Trends - Budget 2024 25 - Business Recorder

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Salaried class: Higher income tax rate of up to 35pc imposed

New income tax slabs for salaried class to be applicable from tax year 2024 effective for salary payable on or after July 1 2024

Updated 17 Jun, 2024 02:33pm

Business & Finance

SINDH FINANCE BILL 2024—II/COMMENTS & NEWS

(iii) in clause (jj),——— (a) for the word “thirteen”, the word “fifteen” shall be substituted; and...

Published 17 Jun, 2024 05:30am

Business & Finance

Infant formula, fortified children’s milk powders: Govt’s decision to withdraw zero-rating benefits criticized

LAHORE: Local industrial sector specializing in infant formula and fortified children’s milk powders has voiced...

Published 17 Jun, 2024 05:30am

Business & Finance

Analyst says salaried class overburdened

KARACHI: Ateequr Rehman, economic & financial analyst, said that the salaried class is overburdened with ...

Published 17 Jun, 2024 05:30am

Business & Finance

Export sector rejects removal from FTR

KARACHI: Export sector has categorically rejected budget proposals, particularly removal of exporters from fixed tax...

Published 17 Jun, 2024 05:30am

Business & Finance

FPCCI seeks PM’s intervention to save exporters’ interests

KARACHI: Atif Ikram Sheikh President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has conveyed...

Published 17 Jun, 2024 05:30am

Editorials

Reinventing the wheel

EDITORIAL: If only the government did half as much work on tax reforms as private institutions do, we would not have...

Published 17 Jun, 2024 05:30am

Business & Finance

KTBA assails FY25 federal budget

KARACHI: The federal budget 2024-25 came under heavy criticism at a seminar hosted by the Karachi Tax Bar ...

Published 16 Jun, 2024 02:40am

Business & Finance

Fata, Pata: PALSP hails reduction in tax exemptions thru FY25 budget

ISLAMABAD: The measures taken by the government in budget 2024-25, especially gradual reduction in tax exemptions...

Published 16 Jun, 2024 02:40am

Business & Finance

PALSP greets govt steps to revive steel industry

ISLAMABAD: The measures taken by the government in budget 2024-25 especially gradual reduction in tax exemptions...

Published 16 Jun, 2024 02:40am

Pakistan

Sindh budget: Education gets Rs454bn

KARACHI: Budgetary provision for education sector in Sindh has been proposed to be Rs. 454 billion for the year...

Published 15 Jun, 2024 06:57am

Pakistan

JUI-F lashes out at federal govt for ‘ignoring’ people in budget

ISLAMABAD: Jamiat Ulema-e-Islam Fazal (JUI-F) Senator Atta Ur Rehman has said that the new federal budget is ...

Published 15 Jun, 2024 06:57am

Opinion

Budget FY25: a sure recipe for stagflation?

The Federal Budget 2024-2025, in our opinion, is a simple recipe for stagflation: persistent high inflation combined...

Updated 15 Jun, 2024 07:26am

Opinion

‘A stagflationary federal budget’

This is apropos an op-ed “A stagflationary federal budget” carried by the newspaper yesterday. The writer, Dr...

Published 15 Jun, 2024 06:57am

Opinion

The issue of trust deficit

Amidst protests by the opposition, Finance Minister Muhammad Aurangzeb rolled out with relative calm the national...

Updated 15 Jun, 2024 07:20am

Print

FBR chief issues warning to businesses refusing credit, debit cards payments

Says sealing of business premises would be based on three daily complaints or five weekly complaints from customers

Updated 15 Jun, 2024 06:54pm

Print

Rs3trn Sindh budget envisages Rs77bn new taxes

KARACHI: Chief Minister Sindh Syed Murad Ali Shah on Friday announced a budget of Rs3.056 trillion for the fiscal...

Updated 15 Jun, 2024 02:22pm

Print

Rs300bn tagged for healthcare sector

KARACHI: Sindh government has earmarked Rs. 300 billion for health sector against Rs. 227.8 billion last year with...

Updated 15 Jun, 2024 02:24pm

Print

Sindh earmarks Rs959bn for development expenditures

KARACHI: The Sindh government has earmarked a huge amount of Rs 959 billion for the development expenditures during...

Updated 15 Jun, 2024 04:17pm

Print

Rs8bn tagged for ‘Haari cards’

KARACHI: The Sindh government has allocated Rs 8 billion in the next fiscal year budget for “Haari Card” to provide...

Updated 15 Jun, 2024 08:49am

Print

Moody’s points out weak debt affordability

ISLAMABAD: The government spends more than half of its revenue on interest payments, indicating very weak debt...

Published 15 Jun, 2024 06:57am

Business & Finance

KATI president highlights ‘lack’ of facilities, incentives for industrial sector in budget

KARACHI: The President of the Korangi Association of Trade and Industry (KATI), Johar Qandhari, has voiced strong...

Published 15 Jun, 2024 06:57am

Pakistan

Punjab proposes Rs9bn for livestock, dairy development projects

LAHORE: The Punjab government has proposed a sum of over Rs 9 billion for livestock and dairy development projects...

Published 15 Jun, 2024 06:57am

Pakistan

PDP leader says federal budget won’t help improve economy

KARACHI: This budget like the previous ones is also dictated by the International Monetary Fund (IMF) and it would ...

Published 15 Jun, 2024 06:57am

Business & Finance

FY2023-24: Punjab Pension Fund likely to earn net return of Rs31bn

LAHORE: The Punjab Pension Fund (PPF) is expected to earn a net return of Rs31 billion in FY 2023-24, and the assets...

Published 15 Jun, 2024 06:57am

Business & Finance

Finance Bill: New steps to trigger mass exodus of foreign investment: Telecom industry

ISLAMABAD: Telecom industry has warned the government that new measures proposed in the finance bill would trigger a...

Published 15 Jun, 2024 06:57am

Pakistan

FY25: Sindh govt proposes up to 30% increase in salaries as CM Murad presents ‘balanced budget’

Chief minister, who also holds portfolio of finance, unveils Rs3.056 trillion budget for coming fiscal year
One-third of total budget pitched for development expenditure

Updated 14 Jun, 2024 10:58pm

Markets

KSE-100 settles at new record high as bulls continue to dominate

Benchmark index settles at 76,706.77 after gain of 499 points

Updated 14 Jun, 2024 06:43pm

Pakistan

Pakistan’s budget to support negotiations with IMF for new programme: Moody’s

Says government spends more than half its revenue on interest payments, indicating very weak debt affordability which drives high debt sustainability risks

Updated 14 Jun, 2024 07:40pm

BR Research

Localization of solar PV

The Federal Budget 2024-25 was much of a non-event for the power sector highlighted by the same repetitive...

Published 14 Jun, 2024 08:07am