govt
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Govt may amend law to bring in dollars | The Express Tribune
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[ad_1] ISLAMABAD: The government is considering allowing people to bring in up to $100,000 from abroad without disclosing the source of income in a move that it hopes can fetch billions of dollars in the next fiscal year. However, this move can create some troubles. Sources told The Express Tribune that the government is considering…
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Govt mulls taxing bonus shares, undistributed profits | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) has recommended the imposition of a 5% tax on bonus shares issued by companies and on their undistributed profits in the next budget. This proposal would primarily affect family-owned companies but would benefit minority shareholders. Sources told The Express Tribune that the FBR is contemplating the reinstatement…
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Gwadar declared tax-free zone by Balochistan govt | The Express Tribune
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[ad_1] QUETTA: The Balochistan provincial government has officially declared Gwadar as a tax-free zone, urging federal authorities to grant the region a similar economic status, Express News reported. According to the provincial government, Gwadar will now be exempt from services and excise tax, and any tax on property transfers, a significant development for the district…
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Govt prioritises national development with Rs1,100bn budget
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[ad_1] The federal government has approved a development budget of Rs1,100 billion for the fiscal year 2023-24, with Rs950 billion allocated for the Public Sector Development Programme (PSDP) and Rs150 billion for public-private partnership, announced Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Friday. The increase in budget size reflects the government’s priority…
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Govt committed to provide ‘maximum relief’ to public in budget 2023-24
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[ad_1] Prime Minister Shehbaz Sharif addresses a meeting on March 15, 2023. — Radio Pakistan In a bid to mitigate the suffering of the public amid skyrocketing inflation, Prime Minister Shehbaz Sharif on Tuesday directed his economic team to provide “maximum relief” to the common man in the budget 2023-24. The premier — while chairing…
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Govt to pass on petrol price cut benefit to people
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[ad_1] Prime Minister Shehbaz Sharif chairs a meeting of the federal cabinet on May 19, 2023. — PID The federal government on Friday decided to pass on the benefit of recent reduction in the prices of petroleum products to the masses in the form of decreased transport fares and prices of essential items. The decision…
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Pakistan govt decides to suspend online cryptocurrency services
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[ad_1] In this file photo taken on January 27, 2020 a physical imitation of a Bitcoin is seen in Dortmund, western Germany, on January 27, 2020. — AFP In order to prevent illegal digital currency transactions as per the guidelines of the global anti-terror financing watchdog, the Pakistani government revealed on Wednesday that it has…
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Govt cuts petrol price for next fortnight
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[ad_1] An employer of a petrol pump fills the fuel tank of a bike in Karachi, on March 17, 2023. — The News ISLAMABAD: The federal government Monday announced decreasing the price of petrol by Rs12 per litre to Rs272 per litre after a fall in the international oil rate. In a televised address, Minister for…
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Govt plans to borrow Rs9.4tr in three months | The Express Tribune
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[ad_1] KARACHI: The cash-strapped government of Pakistan has announced that it will borrow a record Rs9.44 trillion from domestic commercial and Shariah-compliant banks, an amount needed to repay some of the maturing debt and finance expenditures over three months ending July 2023. According to the State Bank of Pakistan’s (SBP) data, the government will acquire…
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Govt to hold investment conference in Scotland | The Express Tribune
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[ad_1] LONDON: Prime Minister Shehbaz Sharif said on Sunday that an investment conference would be convened to enhance cooperation between Pakistan and Scotland in diverse fields, including trade, investment, education, water management, wind, and solar technology. Talking to the media after a meeting with Scottish First Minister Humza Yousaf in London, Shehbaz said that he…
