Tag: government policies
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Petrol price slashed by Rs14 per litre, providing relief amidst inflation
In a significant alleviation for the populace grappling with inflation, the interim government has implemented a substantial reduction in petrol prices for the upcoming fortnight, slicing Rs14 per litre.
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IMF urges Pakistan to increase taxation on the rich and ‘protect the poor’
International Monetary Fund (IMF) Managing Director (MD) Kristalina Georgieva has urged Pakistan to increase taxation for the rich and safeguard the well-being of the less privileged. She said that these actions align with the desires of the people in Pakistan.
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Free electricity extended to President, judges, and NAB chairman, contrary to PM’s claims
Prime Minister Anwaar ul Haq Kakar’s recent statement regarding free electricity for judges in Pakistan has sparked controversy, as it appears to be at odds with existing policies and practices.
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IMF should help Pakistan uphold right to electricity, says HRW
For the past week, Pakistan has witnessed extensive protests against the recent surge in electricity prices. In several cities, these protests escalated into violence.
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FBR freezes PIA’s bank accounts for not paying Rs2.8 billion in taxes
Pakistan International Airlines (PIA), the national flag carrier, has found itself embroiled in a tax dispute as the Federal Board of Revenue (FBR) took the drastic step of freezing the airline’s bank accounts. This move comes at a critical time when the government has shifted the burden of revenue generation onto the general public, leading…
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Painful IMF compliance, but no new taxes on agriculture and real estate, clarifies Dar
Finance Minister Ishaq Dar made a resolute declaration on Thursday, assuring the public that the coalition government, despite having taken stern measures that burdened the masses, has no intentions of imposing additional taxes on the agriculture and real estate sectors.
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Transporters overcharge passengers after fresh increase in fuel prices
The recent hike in petroleum prices has been met with public outcry, with many stating that the significant increase in petrol prices has severely impacted the common man, as transporters have raised fares just ahead of Eid-ul-Fitr. This rise in oil product prices is also expected to have repercussions on the cost of daily commodities,…
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Govt expected to increase petrol price by up to Rs14 per litre for the next fortnight
Petroleum prices are expected to jump by approximately Rs10-14 per litre for the upcoming two weeks. Credible industry sources suggest that the government may contemplate increasing the prices of petroleum products in response to the increasing oil prices in the global markets. If the government considers compensating for exchange rate losses, as opposed to the…
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Rupee devaluation, GST hike forces Honda to increase car prices up to Rs1 million
Honda Atlas Cars Limited (HACL) has announced its fourth price hike in less than 90 days, citing the government’s implementation of a 25 per cent general sales tax (GST) on luxury items. This time, the automaker has raised car prices up to Rs1 million. According to a recent notification, HACL has attributed the most recent…