{"id":80871,"date":"2025-07-19T16:55:23","date_gmt":"2025-07-19T11:55:23","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=80871"},"modified":"2025-07-19T16:55:23","modified_gmt":"2025-07-19T11:55:23","slug":"pm-applauds-economic-team-as-annual-current-account-surplus-reaches-2-1-billion","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/pm-applauds-economic-team-as-annual-current-account-surplus-reaches-2-1-billion\/","title":{"rendered":"PM applauds economic team as annual current account surplus reaches $2.1 billion"},"content":{"rendered":"<p>ISLAMABAD: Prime Minister Muhammad <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/pm-shehbaz-sharif-summon-report-on-increasing-salaries-of-chairman-senate-speaker-na\/\">Shehbaz Sharif<\/a> announced on Saturday that Pakistan has generated a $2.1 billion yearly current account surplus, its greatest in 22 years, marking a historic milestone.<\/p>\n<p>&#8220;Driven by record remittances, rising exports, and a laser focus on structural <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/half-of-kp-favors-maryam-nawaz-over-gandapur-gallup-survey\/\">reforms<\/a>, this achievement reflects the confidence of overseas Pakistanis and the resolve at home,&#8221; the prime minister added on his X account.He also praised the economic team for their remarkable work in this matter.<\/p>\n<p>Earlier, Finance Minister Muhammad Aurangzeb unveiled significant changes to the country\u2019s <a href=\"https:\/\/dailyausaf.com\/en\/business\/federal-govt-announces-8-sales-tax-cut-on-solar-panels\/\">tax system<\/a>\u00a0and Federal Board of Revenue (FBR) policies in Pakistan.<\/p>\n<p>Addressing the budget debate in the National Assembly session, the finance minister said that\u00a0the powers of the FBR have been reviewed, and arrests will not be made without a court warrant in cases up to 50 million.<\/p>\n<p>He added that a three-member FBR committee will be required for arrests\u00a0instead of an officer.<\/p>\n<p>Furthermore, he stated that individuals above 75 years old are now exempt from tax, and a tax will be imposed on pensions exceeding 10 million.<\/p>\n<p>\u201cNo withholding tax will be levied on personal residences for 15 years, and there will be a 20 percent tax on investment in government securities,\u201d he added.<\/p>\n<p>The financ czar added that the tax on income between 600,000 and 1,200,000 will be reduced to 1%. \u201cE-commerce businesses will be subject to a simplified tax system with limited tax liability.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif announced on Saturday that Pakistan has generated a $2.1 billion yearly current account surplus, its greatest in 22 years, marking a historic milestone. &#8220;Driven by record remittances, rising exports, and a laser focus on structural reforms, this achievement reflects the confidence of overseas Pakistanis and the resolve at home,&#8221; [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":79722,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24084],"class_list":["post-80871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan","tag-pakistan-current-account-surplus"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/80871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=80871"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/80871\/revisions"}],"predecessor-version":[{"id":80873,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/80871\/revisions\/80873"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/79722"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=80871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=80871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=80871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}