Agriculture sector grew by 0.56% in FY 2024-25:Economic Survey
The Important crops during the period under review declined by 13.49 per cent due to reduced cultivation area and adverse weather conditions, significantly affecting cotton (-30.7%), wheat (-8.9%), sugarcane (-3.9%), maize (-15.4%), and rice (-1.4%).
Editor
Single digit tax to GDP ratio not sustainable: Finance Minister
Reiterating the pressing need for reforms and broadening of tax base, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb asserted that below 10 percent tax to GDP ratio was not sustainable.
Adil Aziz
Aurangzeb announces up to 25% increase in salaries, 15% in pensions of employees
Minister for Finance and Revenue Senator Mohammad Aurangzeb proposed 20-25 percent increase in the salaries on ad-hoc basis and 15 percent enhancement in the pensions of the Federal Government employees, realizing their financial hardships due to the increased inflation.
Govt to introduce three slabs of rates on filers/non-filers
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb while presenting the federal budget 2024-25, said currently six percent tax is imposed on non-filers and three percent on filers for buying immovable properties.
Mehfooz
Federal budget proposes withdrawal of exemptions, Zero rated and fixed tax
Federal budget proposes withdrawal of exemptions, Zero rated and fixed tax. Enhancement in reduced rate of sales tax from 15% to 18% on supplies made by the POS retailers dealing in leather and textile products.
Govt to present over Rs.18 trillion national budget today
The incumbent government is all set to present its first growth-oriented federal budget for the fiscal year 2024-25, with an estimated outlay of over Rs.18 trillion, on June 12.