Ghulam Abbas

Economy

The government has adopted 42 recommendations of the Senate in the budget fully or partially, meanwhile 108 suggestions mostly related to the development sector, have been forwarded to Ministry of Planning and Development for incorporation.

Headlines

“It is unfortunate that recommendations were made by the committee and the state minister had assured to abolish the third tier on cigarettes – but it did not happen in the budget” PANAH Dr Wajid Ali said.

Economy

Income Tax exemption up to Rs1.2 million annual income approved. Senate body rejects levy on petroleum, tobacco and mobile phone sets. Also rejects removal of third-tier slab on cigarettes.

Economy

The new initiative of restricting non-filers from purchasing motor vehicles to cause a reduction in the sale of 240,000 units

Headlines

During a meeting of the committee which was chaired by Farooq H Naek, the committee approved seeking details about the frequent travellers (passengers) and staff of airlines. The committee also approved seeking additional details from a conveyance that is en-route to Pakistan for the provision of accurate and complete information of passengers in advance to thwart attempts of money laundering and currency smuggling.

Headlines

As the government has finally decided to dissolve the Engineering Development Board (EDB), not only the existing assemblers but also the new entrants in the auto sector have voiced their concerns regarding the decision without prior arrangements of a substitute.

Economy

The PSDP size including PPP mode financing has increased from Rs1,001 billion in 2017-18 to Rs1030 billion in year 2018-19 which shows an increase of 3 percent