China has announced to give three million dollars in aid to Pakistan flood victims.

architectural photograph of lighted city sky

The Chinese leadership expressed good wishes for President Arif Alvi and Prime Minister Shehbaz Sharif in a special message. China has announced 100 million yuan aid for the victims and donated 25,000 tents and other relief items.

Chinese Ambassador to Pakistan Nong Rong conveyed the message of the Chinese leadership to the Pakistani leadership. Prime Minister Shehbaz Sharif said that as always the leadership and people of China have shown Pakistan friendship and generosity to President Xi Jinping and PM Li Keqiang. Graceful you from the bottom of my heart.

On the other hand, Chinese Air Force flights carrying the first batch of 300 tents will arrive in Karachi today and tomorrow. Chinese Ambassador to Pakistan Nong Rong will hand over the relief materials to the Pakistani authorities in Karachi.

The Economic Affairs Division will be formally informed on the return of the Chinese ambassador from Karachi regarding the provision of aid by China to the flood victims.

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Dubai’s famous Karak Chai is out of reach of people.

teacup on book beside pink flower decor

In Dubai, a place popular among tourists from all over the world, where there are many attractive things, the special Karak tea here is also very popular among local people and tourists, but the inflation has also affected the price of tea.

Moin, a tea seller, says that initially its price was set at only one dirham, which now has no choice but to increase it to one and a half dirhams.

Everything used in tea has become expensive, milk, sugar, tea leaves, etc. Even disposable cups have doubled in price.

Made with milk, sugar, best leaves and cardamom, this Karak Chai is considered to be Dubai’s signature drink and is popular among locals and tourists alike.

On the increase in the price of this particular drink, Moin says that for almost two decades, the cardamom-flavored and fatigue-relieving drink has been priced at one dirham, which was a 100-fils coin of the Emirates.

Abdullah Mousavis, a Palestinian citizen living in the Emirates, says that apart from this special tea, the price of cone ice cream of a well-known brand here has also increased from 1 dirham to 2 dirhams recently.

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In fiscal year 2022, inflation rose to 12%

According to the statistics, electricity became 34.65 per cent, ghee 76.7 per cent, cooking oil 70.8 per cent, mustard oil 81.8 per cent, lentils 74 per cent, white gram 57 per cent and meat 26 per cent more expensive during the year.

The statistics agency, the prices of food items increased by 30% in the last financial year as compared to June 2021. Inflation increased by 21% in June 2022.

The data, fares went up by 62% and petrol by 95.7%.

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Imported government taxing major industries stock market crashes.

According to the details, in the first two hours after the start of trading in the Pakistan stock market, the market suddenly decreased by 1598 points in the first two hours after which the 100 index reached the psychological level of 41 thousand. However, this trend continued till 12 o’clock. It further declined and the index fell to 2053 points. severe due to downturn in the market trading was canceled.

Earlier the PM took the nation into confidence in the steps taken in the budget and announced a 10 per cent tax on major industries including cement, steel, sugar oil and gas, fertilizer, LNG terminals, textiles, banking, automobile chemicals, beverages and cigarettes. That the purpose of taxing large industries is to reduce poverty.

After taking over the government we had two options, one was to reform and move towards elections while the other was to make tough decisions and support the sinking economy of the country.

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Karachi The country’s foreign exchange reserves have declined sharply in the last week.

1 us dollar bill

According to a statement issued by the SBP, the decline in the country’s foreign exchange reserves continued last week and a decrease of 73 732.6 million has been recorded in the foreign exchange reserves.

The total foreign exchange reserves reached 14.21 billion in the week ended June 17.

State bank Reserves decreased by 74 747.6 million to 8. 8.23 ​​billion, while reserves of commercial banks increased by 1. 1.50 million to 5. 5.97 billion.

Experts say that if Pakistan does not receive a loan from the IMF, further reduction in reserves is expected, which could further worsen the already crisis-ridden economy.

SBP’s reserves declined by 24 240 million in the week ended June 10.

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ISLAMABAD: The new terms of the IMF Pakistan have come to light. The government has agreed to impose 40 billion new taxes.

Sources say that a levy of Rs. 5 per liter per month will be levied on petroleum products and this process will continue till levy of Rs. 50 is levied.

Sources said that the salaried class will be further squeezed. In the budget, one percent monthly tax was levied on income of six to twelve lakhs per annum but now it has been increased.

Two and a half per cent tax will now be levied on an annual income of Rs.

It has been decided to increase the tax collection target to Rs. 7445 billion for the new financial year while the target for customs collection will be increased from Rs. 950 billion to Rs.

The target for collection of general sales tax will be increased from 3,008 to 3,300 billion. The IMF will provide a draft agreement to Pakistan on Friday.

IMF officials say talks are underway between the government and the IMF. Details have been worked out between Pakistan and the IMF on the next budget.

According to the IMF agreement, the volume of the budget in the new financial year will reach nine thousand nine hundred billion rupees, which is about four hundred billion more than the proposed budget.

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Pakistani people drank 83 billion teas.

person pouring coffee on brown cup

According to the Economic Survey, there has been an increase in the trend of tea drinking in Pakistan.

Statistics, tea worth Rs 70.42 billion was imported during the last financial year, while more than Rs 83 billion has been imported this year.

Despite the rising inflation in Pakistan, a clear increase in tea imports suggests that the number of tea enthusiasts in the country is increasing.

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The Islamabad government has presented a budget of Rs 9,502 billion for the new financial year 2022-23.

Of which 1,523 billion for defense and 808 billion for development works

3,950 billion has been allocated for the payment of interest while the tax collection is estimated at Rs. 7,004 billion. The budget proposes relief to the salaried class with increase in salaries and pensions.

A meeting of the National Assembly is underway under the chairmanship of Speaker Raja Pervez Ashraf in which Finance Minister Muftah Ismail has presented the budget.

The tax exemption limit for business people and the Association of Persons has been increased from Rs 4 lakh to Rs 6 lakh.

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The first draft of the development budget of Punjab province has been prepared.

white printer paper

Each MPA of PML-N and its allies will be given Rs 500 crore development schemes.

First draft of Punjab’s development budget, it has been proposed to allocate Rs. 587 billion for the development budget of the province. Is suggested

According to the draft provincial budget, it is proposed to allocate Rs 114 billion for district development program projects in Punjab. Rs 237 billion has been proposed for mega projects while Rs 15 billion is to be allocated under private partnership. Recommended.

In addition, the total development budget of the country is proposed to be Rs 2,184 billion in which the federal development budget is 800 billion for Khyber Pakhtunkhwa 299 integrated tribal areas 50 billion Punjab 585 billion Sindh 355 and 143 billion for Balochistan provinces The APCC has proposed Rs 1384 billion development budget. Rs 91 billion will be set aside for public scheme of members of National Assembly and Rs 95 billion for Azad Jammu and Kashmir and Gilgit.

In this regard, Federal Minister for Planning Ahsan Iqbal said that next year the development budget will be 800 billion. If the government left in 2018, the development budget was 1000 billion rupees. It was a difficult task to formulate P, the recommendations of all the provinces and ministries under PSDP were reviewed in the forthcoming budget. the past development schemes were included on political grounds.

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Pakistan total debt increased by Rs 6,625 billion in one year.

In April 2021 Pakistan’s total debt was Rs 37,079 billion which reached Rs 43,995 billion in March 2022.

However, in April 2022, the total debt decreased by Rs 29 crore to Rs 43,704 billion.

Pakistan’s internal debt in April 2022 was Rs 28,913 billion while external debt was Rs 14,291 billion.

According to SBP data, Pakistan’s total debt in June 2021 was Rs 38,705 billion while in June 2020 it was Rs 35,107 billion.

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