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Budget 2024–25: Pakistani laptop prices will rise

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Tax increases on desktops, laptops, and other electronic devices are part of broader measures to increase government coffers.

Laptops and desktops will probably cost more due to the sales tax hike.

And federal minister of finance and revenue Senator Muhammad Aurangzeb announced’significant’ relief for government employees, raising their salaries by much to 25%.

The minister of finance announced a 25% salary rise for personnel in grades 1–16 and a 20% increase for grades 17–22 as part of the government’s proposed budget for fiscal year 2024–25 during its presentation to the National Assembly hall.

The minister of finance also recommended a 15% hike to pensions for the elderly in the 2018 budget. A worker’s minimum monthly wage is now 37,000 rupees, up from 32,000 yesterday.

Muhammad Aurangzaib stated that the government has recognized the issues experienced by its employees and is trying to resolve them, even though there are budgetary difficulties.

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The government is about to unleash another gasoline bomb on citizens beaten by inflation

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governmentThe price of petroleum products is anticipated to rise by the Federal Government starting on July 16. The price of gasoline is anticipated to rise by Rs7.67 per litre, the price of high-speed diesel by Rs3.72 per litre, and the price of kerosene by Rs2.73 per litre.

The people have informed me that a proposal to increase the petroleum levy has been created and is pending final clearance from Prime Minister Shehbaz Sharif.

After speaking with the premier, it is expected that the Ministry of Finance will declare the revised petroleum product prices tonight.

Petroleum product prices have recently surged due to rising global oil prices and Pakitsan’s adjustment of the petroleum levy in response to the International Monetary Fund’s (IMF) adamant demands, which forced the country to raise the petroleum development levy in the Finance Bill to Rs70 per litre.

Noteworthy is the fact that on July 1, the authorities also dropped a gasoline bomb.

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Positive Trend at PSX With a 1361-Point Gain for the KSE 100-Index

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In the first few hours of trading, the Pakistan Stock Exchange sees a bullish trend as the KSE 100-Index rises 1361 points, bringing the stock market to over 81,300 points.

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Significant surge in the price of gold in Pakistan

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On Friday, the price of gold in Pakistan continued to increase.

According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of 24-karat gold per tola has risen by Rs2,200, reaching Rs249,000.

The price of 10-gram 24-karat gold increased by Rs1,886, reaching a total of Rs213,477. On Thursday, the cost of 10 grammes of 22-karat gold was Rs195,687.

The global gold market likewise had a rising trajectory. As per APGJSA, the worldwide rate was $2,404 per ounce, showing a decline of $24 during the course of the trading day.

The local market witnessed constant silver prices at Rs2,900 per tola.

Market observers attribute the increase in gold prices to other variables, such as volatility in the global market, currency exchange rates, and economic conditions. The ongoing surge in gold prices is likely to impact investment choices and consumer behaviour in the near future.

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