Pakistan Revenue
Pakistan Budget 2023–2024 highlights fiscal policy, tax reforms, development spending, inflation control measures, and economic growth targets.
Islamabad, June 21, 2023: In a significant move aimed at improving the financial well-being of government employees, the government of Pakistan has announced an 18% increase in the pension for pensioners of the Employees Old-Age Benefit Institution (EOBI).
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Karachi, June 20, 2023: Amidst economic instability, foreign exchange crisis, and declining exports, the Karachi Chamber of Commerce and Industry (KCCI) has called on the government to reinstate the zero-rating facility to support the survival of five export sectors during liquidity crunch periods.
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Karachi, June 18, 2023 – The tax concession provided to retailers and jewelers through the Finance Bill, 2023 has come under scrutiny, with critics arguing that it is aimed at appeasing certain political groups in light of the upcoming general elections.
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Karachi, June 17, 2023: The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, has called upon the government to promptly address the anomalies present in the recently announced Budget 2023-24.
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In response to concerns raised by the International Monetary Fund (IMF) regarding Pakistan’s budget for the fiscal year 2023-24, the country’s finance minister issued a statement on Friday, addressing the issues raised and reaffirming Pakistan’s commitment to the IMF program.
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Tax experts have raised questions regarding the proposed enhancement of the foreign currency threshold for the money whitening scheme outlined in the Finance Bill of 2023.
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Following are the highlights of income tax amendments proposed through Finance Bill, 2023. These highlights are prepared by experts of KPMG Taseer Hadi & Co. Chartered Accountants.
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In a recent development, concerns have been raised by experts regarding the proposed immunity in the Finance Bill, 2023, which allows individuals to bring dollars into Pakistan.
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Despite Challenges, Pakistan Sets Ambitious Revenue Target for Petroleum Levy in the Next Fiscal Year
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Islamabad, June 14, 2023: The Senate Standing Committee on Finance and Revenue recently conducted a comprehensive review of the proposed customs duty amendments introduced through the Finance Bill 2023.
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