Tribune
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The power of the uncarved block and the need to be childlike | The Express Tribune
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[ad_1] PUBLISHED June 12, 2022 KARACHI: “When you discard arrogance, complexity, and a few other things that get in the way, sooner or later you will discover that simple, childlike, and mysterious secret known to those of the uncarved block:…
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Promises without a clear path | The Express Tribune
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[ad_1] PUBLISHED June 12, 2022 ISLAMABAD: This was a difficult budget to prepare, probably one of the toughest in our history. On the one hand, the economic crisis demands restoration of the IMF programme, which calls for sacrifice. On the…
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Bulls toss KSE-100 above 42,000 mark | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange maintained its bullish run and closed the week in the green zone on Friday, as investors showed optimism over the approaching budget announcement. The benchmark KSE- 100 index witnessed a lacklustre trading session but…
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Rs21b allocated to boost crop yields, livestock sector | The Express Tribune
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[ad_1] LAHORE: Most of the agriculture sector stakeholders have termed the federal government’s announcement of some key measures in the budget for 2022-23 much positive for improving the country’s dilapidated agricultural infrastructure. Federal Minister for Finance and Revenue Miftah Ismail…
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Tax increase to compound problems for auto sector | The Express Tribune
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[ad_1] KARACHI: In the budget for FY23, Finance Minister Miftah Ismail has proposed an increase in the advance tax on luxury vehicles that will leave a further negative impact on the auto sector, which is already facing an import ban…
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Tax rate for banking companies enhanced to 42% | The Express Tribune
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[ad_1] KARACHI: The PML-N led coalition government has increased the rate of taxes on commercial banks’ windfall gains (profit) after they apparently defied the directives to reduce the high interest rate on financing to the government. “The banking sector has…
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Debt mark-up to swallow Rs3.9 trillion | The Express Tribune
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[ad_1] ISLAMABAD: The mark-up on domestic and foreign debt will eat up Rs3.9 trillion out of the total current expenditure of Rs8.69 trillion in next fiscal year 2022-23. Pakistan’s interest payments on foreign and domestic debt will further increase due…
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Rs727b earmarked for development | The Express Tribune
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[ad_1] ISLAMABAD: The coalition government on Friday unveiled an election year development programme of 1,173 schemes but with allocation of only Rs727 billion, which would slow down work on the existing schemes and extend the completion period of new projects….
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Power sector to get major chunk of subsidies | The Express Tribune
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[ad_1] ISLAMABAD: The government has increased subsidy allocation to Rs699 billion in the federal budget for next fiscal year 2022-23, beginning July, of which a major chunk will go to the power sector. For the ongoing fiscal year 2021-22, the…
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Govt focusing on fiscal consolidation, relief to masses: Miftah | The Express Tribune
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[ad_1] Finance Minister Miftah Ismail on Saturday said the target of next year’s budget is fiscal consolidation and providing relief to the masses, a day after the government presented a Rs9.5 trillion inflationary budget a day earlier to meet ambitious targets. The…
