impact of inflation on the masses – especially the salaried class – the cabinet approved a 30% increase in salaries of government employees. It has also proposed raising minimum wage to Rs30,000…
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17.5% increase in pension of govt employees in 2024 budget | The Express Tribune
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[ad_1] ISLAMABAD: Presenting the federal budget for Fy2023-24, Finance Minister Ishaq Dar announced a 17.5% increase in the pension of government employees. Unveiling the budget for FY24, the finance minister said “The next fiscal year’s budget will not be an election year budget. It is a fiscally responsible budget,” he said, adding as a precursor…
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Ishaq Dar opposes idea of coalition govt entering fresh IMF programme
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[ad_1] Finance Minister Ishaq Dar speaks while presenting the Pakistan Economic Survey for fiscal year 2022-23, in Islamabad on June 8, 2023. — AFP Finance Minister Ishaq Dar has opposed the idea of the incumbent government entering a fresh bailout programme and assured that he would not support the proposal if it is floated in…
