Business
Business
No Pension Tax in Pakistan’s 2024-25 Budget After IMF Talks
Pakistan's Finance Minister Muhammad Aurangzeb successfully negotiated with the International Monetary Fund (IMF) to exclude pensions from taxation in the…
Pakistan’s Inflation Drops to Lowest Level in 30 Months at 11.8% in May
Data from the Pakistan Bureau of Statistics (PBS) showed on Monday that the consumer price index (CPI) rose 11.8% in…
Saudi Aramco Takes 40% Stake in Pakistan’s GO Retail to Expand Global Footprint
In a strategic expansion of its global retail operations, Saudi Aramco, the world's leading integrated energy and chemicals company, has…
Saudi Arabia to Offer $13.1 Billion in Aramco Shares as Part of Economic Diversification
Saudi Arabia and its financial partners will begin soliciting orders for up to $13.1 billion in shares of its oil…
Pakistan Juice Industry Suffers 40% Decline in Sales Amid 20% FED and Climate Challenges
The government's 20% Federal Excise Duty (FED) on beverages, including packaged juices, has failed, leading to no benefits due to…
Pakistan to Reprint Currency Notes Due to Spelling and Grammatical Errors
The State Bank of Pakistan has been mandated to reprint all currency notes due to significant spelling and grammatical errors…
Global Unemployment Rate Expected to Drop to 4.9% in 2024, Says ILO
The International Labor Organization (ILO) expected global unemployment to fall slightly to 4.9% this year from 5.0% in 2023, despite…
Petrol and Diesel Prices Expected to Drop by Rs6.50 to Rs7.50 per Litre on May 31
Due to a bearish trend in the international market, petrol and high-speed diesel (HSD) prices are expected to decrease by…
Government Plans Salary Increase and Pension Reforms in 2024-25 Budget
The government is considering a 10 to 15% salary increase for public sector employees in the 2024-25 budget. To secure…