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Budget to support negotiations with IMF for new programme: Moody’s
KARACHI: Moody’s Ratings, global credit rating agency said Pakistan government’s newly-announced budget for fiscal year 2024-25 would “Likely support” Islamabad’s ongoing talks with International Monetary Fund (IMF) for...
FPCCI asks SBP to bring down bps further
Karachi: FPCCI demanded to State Bank of Pakistan to bring down policy rate cut further as business, industry and trade community was expecting higher, basic point system should come down to 15 percent. Atif Ikram Sheikh President FPCCI said it is v...
PM Shehbaz announces Rs10.69/unit reduction in power for industrial sector
ISLAMABAD: Prime Minister Shehbaz Sharif announced reduction of Rs 10.69 per unit in electricity tariff for industrial sector aimed at boosting exports and industrial production. New electricity price per unit for industrial and export sector has bee...
Sindh proposes up to 30pc increase in salaries. CM Murad presents ‘balanced budget’
Karachi: Chief Minister Syed Murad Ali Shah. Also holding portfolio of finance chief presented Sindh budget for financial year 2024-25 in Assembly.Sindh Cabinet had earlier accorded approval of Rs 3-trillion plus budget for FY2024-25. “I...
Charitable, welfare hospitals to be taxed
ISLAMABAD: Government proposed to remove Sales Tax exemption under sixth schedule on supplies to charitable hospitals in Finance Bill 2024-25. According to details, Finance Bill proposed by government eliminated entry number 166 of Sixth Schedule of...
SAI lauds DG Rangers efforts curtailing water theft
KARACHI: SITE Association of Industry appreciated efforts of Director General, Pakistan Rangers Sindh to curtail freshwater theft in city in collaboration with Karachi Water and Sewerage Corporation (KWSC). In press statement, SAI President Muhammad...
Mughal Energy celebrates listing on GEM Board of PSX
Karachi: Mughal Energy Limited celebrated listing on GEM Board of Pakistan Stock Exchange (PSX). Investors and business leaders gathered to mark significant milestone in company’s history. MD PSX Farrukh H. Khan and CEO LSE Capital, Aftab Chaud...
Punjab unveils 'tax-free budget' with Rs5.4tr outlay
LAHORE: The Punjab government on Thursday unveiled a budget with a total outlay of Rs5.4 trillion, terming it a first tax-free budget of the incumbent government. Punjab Finance Minister Mujtaba Shuja-ur-Rehman presented the budgetary proposal...
Pakistan eyes Panda Bond return
ISLAMABAD: Pakistan is likely to return to international bond market as government planned to issue bonds worth $ 1 to $ 5 billion. Government would issue Panda bonds worth $ 300 million in Chinese market to mark beginning of Pakistan’s return...
Govt desires to enhance tax-to-GDP ratio to 13pc in 3 years, says Aurangzeb
ISLAMABAD: Minister for Finance and Revenue Muhammad Aurangzeb addressed concerns of stakeholders regarding budget for fiscal year 2024-25 presented before National Assembly a day ago. Addressing media persons, Aurangzeb said widening tax base was e...
