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Budget 2024–25: Pakistani laptop prices will rise

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7 months ago

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Tax increases on desktops, laptops, and other electronic devices are part of broader measures to increase government coffers.

Laptops and desktops will probably cost more due to the sales tax hike.

And federal minister of finance and revenue Senator Muhammad Aurangzeb announced’significant’ relief for government employees, raising their salaries by much to 25%.

The minister of finance announced a 25% salary rise for personnel in grades 1–16 and a 20% increase for grades 17–22 as part of the government’s proposed budget for fiscal year 2024–25 during its presentation to the National Assembly hall.

The minister of finance also recommended a 15% hike to pensions for the elderly in the 2018 budget. A worker’s minimum monthly wage is now 37,000 rupees, up from 32,000 yesterday.

Muhammad Aurangzaib stated that the government has recognized the issues experienced by its employees and is trying to resolve them, even though there are budgetary difficulties.

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Current gold price in Pakistan: January 20, 2025

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On Monday, gold prices in Pakistan experienced a notable rise due to a favorable change in worldwide markets.

The price of gold per tola increased by Rs500, attaining Rs282,900.The increase followed a decrease in gold prices during the prior session, where the price had dropped by Rs200 to conclude at Rs282,400 on Saturday.

On Monday, the price of 10 grams of gold increased by Rs429, reaching Rs242,541.

The increase in local gold prices reflected the favorable trend in the worldwide market, where the price of gold per ounce reached $2,708, plus an additional premium of $20. This was a $5 rise inside a single day.

Conversely, silver prices declined, with the price per tola decreasing by Rs9 to reach Rs3,372.

Analysts ascribe the rise in gold prices to variations in global demand, as investors seek refuge in precious metals amid economic concerns. As global markets exhibit ongoing volatility, analysts anticipate additional swings in the values of gold and silver in the forthcoming weeks.

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Business

After gaining almost 900 points, the KSE-100 has surpassed the 116,000 mark, indicating a bullish trend.

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The KSE-100 index advances by more than 900 points, reaching a new high of more than 116,200. This indicates that the Pakistan Stock Exchange is experiencing a bullish trend at the beginning of business.

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SBP’s Monetary Policy Committee is scheduled to meet on January 27 in order to make a decision regarding monetary policy.

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For the purpose of making decisions regarding the monetary policy, the monetary policy committee of the State Bank of Pakistan will convene on January 27.

At a press conference that will take place on the same day as the meeting, Governor Jameel Ahmad of the State Bank of Pakistan will formally announce the decision about the monetary policy.

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