Pakistan Revenue
ISLAMABAD: The federal government on Friday presented budget 2021/2022 and announced increase in monthly minimum wage to Rs20,000 from Rs17,500. Finance Minister Shaukat Tarin while presenting the budget on floor of the house, announced to increase the minimum wage to Rs20,000 to reduce the burden on lower income group of rising prices. The minister also […]
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ISLAMABAD: The federal government on Friday presented a deficit budget with total outlay of Rs8.4 trillion with host of relief and budgetary measures. Presenting the fiscal year budget, Finance Minister Shaukat Tarin on floor of the house said despite the severity of 3rd wave of COVID-19 pandemic, the incumbent government in its third budget made […]
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ISLAMABAD: The federal government on Friday presented budget 2021/2022 and announced measures in regime of customs duty. GUIDING PRINCIPLES (a) Remove anomalies in cascading structure of tariff (b) Promote and protect domestic industry by introducing targeted interventions (c) Enhance import-substitution by rationalizing tariffs on industrial raw materials / intermediate goods (d) Facilitate export-oriented manufacturing by […]
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ISLAMABAD: The federal government on Friday presented budget 2021/2022 and announced following budgetary measures pertaining to Sales Tax:
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ISLAMABAD: The federal government on Friday presented budget for fiscal year 2021/2022 and proposed following budgetary measures pertaining to Federal Excise Duty (FED): REVENUE MEASURES 1. In order to reap reasonable revenue from this sector, federal excise on mobile phone calls exceeding three minutes @ Re 1 per call, SMS message @ Re. 0.1 per […]
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ISLAMABAD: The federal government on Friday announced budget for fiscal year 2021/2022 and notified relief and revenue measures in income tax. REVENUE MEASURES • Special regime for export of services at par with export of goods to be taxed @ 1% under final tax regime. • Elimination of block taxation of property income and shift […]
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ISLAMABAD: The federal government on Friday presented budget for fiscal year 2021/2022 and allocated Rs900 billion for public sector development program (PSDP). Following are the highlights of allocations PSDP for various ministries and divisions for the fiscal year 2021-22 announced by the Federal Government here Friday: — Total outlay of the PSDP for the fiscal […]
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ISLAMABAD: The federal government on Friday presented budget 2021/2022 and announce an increase of 10 percent in basic salary and pension of the government employees. While delivering the budget speech for the year 2021-22, Minister for Finance Shaukat Tarin announced that the increase in salaries and pensions of the federal government employees would be applicable […]
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ISLAMABAD: The federal government on Friday presented budget for fiscal year 2021/2022. Following is the budget at a glance: Total resources: Rs8,487 billion Total revenue (Federal Board of Revenue): Rs5,829 billion Non Tax Revenue: Rs2,080 billion Gross Revenue Receipts: Rs7,909 billion Less Provincial Share: Rs3,412 billion Net Revenue Receipts (a-b): Rs4,497 billion Non Bank Borrowing […]
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KARACHI: The Pak Rupee appreciated by 18 paisas against the dollar on Friday ahead of budget announcement and hope of incentives to foreign trade. The rupee closed at Rs155.74 to the dollar from the last day’s closing of Rs155.92 in the interbank foreign exchange market. Currency experts said that market had anticipated incentives in the […]
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