Islamabad: The federal government has decided in principle to set the target of tax collections at 9200 billion rupees and non-tax revenue at 2800 billion rupees in the federal budget of the upcoming fiscal year 2023-24. According to the sources, to meet the target of tax collection in the budget, new taxes of two hundred…
Iconic photo The State Bank of Pakistan (SBP) says that domestic foreign exchange reserves decreased by 178.2 million dollars. According to the Central Bank, the country’s foreign exchange reserves stood at $9.33 billion for the week ending June 2. Reserves of State Bank decreased by 178.5 million dollars to 3 billion 91 million dollars. On…
Lahore: The Muslim League (N) welcomed the formation of Jahangir Tareen’s new political party, the Stability Pakistan Party, and signaled an electoral alliance. On Jahangir Tareen’s announcement, Prime Minister’s Special Assistant and League leader Atta Tarar said that we have good relations with Jahangir Tareen and almost everyone who joined him and Aoon Chaudhry are…
— Photo: APP Islamabad: Pakistan and Turkmenistan have signed a joint project to implement the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. According to the national news agency ‘APP’, Prime Minister Shahbaz Sharif and the delegation of Turkmenistan led by the Minister of Energy and Water Resources participated in the ceremony in Islamabad. Minister of State for…
All Pakistan Textile Mills Association (APTAMA) demanded to continue concessional rates of electricity and gas in the budget. In a letter written to Prime Minister Shehbaz Sharif, Aptma said that the competitive rates of electricity and gas are ending on June 30, competitive rates of electricity and gas should be continued in the next financial…
The Oil and Gas Regulatory Authority (OGRA) has said that liquefied natural gas (LNG) became cheaper for June. According to Ogra, LNG for June has been priced at $0.71 per mmbtu. LNG on the Sui Northern system has been discounted by $0.68 per mmbtu, while LNG on the Sui Southern system has been discounted by…
Russia and Oman have signed an agreement to avoid double taxation. This was stated by the Ministry of Finance of Russia. Russian Deputy Minister of Finance Alexey Sazanov said that in 2022, the trade volume between the two countries will increase by 46%. He said that it is important to increase trade profits and strengthen…
bill to: As a result of an explosion in a mosque in Badakhshan province of Afghanistan, 15 people were killed and 50 were injured. At least 15 people were killed in an explosion near a mosque in northern Afghanistan at a memorial service for a Taliban provincial deputy governor, officials said. Abdul Nafi Thakur, appointed…
Karachi: Official foreign exchange reserves fell below the $4 billion level. According to the State Bank, the value of the government’s foreign exchange reserves decreased to less than 4 billion dollars due to continued pressure to repay foreign debts. In the week ended June 2, government reserves fell by $179 million to $3.912 billion. According…
The government has released data on unemployment in the country from 2017-18 to 2020-21. According to the Economic Survey Report 2022-23, the unemployment rate in the country decreased to 6.3% in 2020-21. According to the Economic Survey 2018-19, the unemployment rate was 6.9 percent, compared to 5.8 percent in 2017-18. In the economic survey report,…
