FM Aurangzeb urges unity to drive tax-to-GDP growth across sectors
WEB DESK: Finance Minister Muhammad Aurangzeb has called for a collective effort to raise Pakistan’s tax-to-GDP ratio, stressing that all economic sectors must contribute while acknowledging that the salaried class has reached its limit. Speaking to the business community, the minister outlined a vision for fiscal transformation, highlighting strict enforcement
KP sends another letter to federal govt for PIA acquisition
The Khyber Pakhtunkhwa government has written another letter to the government to participate in the privatisation bid of Pakistan International Airlines (PIA). The Khyber Pakhtunkhwa Investment Board has sent a second letter to Privatisation Minister Abdul Aleem Khan, stating that 10 days have passed since the first letter, but no
Govt suspends teachers for opposing privatisation of schools
The Punjab Department of Education has suspended the presidents and secretaries of the Punjab Teachers Union and the Educators Association, intensifying the ongoing conflict over the government’s privatization plans for schools. Show-cause notices have been issued to key leaders of both associations, with legal proceedings initiated against prominent figures including
Major companies including Chinese, bids for PIA
As the government, led by Prime Minister Shehbaz Sharif, advances its privatisation agenda, numerous firms, including some from China, have submitted Statements of Qualifications (SoQs) to acquire majority shares of Pakistan International Airlines (PIA), according to The News. The government has received SoQs from Fly Jinnah, Air Blue Limited, Arif
IMF recommends Pakistan to increase GST to 18 pc
WEB DESK: The International Monetary Fund (IMF) has proposed that Pakistan elevate its general sales tax (GST) to 18 per cent, as disclosed in recent discussions between the IMF delegation and Pakistani authorities regarding a potential new loan arrangement. During four extensive rounds of talks, the IMF mission expressed concerns
