(1-6-2024) 10 latest news from pakistan

Here are the latest news highlights from Pakistan for 1 June 2024:

Federal Budget 2024-25: The Pakistan government is preparing to present its federal budget on June 7, with an expected total expenditure of Rs 16,700 billion. The budget focuses on economic stabilization and includes significant increases in tax revenues and reductions in subsidies​​.

Salary and Pension Increases: Government employees and retirees are likely to see a 10-12% increase in salaries and pensions starting from July 2024, as part of the upcoming budget plans.

Petrol Price Reduction: Prime Minister Shehbaz Sharif has directed the finance ministry to cut petrol prices by Rs 15 per liter to provide relief to the public.

Imran Khan's Criticism of General Bajwa: Former Prime Minister Imran Khan, currently incarcerated, criticized former army chief General Bajwa, expressing regret over trusting him during his tenure.

PM Shehbaz Sharif’s China Visit: PM Shehbaz Sharif is scheduled to visit China from June 4-8, where he will meet with Chinese leadership and corporate executives in the energy, fuel, and IT sectors.

Supreme Court Judges’ Response: Supreme Court judges have responded sharply to remarks made by PM Shehbaz Sharif, calling for accountability within the judiciary.

Budget Proposals on Taxation: The government is considering withdrawing tax exemptions for the wealthy and imposing new taxes on items like mobile phones and tractors to increase revenue.

Water Project Funding: The Karachi Water and Sewerage Corporation (KWSC) has sought Rs 12 billion from the Sindh government for the new Hub Canal project.

Digital Gender Gap: Efforts are being made to address the digital gender gap in Pakistan, with discussions on enhancing the PTA’s Digital Inclusion Strategy taking place at a recent policy roundtable.

Utility Stores Corporation Relief Package: The Utility Stores Corporation has proposed a historic Rs 85 billion relief package in the upcoming budget to support low-income families.