Tax was abolished on non-filers on daily cash withdrawal of Rs 50,000 from banks The Pakistan Business Council has made some suggestions for the new budget, including a recommendation to impose a withholding tax on withdrawals from banks. According to FBR sources, the budget has proposed to double the advance income tax on vehicles for…
—File photo In the federal budget 2023-24, a proposal to cut more than 7 crore rupees in the development budget of the Ministry of Commerce is under consideration. According to sources, a development budget of Rs 1 billion 10 crore has been proposed for the Ministry of Commerce. It has also been proposed to keep…
—File photo Chairman Pakistan Forex Exchange Association Malik Bustan says that it is being said every day that Pakistan will default, fear God, don’t make such a fuss about default, there is no distant sign of Pakistan defaulting. Talking to the media, he has said that the dollar went between 315 and 320 rupees, credit…
—File photo The US dollar which was expensive in the interbank yesterday and cheap in the open market today has become cheaper by a few paise in the interbank at the beginning of the business. After the dollar became cheaper by 6 paise in interbank today, it became 286 rupees 50 paise. Pakistan Stock Exchange…
Vishkanya means poisonous girl or girls are often mentioned in Hindi myths and stories, especially about Chanakya, the famous advisor and minister of Chandrajit Maurya. His book “Arthashastra” is a famous scholarly book. According to traditions, when a girl is to be made a “Vish Kanya”, she is started to be poisoned little by little…
—File photo The main points of the economic review of the current financial year 2022-23 have come out. According to the document, the economic growth rate for the current fiscal year was 0.29 percent, the target of the economic growth rate for the current fiscal year was 5.01 percent. The growth rate of agriculture sector…
Quetta: Earthquake tremors have been felt in Khuzdar district of Balochistan and Masafat area. According to the seismological center, the intensity of the earthquake on the Richter scale was recorded as 4.2 while the depth was ten kilometers underground and the epicenter was 35 kilometers north of Khuzdar. According to the district administration, no loss…
Cafe: In southern Ukraine, one of the country’s main dams has collapsed, sending water into the city. Russian and Ukrainian authorities are busy evacuating citizens, launching emergency relief operations. According to international media reports, a large dam has collapsed in the city of Kherson, Ukraine, causing flooding in nearby areas. There is a risk of…
Lahore: The Federal Investigation Agency (FIA) has decided to issue a red notice against Chaudhry Pervez Elahi’s son and former federal minister Munis Elahi for money laundering. FIA Lahore has registered a case against Monis Elahi for corruption and money laundering. Bribery, and money laundering provisions have been added to the case. In the text…
Islamabad: The National Economic Council under the chairmanship of Prime Minister Shahbaz Sharif has approved the revised development budget for the financial year 2022-23. This year, the federal PSDP is 714 billion rupees, while the provincial development budget has been proposed to be 1598 billion rupees. The meeting also approved the National Development Budget for…
