ISLAMABAD: As Pakistan seeks a multibillion-dollar bailout from the International Monetary Fund (IMF) to stabilise its chronically ailing economy, the global lender has suggested imposition of a standard individual income tax rate of up to 45% on agriculture income – something that may end the disparity in income tax regime without the need to amend…
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The federal government has decided to withdraw the recent increase in electricity prices for consumers using up to 200 units per month, in a significant relief for millions of households. This decision, driven by Prime Minister Shehbaz Sharif’s directive, is set to provide substantial financial relief to low and middle-income families across the country. The…
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In the NCR, followed by Pune, Hyderabad, and Visakhapatnam, several policies worth Rs 20 Crore have been bought by HNIs. (Representative image) More individuals are now opting for customising their coverage with suitable riders to ensure an additional layer of protection. As the awareness and demand for term insurance gain momentum, Policybazaar has observed a…
New Delhi: The Ministry of Finance has confirmed the repayment schedule for the ‘8.40 per cent Government Security (GS) 2024’, which is set to mature on July 26, 2024. According to a press release by the Ministry of Finance, given that July 27 and 28 are non-working days, the repayment will be made on July…
The Biden administration awarded $504 million on Tuesday to a dozen projects across the country in a bid to transform communities that had been overlooked in the past into technological powerhouses. The grants will fund “tech hubs” that aim to bolster the production of critical technologies in regions including western Montana, central Indiana, South Florida…
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Japanese consumer electronics giant Sony expects India to overtake home market and become the company’s third largest market globally in the next couple of years with its revenue from the country reaching Rs 10,000 crore. Sony India Managing Director Sunil Nayyar said the company clocked a revenue of Rs 6,353 crore in 2022-23 in the…
Thousands of UK bank customers have been hit by payment problems affecting some of the biggest High Street lenders. Banks including HSBC, Nationwide, Barclays and Virgin Money have all been affected by issues with a system that operates payments between individuals and firms. Many customers have complained on social media, with some saying their salaries…
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I would like to suggest a re-evaluation of the current approach to taxation, particularly concerning salaried employees. Countries around the world are focusing on attracting and retaining talent—individuals who can strategise the future of their institutions and drive success through their innovation and experience. If we burden our top talent with unfair and ever-increasing…
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With the transforming lifestyle of buyers, the luxury housing market in Delhi-NCR is booming, highlighting an upsurge in the demand for high-end living. The emergence of smart home technology and the idea of sustainable living has become the talk of the town, and are leading the trends of luxury homes. The definition of luxury is…
Bulls continued their stampede at the Pakistan Stock Exchange (PSX) on Friday as shares gained more than 1,200 points to briefly cross the 80,000 level — a day after it closed at a now-broken all-time high. The benchmark KSE-100 index gained 1238.54 points, or 1.57 per cent, to stand at 80,059.87 — a record high…
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