pakistaniposts

In this article, I will be discussing one of my favorite batsmen and the captain of the Pakistan cricket team, Babar Azam. He has established himself as one of the most formidable batsmen in modern cricket. From his beginnings as a young cricket enthusiast in Lahore to his current role leading the national team on the global stage, Babar Azam's journey showcases his immense talent, hard work, and determination. This article explores Babar Azam's career, his impact on Pakistan cricket, and his future prospects Early Life and Rise to Stardom Born on October 15, 1994, in Lahore, Babar Azam grew up in a cricket-loving family. His cousins, Kamran and Umar Akmal, both represented Pakistan, which further fueled his passion for the sport. Babar's early promise was evident when he set records in Pakistan’s domestic cricket, notably in the Under-19 circuit. He made his One Day International (ODI) debut against Zimbabwe in 2015, quickly showcasing his potential. His composed technique...

Did you happen to read my previous article . As Pakistan prepares for the announcement of its new budget in June 2024, the salaried class is anxiously awaiting updates on income tax rates. Given the economic pressures and ongoing fiscal challenges, it is anticipated that the government may introduce significant changes to the tax structure. Here is a speculative analysis based on current economic trends and previous budgetary measures. Current Economic Context Pakistan is grappling with economic instability, high inflation, and a need for increased revenue generation. The government's commitments to international financial institutions like the International Monetary Fund (IMF) often necessitate stringent fiscal measures. These factors will likely influence the upcoming tax policies. Possible Changes in Tax Rates Lower Income Exemptions : Annual income up to Rs. 700,000 : Likely to remain tax-free to provide relief to lower-income earners amid high inflation rates. This slight inc...

CRAZY AS IT MAY SOUND!  t he new tax regulations for the salaried class in Pakistan have introduced significant changes, often referred to as a "tax bomb." These changes, effective from July 1, 2023, are part of the amended Finance Bill 2023, aiming to increase government revenue amidst economic challenges. Key Changes in Tax Rates: Tax Exemptions and Initial Slabs : Annual income up to Rs. 600,000 remains tax-free. Income from Rs. 600,001 to Rs. 1,200,000 is taxed at 2.5% of the amount exceeding Rs. 600,000​ ( FM World Pakistan ) ​​ ( Pakistan Today ) ​. Middle Income Slabs : For income between Rs. 1,200,001 to Rs. 2,400,000, a fixed tax of Rs. 15,000 plus 12.5% on the amount exceeding Rs. 1,200,000 applies. Income between Rs. 2,400,001 and Rs. 3,600,000 will see a tax of Rs. 165,000 plus 20% on the amount exceeding Rs. 2,400,000​ ( FM World Pakistan ) ​. Higher Income Slabs : For income between Rs. 3,600,001 and Rs. 6,000,000, the tax is Rs. 405,000 plus 25% on the amoun...