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As the Sindh cabinet approves the Agricultural Income Tax Bill 2025 on IMF terms, inflation would skyrocket.

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The Sindh Agricultural Income Tax Bill 2025 has been approved by the Sindh Cabinet and will take effect in January 2025. However, the livestock industry is not covered by the new tax structure.

A cabinet meeting convened by the chief minister of Sindh decided that the Sindh Revenue Board (SRB), rather than the Board of Revenue, would be in charge of collecting agricultural income tax.

A minimum farm income tax of 1% and a maximum of 10% have also been established by the government. It has also introduced penalties for those who conceal cultivated land and agreed to allow adjustments in case of natural disasters affecting agricultural production.

The chief minister of Sindh voiced his disapproval of the federal government’s strategy at the meeting, saying that Islamabad ought to have engaged Sindh before discussing economic plans with the International Monetary Fund (IMF).

It is anticipated that the agricultural tax’s introduction will affect the cost of necessities including rice, wheat, and vegetables. The Sindh Cabinet, however, defended the action on the grounds of national interest, highlighting the necessity of revenue creation and economic reforms.

The Sindh Cabinet has decided to digitalize its proceedings to reduce paperwork and expenses. During a cabinet meeting chaired by Murad Ali Shah chief minister, it was approved that a dedicated mobile application will be developed for cabinet proceedings..com

Cabinet members will receive tablets with just the agendas, minutes, and debates from meetings as part of this program.

The tablet will be sent back to the General Administration Department in the event that a minister is transferred. Sindh Cabinet allocated Rs150 million for procuring the necessary equipment.

Additionally, the cabinet has approved a government-to-government supply contract for the Solar Home System project. The contract has been awarded to NRTC (National Radio & Telecommunication Corporation).

Those earning up to Rs150 million from agriculture will be exempt from the tax.

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COAS Visits Bannu and Promises Terrorism Justice

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Syed Asim Munir, the Chief of Army Staff, traveled to Bannu after the March 4 terrorist attack on Bannu cantonment was thwarted.
COAS examined the general security situation in the region as well as ongoing security operations during the visit.
At CMH Bannu, he also spoke with wounded soldiers and praised their tenacity and commitment. Speaking to the troops, he reaffirmed the Pakistan Army’s commitment to combating terrorism and commended their prompt action in neutralizing the assailants.
In addition to expressing sympathy to the families of the civilians slain in the strike, General Munir promised that those responsible for the planning and execution would shortly face consequences.
He emphasized that such activities reveal Khwarij’s true nature as enemies of Islam and denounced the savage targeting of innocent people.
The COAS underlined that Pakistan will not permit its stability to be jeopardized and that terrorist organizations, such as Fitna al-Khawarij, continue to use foreign weapons while operating from Afghan territory.
When he arrived, Corps Commander Peshawar welcomed him.

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Ethiopia-Pakistan Relations: Ethiopian Ambassador Presents Fraternity Award to Khawaja Asif

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Khawaja Muhammad Asif, the minister of defense and aviation, received the “Ethiopia-Pakistan fraternity award” from Ethiopian Ambassador Dr. Jemal Beker.
In appreciation of Khawaja Asif’s noteworthy contributions to enhancing Pakistan-Ethiopia bilateral ties, the award was given out.
The Ethiopian Envoy, who spoke at the event, praised the Minister’s work to strengthen the two countries’ diplomatic and economic relations.
The Ethiopian Ambassador said, “Khawaja Muhammad Asif has played a pivotal role in enhancing Ethiopia-Pakistan relations.”
Additionally, he recognized the minister’s pivotal involvement in Ethiopian Airlines’ establishment in Pakistan, which has strengthened connections between the two nations.
In addition to thanking Ethiopia and its ambassador for the honor, Khawaja Asif reaffirmed Pakistan’s commitment to developing closer ties with Ethiopia.
The Ethiopian Ambassador emphasized that Pakistan and Ethiopia had better bilateral ties than before.

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Issues Affecting Pakistan’s Textile Mills Industry: The Government Is Determined To Address Textile Industry Concerns: FM

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Muhammad Aurangzeb, minister of finance, has stated that the government is firmly committed to helping the textile industry in every way possible.
He made this pledge today in Islamabad during a meeting with the All Pakistan Textile Mills Association’s leadership.
In order to guarantee the long-term sustainability and future expansion of Pakistan’s industrial sector, the Minister also reaffirmed the government’s commitment to addressing important tax, energy, and funding challenges.
He welcomed the APTMA office-bearers and gave the delegation his word that the government is committed to resolving the issues facing the textile industry since it understands how important it is to Pakistan’s economy.
Muhammad Aurangzeb underlined that resolving the fundamental issues facing the sector is essential to establishing an atmosphere that is favorable for industrial expansion, promoting economic stability, and bolstering the country’s overall growth trajectory.

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