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Additional tax revenues to be spent on welfare projects: PM Shehbaz

Prime Minister Shehbaz Sharif has said the additional tax collection will be spent on health, education, and other public welfare projects. He said this in a statement in response to the Lahore High Court’s decision of dismissing the stay order on windfall tax on banks’ additional income, benefiting the national treasury by 11.5 billion rupees, and a total of 34.5 billion rupees over the last month. The Prime Minister, taking notice of the stay order cases regarding the windfall tax imposed on banks’ additional income under the Finance Act 2023, had directed the Minister of Law, Minister of Finance, Attorney

Govt successfully steers country out of economic turmoil, says Rana Sanaullah

ISLAMABAD: Advisor to the Prime Minister on Political and Public Affairs, Rana Sanaullah said that the government has successfully steered the country out of economic turmoil, providing a stable foundation for further progress. Talking to a private news channel, he said that Parliament remains the best platform for discussing and resolving national issues. “We believe every matter should be addressed through democratic means,” he asserted. Addressing concerns regarding coalition partners, he acknowledged that minor disagreements are natural in coalition governments but clarified that there is complete understanding on fundamental issues. Replying to a question, he said that political matters must

Pakistan’s economy improving at macroeconomic level: PM Shehbaz

Prime Minister Muhammad Shehbaz Sharif says the foundation of Pakistan’s economy at the macro-economic level has been gradually improving since last year. Talking to Pakistani investors and businessmen in Dubai, he said the inflation has decreased to 2.4 per cent in January this year, while the policy rate is at 12 per cent. The Prime Minister said that Pakistan’s exports, including IT exports, are on the rise, and foreign remittances have reached a record high of three billion dollars in January this year. He said Pakistan’s economic landscape has witnessed stability at macroeconomic level following agreement with the International Monetary

“It’s time to reject politics of chaos,” says Ahsan Iqbal

LAHORE: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that it was time to reject the politics of chaos and focus on economic development. The minister said political stability and consistent policies are vital for the development of the country. The minister said when the PTI march reached Islamabad, the stock market dropped by 4,000 points, but when they left the capital, the stock market soared by 4,500 points. Addressing the foundation stone laying ceremony of a multipurpose building at Information Technology University (ITU), the minister said it is now everyone’s duty to prevent disruptions to policies

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