ISLAMABAD, Jun 14 (APP): Federal Board of Revenue (FBR) has issued a clarification on a news story published in the daily Express Tribune, in its issue dated 14th June, 2021 regarding recent budget proposals on taxation of salary income. FBR has stated that the story contains some incorrect or misleading content; therefore FBR would like… Continue reading FBR clarifies taxation of salary income in budget proposals
Category: Business
Business news from Pakistan
Tarin directs NPMC to minimize price gap between growers, retailers
ISLAMABAD, Jun 14 (APP):Federal Minister for Finance and Revenue Shaukat Tarin on Monday directed the National Price Monitoring Committee (NPMC) to adopt a comprehensive and pro active strategy to minimize the prices gap between growers and retailers. The minister was presiding over the meeting of the National Price Monitoring Committee (NPMC) here, according to press… Continue reading Tarin directs NPMC to minimize price gap between growers, retailers
Agriculture sector top priority of govt: Shaukat
ISLAMABAD, Jun 14 (APP):Federal Minister for Finance and Revenue Shaukat Tarin Monday said that development and promotion of agriculture sector was the top most priority of the government. He said this during a meeting with a representative delegation of Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) lead by Lt. General (Retired) Triq Khan, SAPM on… Continue reading Agriculture sector top priority of govt: Shaukat
Tarin hopes IMF programme to continue
ISLAMABAD, Jun 14 (APP):Federal Minister for Finance Shaukat Tarin, ruling out any disagreement between Pakistan and International Monetary Fund (IMF), on Monday said the Extended Fund Facility (EFF) programme would continue as both wanted it to move forward. “Both the Government of Pakistan and the IMF want to continue the programme,” the minister said while… Continue reading Tarin hopes IMF programme to continue
Fiscal budget 2021-22 gives relief to masses, praised by business community: Qalandar Lodhi
ABBOTTABAD, Jun 14 (APP): KP Minister for Revenue Qalandar Khan Lodhi on Monday said except for opposition political parties every Pakistani was praising the federal government fiscal budget 2021-22 which has provided a huge relief to every business sector and employees despite challenges in wake of COVID-19. While talking to the media here, the minister… Continue reading Fiscal budget 2021-22 gives relief to masses, praised by business community: Qalandar Lodhi
Foreign Currency Account Scheme
KARACHI, Jun 14 (APP): The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Monday. FOREIGN CURRENCY ACCOUNTS SCHEME BBA BID MAXIMUM RATES R A T E S FOR PAYMENT OF WITH INTEREST BY VALUE DATE AUTHORIZED DEALERS U.S. DOLLARS VALUE 14-06-21 For 3 months and over… Continue reading Foreign Currency Account Scheme
Foreign exchange rates
KARACHI, Jun 14 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Monday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR 0.1483 14.06.2021 CONVERSION RATES FOR 14TH JUNE 2021… Continue reading Foreign exchange rates
Russia allows import of Pakistani rice from June11: Razak Dawood
ISLAMABAD, Jun 13 (APP): Advisor to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Sunday informed that Russia has allowed import of Pakistan’s rice from June11. Initially four firms have been allowed and more would be granted permission after virtual inspection by Russian authorities who would be coordinated by DPP, the Advisor for… Continue reading Russia allows import of Pakistani rice from June11: Razak Dawood
Govt. sets exports target of US $ 35 bln for FY 2021-22: Razak Dawood
ISLAMABAD, Jun 12 (APP): Advisor to the Prime Minister for Commerce and Investment Abdul Razaq Dawood on Saturday said the government had set the exports target of US $ 35 billion for upcoming Fiscal Year 2021-22. In current FY 2020-21, “We expect exports of US $ 30 billion, including US $25 billion exports in goods… Continue reading Govt. sets exports target of US $ 35 bln for FY 2021-22: Razak Dawood
Inclusive growth-oriented budget: poor no more to wait for trickle-down effect, says Tarin
ISLAMABAD, Jun 12 (APP): Federal Minister for Finance and Revenue Shaukat Tarin Saturday said the main focus of the inclusive growth-oriented federal budget for the fiscal year 2021-22 was to uplift the poor so that they would not have to wait for trickle-down effect of economic progress. The low-income people had been waiting for that… Continue reading Inclusive growth-oriented budget: poor no more to wait for trickle-down effect, says Tarin
Govt to introduce cash prize scheme for shoppers
ISLAMABAD, Jun 12 (APP): Minister for Finance and Revenue Shaukat Tarin Saturday said the government had decided to introduce a cash prize scheme worth of Rs 250 million per month for the common consumers or shoppers, urging them to ensure receiving of authentic receipt from the shopkeepers. It would ultimately help stop tax evasion and… Continue reading Govt to introduce cash prize scheme for shoppers
Govt to provide interest free loans to farmers, particularly small scale growers: Tarin
ISLAMABAD, Jun 12 (APP): Minister for Finance, Shaukat Fayyaz Ahmed Tarin on Saturday said the government was keen to develop agriculture sector on modern lines to enhance per-acre output of all major and minor crops which would help curtail increasing trend of food prices in the country. Addressing the post budget press conference here, Tarin… Continue reading Govt to provide interest free loans to farmers, particularly small scale growers: Tarin
People of Sindh hailed federal budget 2021-22
SUKKUR, Jun 12 (APP): People belonging to various walks of life have hailed the federal budget for fiscal year 2021-22. Talking to APP here on Saturday, PML-Functional Finance Secretary Sindh Syed Shafqat Shah said the government had announced a business-friendly budget despite economic crunch and a number of challenges on different fronts. It was a balanced… Continue reading People of Sindh hailed federal budget 2021-22
Inclusive growth-oriented budget: poor no more to wait for trickle-down effect, says Tarin
ISLAMABAD, Jun 12 (APP):Federal Minister for Finance and Revenue Shaukat Tarin Saturday said the main focus of the inclusive growth-oriented federal budget for the fiscal year 2021-22 was to uplift the poor so that they would not have to wait for trickle-down effect of economic progress. The low-income people had been waiting for that for… Continue reading Inclusive growth-oriented budget: poor no more to wait for trickle-down effect, says Tarin
Wait for trickle-down effect ends, budget focuses on inclusive growth: Tarin
ISLAMABAD, Jun 12 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin said here Saturday that the main focus of the inclusive growth-oriented federal budget for the fiscal year 2021-22 was to uplift the poor so that they would not have to wait for trickledown effect of economic progress. For the past seventy four years,… Continue reading Wait for trickle-down effect ends, budget focuses on inclusive growth: Tarin
Govt. allocates over Rs12,017 million in PSDP 2021-22 for agri sector
ISLAMABAD, Jun 11 (APP):The government has allocated an amount of Rs12,017.280 million in its Public Sector Development Programme (PSDP) 2021-22 for uplift and development of agriculture and livestock sectors in the country. The hefty sum was allocated for the completion of 27 ongoing and eight new schemes during upcoming fiscal year to promote and develop… Continue reading Govt. allocates over Rs12,017 million in PSDP 2021-22 for agri sector
Budget 2021-22; CPEC SEZ enterprises to be exempted from minimum tax
ISLAMABAD, Jun 11 (APP): The enterprises of the Special Economic Zones (SEZs) being built under the China Pakistan Economic Corridor (CPEC) are proposed to be exempted from the minimum tax for the year of 2021-22 and onwards. The minister for finance and revenue Shaukat Tarin in his budget speech here on Friday said the SEZs… Continue reading Budget 2021-22; CPEC SEZ enterprises to be exempted from minimum tax
Highest growth of 25% recorded in remittances
ISLAMABAD, Jun 11 (APP): Finance Minister Shoukat Tarin on Friday said that the country recorded highest ever growth of 25 percent in remittances and $ 29 billion. Presenting the budget in National Assembly, the Finance Minister said that the exceptional growth in workers’ remittances, which were poised to achieve the highest ever growth, was single… Continue reading Highest growth of 25% recorded in remittances
Salient features Income Tax measures, reliefs
ISLAMABAD, Jun 11 (APP): Following are the salient features of Income Tax measure and reliefs proposed by the government for FY 2021-22 -Special regime for export of services at par with export of goods to be taxed @ 1% under final tax regime. -Elimination of block taxation of property income and shift to normal tax… Continue reading Salient features Income Tax measures, reliefs
Govt allocates Rs 21.72 billion for health sector projects
ISLAMABAD, Jun 11 (APP): The government has allocated an amount of Rs 21.72 billion for 20 ongoing and 26 new projects in the health sector under Public Sector Development Programme 2021-22. According to the budget document, out of the total allocated amount, an amount of Rs 13.07 billion has been allocated for out-going projects while… Continue reading Govt allocates Rs 21.72 billion for health sector projects
- Manshera Police crack down on mobile phone IMEI changing and theft ring
- Rain likely at various parts of country: PMD
- IRSA releases 113,600 cusecs water
- At 26th WEC, envoy highlights Pakistan’s viewpoint on climate change strategy
- ICT admin conducts operation against encroachments, illegal activities
