Pakistan

Budget 2024-25: Major relief expected for salaried class – Pakistan Observer

Published

3 مہینے ago

جون 12, 2024

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ISLAMABAD – The federal government is expected to introduce a salaries’ hike ranging from 10% to 15% in FY 2024-25 budget amidst the challenging backdrop of persistent inflation.

The proposals for wage increases include a suggested 15% to 20% hike for government servants in BPS-1 to BPS-16, while another proposal advocates for a 10% raise across all categories, from BPS-1 to BPS-22, which would elevate the government’s pay bill by Rs80 billion in 2024-25.

The budget will be presented on Wednesday (today).

Earlier, the budget was due on June 8 as presentation of the 2024-25 budget was postponed due to Prime Minister Shehbaz Sharif’s visit to China.

The delay means that the budget is being unveiled after the central bank’s Monetary Policy Committee slashed interest rates by 1.5% to 20.5% from a record high of 22%.

The expected raise, however, may not evoke widespread celebration due to ongoing erosion of purchasing power resulting from rupee devaluation.

The sources say that there may be another relief for the less privileged salaried class as it is expected that the minimum taxable amount may be raised to Rs900,000 per annum from the current Rs600,000 threshold.

The latest reports suggested that the government aims to alleviate the burden on low-income groups.

The move implies that more individuals from the low-income brackets within the salaried class could benefit from income exemption. However, it is speculated that the government might adjust tax rates for those in higher income brackets accordingly.

The deliberation over pay raises for civil servants has been ongoing, despite the additional financial strain it poses amid the current economic challenges. This initiative is deemed necessary to counteract the adverse effects of inflation, which have significantly diminished people’s purchasing power.

Besides it, there are discussions within the finance ministry regarding a revision of the monetization policy, which pertains to the payment of benefits to public servants in cash lump sums.

Although Pakistan has witnessed a decline in annual inflation since January, with the consumer price index (CPI) reaching a 30-month low of 11.8%, the proposed measures, if implemented, will likely be met with mixed reactions from the populace, with some deeming them insufficient.

Related Topics:budget class expected major Observer Pakistan relief Salaried

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Pakistan

Honda CD70 Dream Latest Price, Installment Plans – Sep 2024 Update – Pakistan Observer

Published

6 گھنٹے ago

ستمبر 20, 2024

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Honda remains leader in bikes market, with its top-selling units like CD 70, and that’s without making any major changes as the entry-level bikes look almost same for a long time. As the CD-70 remains its most selling model, bikes like the CD-70 Dream and Pridor are considered a niche products.

Despite failing to achieve top sales, CD 70 Dream is still in the market, featuring air-cooled, 4-stroke engine that delivers smooth performance and impressive fuel economy, often averaging around 60-70 km/l, making it ideal for daily commuting.

The bike looks better with stylish and modern design with attractive graphics, as compared to simple CD70. People also like its comfort as built quality remains optimum, comparing to other players.

Its pricing makes it accessible to a wide audience, including students and working professionals, solidifying its status as a favorite among motorcycle enthusiasts in Pakistan.

As bikes prices remain out of hands, people are having hard time to upgrade their ride while companies also face low sales.

Honda CD 70 Dream Price

The price of Honda CD70 Dream is Rs168,900 in September 2024.

Honda CD 70 Dream Installments

Installment Plans	Monthly Payments
3 months	Rs56,300
6 months	Rs28,300
9 months	Rs21,890
12 months	Rs17,200
24 months	Rs10,170
36 months	Rs7,800

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Check Property Ownership in Lahore, other Punjab cities Online – Pakistan Observer

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7 گھنٹے ago

ستمبر 20, 2024

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If you live in Lahore or any other city in Punjab; you might have faced difficulties in getting land record in previous years, but now the government made the land verification process smooth with digitization.

To curb the menace of land mafia and to help residents of Punjab, the government rolled out a systematic process and also eased the process of property transfers and real estate transactions.

A new verification system is Live by provincial authorities to check the legitimacy of properties available for purchase or investment across the region of 110 million people.

The relevant authority in this regard is Punjab Land Record Authority which oversees management and maintenance of land records. You can get different services, including ability to search for and view land records, as well as request copies of documents.

Check Property Ownership Online 2024

Here’s Step by Step Guide To Check property ownership

Step 1: Please visit PLRA portal at Punjab-zameen.gov.pk.

Step 2: Find ‘Property Registration,’ on home and click on https://rodportal.punjab-zameen.gov.pk/.

Step 3: It will ask you to select your district and service center.

Step 4: You can search by different options including Bahi number, ID card, registration number, or by person name.

Step 5: After entering details, please advance to ‘Search’ to get the land ownership.

With latest updates, you can check data on number of property transfers in last 36 months.

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Pakistan

Suzuki Bolan discontinued in Pakistan after 36 years; Here’s replacement for ‘Carry Dabba’ – Pakistan Observer

Published

8 گھنٹے ago

ستمبر 20, 2024

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LAHORE – Finally, it’s time to say goodbye to the iconic Suzuki Bolan as Pak Suzuki pulled plugs to replace the minivan with another model. Over the last 3.5 decades, Suzuki Bolan enjoyed decent sales and was valued for its flexibility, serving a multi-passenger vehicle and for commercial purposes.

Amid shift in auto landscape in Pakistan, Bolan becomes latest drive to be discontinued after Suzuki Mehran, which you can still spot.

Pictures of Suzuki Bolan’s last batch surfaced online, and Pakistanis hit nostalgia as many grew up in this vehicle. The final chassis number marked as 01151691. The country’s oldest automaker and maker of Bolan also confirmed discontinuation of the 800cc Carry Dabba.

The company decided to replace Bolan for its outdated design and lack of safety features. Amid its low sales, consumer demand for a modern replacement like Changan Karvaan increased.

Suzuki Every to Replace Bolan

Suzuki earlier mentioned that Every will replace Bolan, and one of its recent model was unveiled at a recent auto show.

The launch of Every models faced delays due to import challenges and it is expected to launch in mid October.

Suzuki Bolan Price in Pakistan

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Gold prices reach historic high in Pakistan – Pakistan Observer

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