RAWALPINDI/ PESHAWAR/ ISLAMABAD: Traders in all major urban centres of the country staged protests against the government’s decision to increase taxes and electricity prices in the upcoming fiscal year. In Islamabad, traders, responding to a call by the All Pakistan Anjuman-e-Tajiran, staged a major protest at Aabpara Chowk, blocking the main road. Heavy police presence was deployed to disperse the …
ISLAMABAD: Pakistan’s former Prime Minister Shahid Khaqan Abbasi has criticised the tax exemption granted to civilian bureucrats and military personnel in the latest budget announced the the government. Addressing a press conference in Islamabad on Monday, the former premier, flanked by fellow Awam Pakistan party member Miftah Ismail, criticised Pakistan’s latest budget, labeling it as the worst in the country’s …
ISLAMABAD: Jamaat-i-Islami (JI) emir Hafiz Naeemur Rehman on Monday announced a protest in Islamabad for July 12 against “high taxes and exorbitant electricity tariff”. The JI announced its Haq Do Awam Ko (give rights to the masses) movement in a post on social media platform X, adding that Rehman would lead the rally. President Asif Ali Zardari assented to the government’s tax-heavy Finance Bill …
ISLAMABAD: The PML-N-led coalition government began the new fiscal year (2024-25) with an increase in petrol and high-speed diesel prices by Rs7.45 and Rs9.56 per litre, respectively, for the next fortnight. In a late-night announcement, the Ministry of Finance said prices of petroleum products have seen an increasing trend in the international market during the last fortnight. The Oil and Gas Regulatory …
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Sunday expressed confidence that Pakistan would secure an extended loan programme with the International Monetary Fund (IMF), adding that agreements with the Fund can contribute to macroeconomic stability. Addressing a press conference in Islamabad at the end of the fiscal year 2023-24, the finance minister stressed his and Prime Minister Shehbaz Sharif’s hopes that …
ISLAMABAD: President Asif Ali Zardari on Sunday gave assent to the government’s tax-heavy Finance Bill 2024 for the new fiscal year. The government had presented the budget two weeks ago, drawing sharp criticism from opposition parties, especially the PTI, as well as coalition ally PPP. Finance Minister Muhammad Aurangzeb had moved the finance bill in parliament, which had been opened to seek …