Islamabad, June 9, 2023: The Pakistan government has demonstrated its commitment to prioritize the water sector by earmarking an estimated amount of around Rs100 billion in the budget for the fiscal year 2023-24.
(more…)Author: Shahnawaz Akhter
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Pakistan Budget 2023-24: Power Sector Projects Allocated Over Rs205 billion
Islamabad, June 9, 2023: The Pakistani government has allocated Rs205.38 billion for power sector projects in the budget for the fiscal year 2023-24, as revealed in the official budget documents released on Thursday.
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Pakistan Budget 2023-24: Public Sector Development Program Gets Rs1,150 billion
Islamabad, June 9, 2023: The Pakistani government has allocated Rs1,150 billion for the Public Sector Development Program (PSDP) for the upcoming fiscal year, as per the official budget documents released on Friday.
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SBP Extends Facility Allowing Freelancers to Keep 35% of Export Earnings in FCY Accounts
Karachi, June 7, 2023 – The State Bank of Pakistan (SBP) has announced an extension of the facility that allows freelancers in the Information Technology (IT) sector to retain 35% of their export earnings in their foreign currency (FCY) accounts.
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Tobacco Farmers Demand Relief as Government’s Policies Plunge Them into Crisis
Tobacco farmers in Pakistan are up in arms against what they perceive as the government’s unfair policies, as the recent increase in federal excise duty (FED) on cigarettes has pushed them into a deep crisis.
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Karachi Tax Bar Association Proposes Sales Tax Relief for Non-Profit Organizations
The Karachi Tax Bar Association (KTBA) has presented a tax proposal aimed at providing relief to charitable and non-profit organizations engaged in charitable activities.
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KTBA Raises Concerns Over Undescribed Timelines under Sales Tax Law
The Karachi Tax Bar Association (KTBA) has recently highlighted the issue of undescribed timelines under the Sales Tax Law in Pakistan.
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FPCCI Proposes Dollar Amnesty Scheme to End Exchange Rate Volatility
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recently put forward a recommendation for a dollar amnesty scheme to address the issue of exchange rate volatility in the country.
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Petrol pumps may not accept cash for fuel purchase in Pakistan
Pakistan is contemplating a potential restriction on cash payments for fuel purchases at petrol pumps as part of an effort to promote digitalization and curb financial irregularities.
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Anticipated Tax Measures in the Federal Budget 2023-24
The upcoming federal budget for 2023-24 is expected to include a range of tax measures aimed at achieving a tax revenue target of Rs9-9.2 trillion.
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