During the 10 months of the ongoing fiscal year, a significant drop of 25.97% was recorded compared to last year.
The strategic shift was approved during a cabinet meeting chaired by Punjab Chief Minister Maryam Nawaz.
Silver price per tola remained at Rs3,427 in Pakistan.
According to an official notification, a minimum retail price has now been fixed for cement, which will serve as the basis for sales tax calculation.
Sources said that under the right-sizing policy, steps are being taken to ensure the timely achievement of fiscal year-end goals.
The announcement regarding agreement was made by finance department.
Aurangzeb said current IMF program will be last.
A day earlier, the gold price per tola remained stable at Rs352,000.
Government Tightens Conditions for PIA Privatisation
The price of 10 grams of gold also increased by Rs5,059 to settle at Rs311,814.
“A significant increase was recorded in fraud-related complaints and unjustified account blockages by banks,” BMP stated.
The decline occurred as the White House considered firing Federal Reserve Chair Powell.
International gold rate fell to $3,022 per ounce
Silver prices also remained firm, with per tola silver trading at Rs.3,417, and 10 grams at Rs.2,929.
It is worth noting that IMF has recently permitted Pakistan to revise its annual tax target downward from Rs12,970 billion to Rs12,370 billion for the current fiscal year.
According to the Cabinet Division, 11,558 of the abolished positions belong to Grade-1 employees, the lowest pay scale.
Pakistan’s tax system is inequitable, with only 5 million return filers.
Budget 2025-26 likely in June
In the global market, gold prices also saw a notable jump of $46
Ogra recommended Rs8 per litre decrease in fuel prices
