FederalBudget

#FOMCMeeting

🔔 #FOMCMeeting Update – June 2025

The Federal Reserve has kept interest rates steady at 4.25–4.50%, signaling a cautious approach amid rising global tensions, inflation uncertainty, and political pressure.

📉 Rate Cuts? Only one expected later this year (possibly September) as the Fed waits for more solid economic data.
🌍 Key Concerns: Oil price spikes, new tariffs, and geopolitical risks could reignite inflation.
📊 U.S. Economy: Steady job market, easing retail sales, and softening industrial growth.
🗣️ Chair Powell’s Message: Policy remains data-driven and independent — no rush to cut unless the numbers demand it.

➡️ All eyes now on upcoming economic reports to see if the Fed adjusts course.

#FederalBudget #InterestRateDecision #MarketUpdate

📢 Major Update: Non-Filers to Face 90%,👀 Tax on Mobile Recharges in Pakistan

In a significant move to enhance tax compliance, the Federal Board of Revenue (FBR) has proposed a substantial increase in withholding tax for non-filers. Under the new plan, non-filers will be subjected to a 90% tax on mobile balance recharges, a sharp rise from the previous 2.5%. This means that for every Rs100 recharged, Rs90 will be deducted as tax, leaving only Rs10 for actual usage.

The initiative aims to broaden the tax base and encourage individuals to become tax filers. To enforce this, the FBR has identified over 500,000 non-filers and directed the Pakistan Telecommunication Authority (PTA) and telecom companies to block their SIM cards. As of now, approximately 11,500 SIM cards have been blocked, with more expected to follow.

Public reaction has been overwhelmingly negative, with many citizens expressing frustration over the excessive burden. Social media platforms are abuzz with criticism, highlighting the challenges faced by the general populace due to this policy.

The proposed tax measures are part of the Federal Budget for 2024-25 and are pending approval from the National Assembly and Senate. If enacted, they will come into effect from July 1, 2024.

Stay informed and ensure your tax filings are up to date to avoid these hefty charges.

#Pakistan #MobileTax #FBR #NonFilers #TaxCompliance #FederalBudget 2024 #TelecomNews #PublicRelations #StayInformed

🚨 U.S. Bankruptcy Warning? Elon Musk Sounds the Alarm! 💰🔥

💵 "Drastic Cuts or Collapse?" – Musk’s Stark Warning on U.S. Debt Crisis!

American billionaire Elon Musk, appointed by President Donald Trump to lead federal spending cuts, has issued a grave warning: The United States could face bankruptcy if spending isn’t drastically reduced. 🚨

🔴 Key Highlights:
🔹 The U.S. budget deficit exceeded $1.8 trillion last fiscal year.
🔹 Musk, as chair of the Government Efficiency Committee, is leading efforts to reduce federal spending.
🔹 He revealed receiving threats due to his aggressive reform measures.
🔹 Legal challenges are emerging as federal agencies shut down and employees face layoffs.

💡 Musk’s Mission: Cut government waste, streamline spending, and prevent a financial meltdown! But will he succeed, or will the resistance prove too strong? 🤔

🔻 Do you support Musk’s spending cuts, or is the risk too great? Let us know below! 👇

#ElonMusk #USDeficit #GovernmentSpending #FederalBudget #EconomicCrisis