Pension reforms: Govt bans multiple pensions, limits pensions to 10 years
WEB DESK: The government has approved new pension reforms, imposing a ban on securing multiple pensions and limiting pension provision for family members to 10 years. Under the reforms, pensions will be calculated based on 70 per cent of the average salary drawn during the last 24 months of service
Finance bill 2024-25: massive taxes on international flights
WEB DESK: The National Assembly of Pakistan on Friday approved the Finance Bill 2024-25, ushering in significant changes to taxation affecting foreign travel starting July 1, 2024. Under the new legislation, travelers purchasing international flight tickets will face increased excise duties. Economy and economy plus class tickets will now incur
Kenyan protests succeed: president rejects finance bill
WEB DESK: Yielding to public protests against additional taxes in Kenya, President William Ruto has declined to sign the Finance Bill. Yesterday, protesters opposing the additional taxes in the Finance Bill attempted to enter the Parliament building, resulting in clashes with the police that left at least 23 people dead
