Islamabad, May 12, 2024 : Pakistan Government to Likely Eliminate Tax Exemptions in FY2024-25 Budget at IMF’s Request. Budget proposals for FY2024-25 suggest Pakistan’s plan to gradually remove exemptions on sales and income tax. Additionally, the government is contemplating levying sales tax on tractors and pesticides, which could result in increased prices for these crucial…
Lahore, May 12, 2024 : Finance Minister Muhammad Aurangzeb announced on Sunday that the IMF team has arrived in Pakistan, with talks for a new loan program set to commence on Monday. Speaking at a pre-budget seminar, the finance minister emphasized the crucial role of the private sector in navigating the country through challenging times….
Islamabad, May 12, 2024 : Following the February 8th general election, the International Monetary Fund (IMF) has voiced concerns regarding the persistent political uncertainty in Pakistan. In its latest report on Pakistan’s political landscape, the IMF expressed worry about the continued political uncertainty in the country. Despite the formation of a coalition government by the…
Karachi, May 12, 2024 : Next month, the European Air Safety Committee is expected to approve the renewal of PIA and Vision Air flights’ Third Country Operators’ Permits. In a recent update, the European Commission and the European Aviation Safety Agency (EASA) have referred the decision regarding the flight ban of Pakistan International Airlines (PIA)…
Karachi, May 11, 2024 : Pakistan International Airlines (PIA) initiated its Hajj flight operations from Karachi on Saturday. As per the PIA spokesperson, the Chief Operating Officer of the national flag-carrier bid farewell to the inaugural Hajj flight departing for Madina from Karachi at 3:30 am. The spokesperson further mentioned that the airline is facilitating…