Latest News

Punjab to see “revised” stamp duty rates

Published

6 months ago

Farwa

According to sources, an increase in stamp duties is expected to bring in an additional Rs4.21 billion for the Punjab government each year.

According to sources, the revenue department wants to raise the charge of an affidavit from Rs. 100 to Rs. 300. Additionally, it suggests raising the stamp duty from Rs. 1,200 to Rs. 3,000 for the sale of real estate.

Additionally, it has been suggested to reduce the stamp fee from Rs. 1200 to Rs. 300 for agreements up to Rs. 500,000.

The Punjab administration burdened the public with an additional 10 percent stamp duty rise in August of last year.

Latest News

In October 2024, Pakistan’s current account had a $349 million surplus.

Published

4 minutes ago

Farwa

October 2024 saw a surplus of 349 million dollars in Pakistan’s current account, compared to September and August 2024 surpluses of 86 million and 29 million dollars, respectively.

Data from the State Bank of Pakistan indicates that this is the second consecutive month with a current account surplus, and it is also the largest since March 2024.

Latest News

Pakistan Is Determined To Deepen Connections With The United States: Minister

Published

7 minutes ago

Farwa

According to Planning Minister Ahsan Iqbal, funding for education and health will be promoted.

During a ceremony in Islamabad, Ahsan Iqbal stated that Pakistan is essential to the advancement of regional connectivity.

He stated that we are dedicated to further solidifying the long-standing relationship between Pakistan and the United States.

The Pakistan-America Knowledge Corridor Program is extremely important, according to the Minister.

According to him, peace is essential for regional growth and prosperity.

Pakistan and the United States have numerous opportunities to strengthen their collaboration in a number of areas.

Latest News

Results of Prudent Economic Policies. Fiscal restraint and reforms to stabilise the economy: Aurangzeb

Published

10 minutes ago

Farwa

All sectors have significantly improved as a result of the government’s sensible economic measures, according to Finance Minister Muhammad Aurangzeb.

“The government is dedicated to building on the hard-earned macro-stability to further strengthen the country’s economy,” he added in a televised statement.

According to the Finance Minister, the nation’s GDP, which is currently worth $300 billion, is expected to grow to three trillion dollars by 2047.He claimed that because to the government’s implementation of economic reforms and display of fiscal restraint, the nation’s economy has now stabilised. Speaking on the recent IMF delegation visit to Pakistan, he stated that it is a continuous dialogue process and that talks on public finance, the privatisation agenda, and energy and SOE reforms were discussed. He added that he had met with counterparts from the US Treasury, the United Arab Emirates, Saudi Arabia, China, Turkiye, and representatives of many rating agencies. He stated that every sector must fulfil its proper part in revenue and taxation, as the government is strict about compliance and enforcement.