In a significant development, the Finance Committee has approved a salary increase for Members of the National Assembly (MNAs) and Senators, raising their monthly pay to Rs519,000. This hike will officially take effect from January 1, 2025.
Tag: Tax
Pakistan’s IT Exports Surge to $3.22 Billion: A Major Boost for the Economy
Pakistan’s Information Technology (IT) industry has achieved a significant milestone, with exports surpassing $3.22 billion in the fiscal year 2023-24, marking a remarkable increase
Oil prices near two-week low amid weak Chinese data and warmer weather forecasts.
Oil prices remained close to a two-week low on Tuesday due to weaker-than-expected economic data from China and warmer weather forecasts, which dampened the demand […]
Pakistan’s 2026-2035 Economic Goals: World Bank’s $20 Billion Support Plan
The World Bank has unveiled an ambitious plan to support Pakistan’s socio-economic growth from 2026 to 2035 with a massive $20 billion funding initiative. This plan sets transformative goals
Senate Committee Halts FBR’s Controversial Vehicle Purchase: Transparency Concerns Raised
The Senate Standing Committee on Finance, led by Chairman Saleem Mandviwala, has taken a firm stand against the Federal Board of Revenue’s (FBR) controversial decision to procure
Khazanah nasional rebalances portfolio amid global market shifts.
Malaysia’s sovereign wealth fund, Khazanah Nasional Bhd, is rebalancing its portfolio to increase investments in developed markets, aiming to navigate risks associated with the new […]
Pakistan’s Green Revolution: EV Policy Paves the Way for a Sustainable Future
The implementation of Pakistan’s Electric Vehicle (EV) policy, in collaboration with the Special Investment Facilitation Council (SIFC), has marked a transformative step towards eco-friendly transportation
Pakistan-Azerbaijan Transit Trade Agreement 2024: Key Rules and Updates
The Federal Board of Revenue (FBR) has officially issued a significant notification under the Azerbaijan-Pakistan Transit Trade Agreement 2024 and the Transit Trade Rules 2024
Empowering Pakistan’s Economy: PM Shehbaz Sharif Boosts SME Development with Increased Loan Limit
In a significant step toward bolstering Pakistan’s economic framework, Prime Minister Shehbaz Sharif chaired a meeting focused on the development and facilitation of small and medium-sized enterprises (SMEs)