News Archives for Pakistan - 2022-06-24

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Pakistan - 2022-06-24

Business & Economy

Loan of $2.3bn from China credited into SBP account, says Miftah Ismail

SBP also confirms it has received the Chinese consortium loan
Assistance expected to lend support to dwindling foreign exchange reserves

Updated 24 Jun, 2022 08:41pm

Business & Economy

'Corporate layoffs a possibility now': Experts react to govt's imposition of 'super tax'

In a major development, the government on Friday imposed an extra one-time 10% tax called the super-tax on the...

Updated 24 Jun, 2022 07:45pm

Govt to provide engines to fishermen of Gwadar on merit: PM Shehbaz

Says a company will be responsible for the maintenance of engines

Published 24 Jun, 2022 04:19pm

'Market does not believe you': PTI slams coalition govt over super tax

Economy is nosediving and such a measure will reverse industrialisation momentum PTI generated, says party

Updated 24 Jun, 2022 05:58pm

Business & Economy

Watch: Finance Minister Miftah Ismail's entire address in National Assembly

Clarifies super tax of 4% will be applicable to all sectors.
For specified 13 sectors, another 6% will be added for a total of 10%
Their tax rates will go from 29% to 39%
This is a one-time tax aimed at curtailing previous four record budget deficits, says Miftah

Published 24 Jun, 2022 02:45pm

Business & Economy

Watch: PM Shehbaz Sharif's entire address on 10% super tax on large industries

We intend to tax high income earners so that the entire nation can reap the benefit through education, health, infrastructure, skills education and IT uplift, he says
Tax will be applicable on cement, steel, sugar, oil and gas, fertiliser, LNG, textile, banks, automobile, beverages, chemicals, tobacco and airlines
Collection from this tax will be used to alleviate poverty in Pakistan

Updated 24 Jun, 2022 02:53pm

Business & Economy

Super tax a one-time levy, will help narrow budget deficit: Miftah Ismail

Finance minister says tax applicable for FY23, announces reduction in sales tax on large shops

Updated 24 Jun, 2022 05:58pm

Business & Economy

PM Shehbaz slaps 10% 'super tax' on large-scale industries

One-time levy to be imposed on cement, steel, sugar, oil and gas, fertiliser, LNG , textile, banking, and automobile sectors among others for FY23

Updated 24 Jun, 2022 05:53pm

SBS-IBA holds conference on ‘decision-making in a disruptive age’

KARACHI: The School of Business Studies (SBS) at the Institute of Business Administration (IBA) Karachi organized ...

Published 24 Jun, 2022 08:02am

Punjab Assembly starts debate on supplementary budget

LAHORE: The Punjab Assembly session convened by Governor Punjab Muhammad Baligh-ur-Rehman at Aiwan-e-Iqbal started...

Published 24 Jun, 2022 08:02am

Conference on completion of water, drainage projects

LAHORE: A conference was organized by the Punjab Housing and Urban Development Department on the ‘completion of...

Published 24 Jun, 2022 07:39am

Mother of Dr Farooq Sattar passes away

KARACHI: The mother of former Muttahida Qaumi Movement-Pakistan (MQM-P) leader Dr Farooq Sattar passed away in...

Published 24 Jun, 2022 07:18am

World Bank team discusses Punjab projects with P&D chairman

LAHORE: The World Bank delegation headed by Christopher visited Planning and Development Board Complex and met with...

Published 24 Jun, 2022 07:18am

Pakistan dispatches relief goods to quake-hit Afghanistan

KARACHI: On the special directives of Prime Minister Shehbaz Sharif, the National Disaster Management Authority...