Tag: budget
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Bilawal to meet PM Shehbaz today as budget reservations loom
Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari will meet Prime Minister (PM) Shehbaz Sharif today to discuss his party’s reservations about the federal budget for 2024-2025. The National Assembly (NA) is holding a budget session today after Eid break. The Bilawal-led party has criticized Shehbaz’s government for taking all decisions about the presented federal…
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Tax dou, phir baahir jao: no vacation abroad if you don’t pay your taxes
Pakistan’s budget for 2024-25 was presented on Wednesday by Finance Minister Muhammad Aurangzeb. With a heavy bailout IMF bailout package weighing on the government, increased taxes have been imposed. The Federal Board of Revenue (FBR) has asserted strict actions against non-filers including disallowing foreign travel, No vacation abroad if you don’t pay your taxes. While…
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Government officials likely to get a raise in upcoming budget 2024-2025
The federal government is currently considering salary increases for government employees in the range of 10 percent to 15 percent in the upcoming budget for 2024-2025, Geo News reported. The government intends to increase revenue generation to strike a successful deal with the International Monetary Fund (IMF) under Extended Fund Facility (EFF) at a range…
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Shaandar renovation? Government approves more than Rs16 crore for renovating Shehbaz’s office
The government on May 7 approved a supplementary budget worth Rs147 billion for various expenses including more than Rs36 crore for renovating the Prime Minister Office and expenses for the employees of the Karachi Shipyard and Engineering Corporation. The Economic Coordination Committee (ECC) approved a budget of Rs162.5 million for renovating the PM’s Office, the…
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No pictures of Mohsin Naqvi with promotion of flyovers, underpasses allowed: Lahore Court
The Punjab government provided assurances to the Lahore High Court on Wednesday, that the image of the caretaker chief minister of Punjab, Mohsin Naqvi, would not be utilized in advertisement campaigns promoting development projects. Justice Sultan Tanvir Ahmad presided over the proceedings, which involved a petition challenging the promotion of the caretaker CM in ads…
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Awam ka kitna paisa laga hai Mohsin Naqvi ki publicity par?
The Lahore High Court on Monday expressed concerns about the utilization of public funds in advertisement campaigns showcasing caretaker Chief Minister Mohsin Naqvi for various development projects. Justice Sultan Tanvir Ahmad, while presiding over the case, voiced concerns that taxes collected from the public should be spent judiciously and not misused for self-promotion. A citizen,…
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Punjab govt approves Rs2.07 trillion budget for four months
In a significant development, the Caretaker Punjab Cabinet, under the leadership of Chief Minister Mohsin Naqvi, convened for its 31st session at the Chief Minister’s Secretariat on Monday.
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‘Tax rate Australia walay aur facilities Afghanistan wali’, Twitter is angry over income tax increase
On Friday, Minister of Finance Ishaq Dar announced fiscal adjustments for the upcoming fiscal year (FY24), part of which is a notable 2.5% additional income tax individuals within the salaried class who earn a monthly income exceeding Rs200,000. The present government is being criticised for adjustments that will increase the tax burden specifically on the…
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PM Shehbaz urges IMF to release stalled funds, assures compliance with conditions
On Thursday, Prime Minister (PM) Shehbaz Sharif had a meeting with Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), where he urged the lender to release the stalled funds for Pakistan. He assured the IMF of Pakistan’s compliance with all the conditions set by the lender.
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IMF’s disapproval of budget raises odds of default and economic fallout for Pakistan
In a recent report, the International Monetary Fund (IMF) expressed criticism of Pakistan’s latest budget, increasing the likelihood that the lender may withhold the much-needed aid before the bailout programme concludes at the end of June. According to Bloomberg, this development could lead to a severe dollar shortage in the first half of the upcoming…