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Web Desk
Jun 30, 2024

Finance minister defends budget, optimistic on IMF deal

Aurangzeb stressed the need to stop tax evasion and expressed confidence that this will be the last programme with the International Monetary Fund (IMF).

Business

Web Desk
Jun 30, 2024

Fiscal year 2023-24: Pakistan Stock Exchange’s annual overview

The market saw five initial public offerings (IPOs) in FY24 compared to one in FY23. The government also raised significant funds through Sukuk auctions at PSX for the first time.

Business

Web Desk
Jun 30, 2024

Finance Bill, Budget FY2024-25 signed by the President

A signed copy of the Finance Bill has also been sent to the Parliament. The Rs 18.877 trillion budget was presented by the federal government to the National Assembly on June 28, 2024 amid opposition’s protests.

Business

Web Desk
Jun 29, 2024

Ex-SBP governor warns of Pakistan’s escalating debt crisis

Murtaza Syed, former Governor of the State Bank of Pakistan, issued a stark warning on Saturday about Pakistan’s escalating debt crisis.

Business

Web Desk
Jun 29, 2024

Master Motor, Yutong ink MoU to assemble buses in Pakistan

Master Motor Corporation and Yutong have signed a Memorandum of Understanding (MoU) to make buses in Pakistan.

Business

Web Desk
Jun 29, 2024

IMF urges Pakistan to hike tariffs, remove subsidies for economic recovery

The International Monetary Fund (IMF) has criticised Pakistan’s approval of the budget for the fiscal year 2024-25, describing it as insufficient and calling for more stringent measures.

Business

Web Desk
Jun 29, 2024

Gold prices remain unchanged in Pakistan

The gold price in Pakistan remained unchanged on Saturday, with the price per tola standing steady at Rs241,700 across the nation.

Business

Web Desk
Jun 29, 2024

Here are the new taxes imposed on builders, developers

The federal government has introduced a three per cent federal excise duty (FED) on the sale of properties, targeting builders and developers for every new project.

Business

Web Desk
Jun 29, 2024

Banks to open today & tomorrow for tax collection, closed on Monday

In a statement, the State Bank of Pakistan, informed that all the banks will keep their relevant branches open as per given schedule to facilitate tax payment.

Business

Web Desk
Jun 28, 2024

High-income individuals to face 10 per cent tax surcharge

Pakistan’s government has implemented a 10 per cent surcharge on individuals’ tax liabilities, affecting both salaried individuals and associations of persons (AOP) earning over Rs10 million annually.