Pakistani automotive industry is flooded with the new automakers. Although it has been a positive development for the industry, people are still yearning for more affordable cars in the market. According to current news, the government is considering dropping taxes on vehicles with an engine ...

LAHORE – The federal government is chewing over a proposal to roll out an amnesty scheme in the upcoming budget 2021-22 that would allow citizens to import five-year-old used cars, local media reported. Currently, citizens are allowed to import three-year-old vehicles but the new limit will be ...

The federal government will present budget 2021-22 on June 11 link with an outlay size of around Rs8,000 billion. As the total size of the economy now stands at Rs52,057 billion, the federal government is to set the economic growth target of 4.8 percent for FY22. In FY22, the government would ...

ISLAMABAD – The prices of both new imported and locally assembled cars of up to 800cc engine power are likely to come down later this year as the government is mulling over tax relaxations for the auto sector in the federal budget 2021-22 that will be unveiled this month. The government aims at ...

ISLAMABAD - The basic model of the federal budget 2021-22 has been emerged on Thursday. According to the reports, the main targets of the budget strategy will be budget relief and investment. "Balance in food prices and increase in tax revenue are also important targets of the budget." It was ...

ISLAMABAD - The total outlay of the federal budget is estimated at Rs8400, with a recommendation of upto 10 to 15 per cent increase in salaries of the government employees According to the sources, the federal budget 2021-22 having a total outlay estimated at Rs8.4 trillion will be presented ...

Federal Minister for Information and Broadcasting Fawad Chaudhry on Tuesday said Kuwait has started issuing work visas to Pakistanis after a ten-year-long suspension. In a series of tweets, Fawad Chaudhry said, Pakistan’s recovery from the coronavirus has surprised the world. The positivity ...

ISLAMABAD – Finance Minister Shaukat Tarin shot down the rumours of imposing new taxes in the upcoming budget. The newly appointed minister said the government would enhance the growth rate in the next fiscal year and going to introduce innovation in resource mobilization. Adding that we would ...

The incumbent US administration has named China as its main threat and rival, representing the greatest danger to the United States. Since the previous administration of Donald Trump, the US has exerted significant diplomatic and economic pressure on China over a range of issues, including trade ...

The Ministry of Finance has proposed an allocation of Rs900 billion for development projects in the upcoming federal budget; Rs250 billion more than the previous year. Over Rs99 billion have been earmarked for the water projects; Rs103 billion for energy projects, while Rs27 billion have been ...