• Finance secy says revenue numbers are already locked with IMF • Income tax rate of first slab reduced to 2.5pc, not 1pc as initially printed in Finance Bill • Change offsets additional fiscal impact from increased govt salaries • Aurangzeb defends steep pay hikes for lawmakers, ministers • Says govt held back on raising minimum wage as industry unwilling to implement previous rate • Contributory pension scheme for forces personnel may face delays ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday repeatedly warned that the government would be compelled to impose a further Rs400 to 500 billion in taxes if parliamentarians failed to approve the sweeping enforcement measures proposed in the 2025-26 budget — as they were already cleared by the International Monetary Fund (IMF). “I now request my colleagues in both houses of parliament to get the enabling clauses for enforcement measures passed, otherwise we would have to take Rs400-500bn additional tax measures,” the usually soft-spoken minister said a...
Michelin Romania, part of the French Michelin group, one of the world's largest tire manufacturers, posted RON5.687 billion (EUR1.143 billion) revenue in 2024, up approximately 6% from the previous year’s RON5.365 billion (EUR1.084 billion), according to ZF calculations based on Finance Ministry data.
Dorna Medical posted more than RON79 million revenue in 2024, up 30% from the previous year, according to Finance Ministry data.
Ice Dyp Balas, one of the top five ice cream producers in Romania, completed an extensive investment program in 2024, which included the new logistics center in Pantelimon, expansion of the fleet and investments in production and complete digitalization.