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Sorry, but when I decide who to vote for on Election Day, it will be the person I think can best represent the country, not the candidate that will most impress my boyfriend.

In another short video, the business mogul was seen handing Paul a mugshot T-shirt and a signed hat, with bottles of Paul’s viral hydration drink in the background. “Is this your mugshot? No way! You’re a gangster!” said Paul. The clip uploaded by Trump’s team showed both of them face-to-face in front of Paul’s WWE United States Champion belt before laughing and embracing each other. The former president also encouraged President Joe Biden to also appear an on Paul’s show, before adding, “You know how much chance you have of getting him on? I’d say less than 1%, okay?”

Pakistan

Donald Trump Faces Logan Paul with Angry Face: Watch the Showdown

In a surprising turn of events, Donald Trump faced off against Logan Paul with a visibly angry expression. The encounter has…

Entertainment

King Charles is using cancer as a distraction from the rift with Prince Harry.

King Charles and Prince William’s hands are way too full to be thinking about reconciling with Prince Harry right now. Royal…

KP/GB

Budget 2024-25: Punjab announces relaunching laptop scheme

CM Maryam-led government allocates Rs20.7 billion for ongoing and new governance and IT schemes By APP | June 13, 2024 LAHOR…

KP/GB

Budget FY25: An Opportunity Missed

A new budget is here, but it fails to bring the reforms and economic revival we urgently need. Like many of our past budgets…

The stock market soared to unprecedented heights on Thursday, fueled by investor optimism over the federal budget's decision to maintain the Capital Gains Tax (CGT) status quo for the fiscal year 2024-25. Pakistan Stock Exchange's (PSX) benchmark, the KSE-100 Shares Index, surged to a record high of 76,208.16 points, marking a historic single-day gain of 3,410.73 points or 4.69%. "The market had anticipated an increase in capital gains tax, leading investors to significantly reduce their exposure," said Adnan Sheikh, Assistant Vice President of Pak Kuwait Investment Co, speaking to Reuters. Following the budget announcement and Monday's 150 basis points cut in the central bank's policy rate, Sheikh anticipated a record-setting day for the market, citing equities as the best medium-term investment option. In addition to the capital gains tax, analysts noted that the budget and other revenue measures were in line with expectations. The market rally sparked widespread buying interest across top sectors, including automobile assemblers, cement, commercial banks, engineering, oil and gas marketing companies (OMCs), and refineries. The euphoria in the market came a day after Finance Minister Senator Muhammad Aurangzeb presented Pakistan's federal budget for 2024-25, which aims to increase tax revenue to Rs13 trillion for the fiscal year starting July 1, a nearly 40% increase from the current year. The budget is intended to achieve modest 3.6% growth, balancing the need to satisfy the International Monetary Fund (IMF) while addressing the nation's fiscal challenges through increased taxation. "We believe this budget will serve as a prior action for a new IMF programme," Topline Securities stated in a note. If parliament passes the budget in compliance with IMF measures, Topline Securities expects the forward price-to-earnings ratio to increase to 6.93 in three years, up from the current 3.4, a historic high. Pakistan's international sovereign bonds also rallied, with longer-dated maturities seeing significant gains. The 2036 bond recorded its largest increase in over two months, trading at just over 77 cents on the dollar, according to Tradeweb data. Finance Minister Muhammad Aurangzeb defended the decision to increase tax revenue, stating that the current tax-to-GDP ratio of just under 10% was unsustainable. Key objectives for the upcoming fiscal year include gradually increasing the tax-to-GDP ratio to 13% over the next three years, Aurangzeb added during a press conference following the budget presentation in parliament.

DIGITAL STORIES

PSX reaches all-time high of 76,208 points following CGT status quo.

The stock market soared to unprecedented heights on Thursday, fueled by investor optimism over the federal budget’s de…

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World

Donald Trump Faces Logan Paul with Angry Face: Watch the Showdown

King Charles is using cancer as a distraction from the rift with Prince Harry.

Budget 2024-25: Punjab announces relaunching laptop scheme

Budget FY25: An Opportunity Missed

PSX reaches all-time high of 76,208 points following CGT status quo.

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