US President Donald Trump attends a bilateral meeting with China’s President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019.— Reuters Software export controls also to take effect.Trump says ‘no reason’ to meet Xi in three weeks.Rift between 2…
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Govt okays Rs25.5bn package for 11,000 laid-off Utility Stores employees
People stand in a queue outside a state-run utility store to buy groceries. — AFP/FileEmployees with over 20 years’ service to get basic pay for each year.Daily wagers to get flat calculation based on Rs37,000 benchmark.Pending salaries and wages will also be duly paid by…
FBR’s transformation plan to boost tax-to-GDP ratio from 10.24% to 18%
A representational image showing the FBR logo. — FBR website/File
Officials highlight gap in taxes, which will be plugged via digitisation.FBR’s contribution will rise to 14%, provincial revenues by 3%.Authority’s capacity being enhanced by hiring around 1,600…
President notifies formation of 11th National Finance Commission with nine members
Stacks of Pakistani rupee notes seen in this undated image. — AFP/FileFederal finance minister to chair new NFC.Provinces nominate experts alongside finance ministers.Terms include tax, grants and fiscal powers.
ISLAMABAD: President Asif Ali Zardari has formally constituted…