However, subsequent Israeli and US military strikes on Iran caused the currency’s value to plunge, with 10 million rials trading between Rs2,000 and Rs3,000 just days ago.
Inflation is projected to remain around 8.2 percent in the next fiscal year
Meanwhile, losses linked to shortfalls in bill recoveries stood at Rs57 billion during the reporting period.
He stated that the Sindh government is working towards a vision of developing a modern and efficient public transport system, building on the success of the Peoples Bus Service.
The deal will be officially signed in Geneva.
Chief Minister Maryam Nawaz Sharif, along with provincial ministers and MPAs, attended the budget session
Gold prices rose by $108 per ounce to $4,327 globally
Silver prices also registered an increase
Presenting the budget, Finance Minister Muhammad Aurangzeb announced that PKR 10 billion has been allocated for Karachi’s K-IV Water Supply Project.
Minister says government was aware of the financial pressures faced by salaried individuals
Rs979.840 million has been allocated for two ongoing schemes under the Defence Production Division
Says the government’s focus is on supporting economic growth, improving revenue collection
Rs11 billion in loans have so far been disbursed under the scheme
The budget will be unveiled on Friday.
Globally, gold prices fell by $97 per ounce to $4,102
The budget will be presented on June 12.
The event was held at the IT ministry and attended by senior officials along with representatives from Ignite and Mobilink Bank.
In the international market, gold gained $28 and was traded at $4,326 per ounce
The notification stated that the relief will also be available to consumers of K-Electric.
Finance Minister Muhammad Aurangzeb will present the budget before the lower house of parliament.
Planning and Development Minister Ahsan Iqbal confirmed that several budget-related matters have yet to be finalised
It says such an increase has become unavoidable in proportion to the current inflation rate
The IMF is seeking the withdrawal of tax incentives provided to the solar sector
According to the documents, the current fiscal year’s development budget for Gilgit-Baltistan was set at Rs37.10 billion.
Petrol is mainly used by commuters in small vehicles, rickshaws and two-wheelers.
In the international market, gold prices fell by $14 per ounce, taking the rate to $4,453, including a premium of $20.
Small businesses earning up to Rs200 million annually will pay a fixed tax of 1 per cent on their net income
The budget is likely to be presented on June 10.
Govt to present budget on June 10
