Muddassir Ayaz

Impression of Federal Budget 2017-18 on Stock Exchange Companies

The Federal Budget for the Year 2017-18 floated in Parliament on 26th May, 2017 has a mix impact on the companies listed at Pakistan Stock Exchange. Overall, the investor has to pay more than the previous times. However, some sectors have received a cut in overall tax payment and this can help in ease of doing business and a positive impact on profitability if the companies. A short impression of

Government Raise Salary of Employees by 10% in Budget 2017-18

The Federal Government has proposed an increase of 10% on basic salary after merging the 2010 adhoc relief allowance with the name of “adhoc relief allowance”. The government servants were expecting a higher rate of increase on their salary. However, the merging of 2010 adhoc relief allowance is a good step towards long term benefit for the employees. The Federal Minister, Ishaq Dar while delivering the budget speech on 26th

Revised Basic Pay Salary Chart of Government Employees After Budget 2017-18

The federal Government has increased the salaries of all government employees by 10% after merging the 2010 adhoc relief allowance into the basic salary already given to the employees. The provincial governments will also follow the same steps of federal government. The federal government has also increased the pensions by 10% for all employees. Download Revised Salary Pay Scales 2017-2018  

Ishaq Dar to Present Federal Budget 2017-18 on 26th May

The Federal Budget for the Year 2017-18 will be announced on 26th May, 2017 in the Parliament of Pakistan. The Government will announce all time high budget figure this year, in terms of expenditures and tax collection targets. It has been proposed to revise the basic pay of all scales i.e. from BPS-1 to BPS-22. Furthermore, the house rent is also expected to be enhanced at 20% of its current rate,

Prime Minister Laptop Distribution Schedule 2017

The Federal Government of Pakistan has started distributing laptops through Higher Education Commission. One hundred thousand laptops made by Haier have been acquired and now these laptops given to meritorious students of federal and provincial chartered public sector universities. The following is the schedule of distribution of laptops according to university / department: FUUAST Islamabad: Laptops will be distributed in department of Applied Physics on 17th May, 2017. Sindh Agriculture University Tandojam: Laptops

CM Punjab Laptop Distribution Schedule Phase-IV during 2017

The Government of Punjab has started distributing 115 thousand laptops in the Punjab. These laptops have been purchased at the cost of 7 billion rupees. Students from colleges, technical institutions, matriculation students and madrissa students are getting the laptops. The laptop distribution Phase-IV has been started in all the cities of Punjab. The schedule of laptop distribution is given under: For Matriculation Students: During this phase,those students who have passed

AC Wazirabad Noor ul Ain Qureshi Checked Census Teams

Gujranwala (16-05-2017): The AC Wazirabad Noor ul Ain Qureshi checked working of census teams on the directions of Deputy Commissioner Muhammad Aamir Jan. The Assistant Commissioner of every areas also the District member for census 2017. The second phase of census is going on and the staff is going from home to home to collect data of family members and other details. he officer inquired about the census FQC form

Pakistan Railways to Insure its Employees

Lahore: The administration of Pakistan railways have decided to insure its employees for any accidental death. The agreement took place between Pakistan Railways and Pakistan Post. The contractual agreement with Pakistan Postal Life Insurance has been formulated. The senior management of Pakistan Railways were present while finalizing the details of contract. The minimum disbursement amount for on-job death of employee has been raised from 45 thousand to 400 thousands. The

UBL Offers 15% at Hakim Studio

The United Bank Limited (UBL) has offered 15% discount for all its customers at Hakim Studios (Pakistan, UAE and USA). This discount is offered on all cards of UBL only at their Karachi studio. The bank usually offers discounts at new places frequently. This time, as per sources, this is the first time that the bank is offering discount on photo-studio. The studio has a good review by its customers.

Hajj 2017 Balloting will be held on 28th April, 2017

During 2017, 1,07,526 pilgrims will perform Hajj through government quota in Saudi Arabia. More than 3 lakh applications have been submitted in designated banks. The government quota of Hajj is 1 lakh plus and for private tour operators the number if around 71 thousand. A total of 1,79,210 persons will fly to Saudi Arabia this year to attend the largest religious gathering of Muslims. The highest number of applications were