June 13, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Federal Minister for Finance and Revenue Muhammad Aurangzeb is delivering the budget speech for the financial year 2024-25. Read more
The federal government has decided to increase the maximum petroleum levy by Rs20 to Rs80 per unit on High-speed diesel oil (HSDO) and Motor gasoline. Read more
Almost all income tax slabs for salaried individuals have been revised, resulting in significantly higher taxation across all income levels. Read more
The FY24-25 budget has proposed barring the exit from Pakistan of individuals who do not file returns even in response to notices. Read more
The Federal government has proposed that the tax rate on dividends derived from mutual funds that earn 50% or more of their income from profit. Read more
The TIER-I retailers in the textile and leather products sector will face a higher tax slab in the upcoming fiscal year (FY25) Read more
The Federal government has proposed a 15% increase in the pension of retired employees in the FY25 budget. Read more
The Federal government has proposed to further extend the income and withholding tax exemptions for the Federally Administered Tribal Areas (FATA). Read more
Almost all income tax slabs for salaried individuals have been revised, resulting in significantly higher taxation across all income levels. Read more
The subsidies provided by the government to consumers by paying utility companies, which were previously exempt from tax, will now be subject to taxation. Read more
The government has decided to set the capital gains tax at a flat rate of 15% for filers for the sale of securities acquired on or after July 1, 2024. Read more
The government has set highest ever size of the Federal Public Sector Development Programme (PSDP) 2024-25 at Rs1.5 trillioN. Read more
The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs1.21 trillion. Read more
The government of Pakistan has acquired an additional debt of Rs364.64 billion during the week ended May 31, 2024. Read more
Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs579.71 billion WoW to Rs34.55 trillion as of May 31, 2024. Read more
The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Pakistan Investment Bond – Floating Rate (PIB-PFL) semiannual. Read more
The Pakistani rupee (PKR) depreciated by 11.07 paisa against the US dollar in Wednesday’s interbank session as the currency settled the trade at PKR 278.61. Read more
The benchmark KSE-100 index closed Wednesday’s trading session at 72,797.43 showing an increase of 207.94 points or 0.29%. Read more
The official reserve assets rose to $15.13 billion as of May 2024 compared to $15.05bn recorded in the previous month. Read more
Oil extended its upward leg on Wednesday after industry data pointed to shrinking US crude stockpiles. Read more
The World Bank (WB) has projected Pakistan’s GDP growth rate at 2.3% for the fiscal year 2024-25 against the government’s target of 3.6%. Read more
The cumulative education expenditures by the Federal and Provincial Governments in FY23 amounted to approximately 1.5% of GDP. Read more
The Pakistan Economic Report FY24, published yesterday, highlighted that life expectancy at birth in the country has increased to 67.3 years in 2022. Read more
Pakistan’s unemployment rate stands at 6.3%, with an unemployed population of 4.51 million. Read more
Pakistan-based freelancers contributed foreign exchange earnings to Pakistan’s economy through remittances of $350.2 million during July-March FY2024. Read more
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Posted on: 2024-06-13T06:00:00+05:00
