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Category: Budget 2024-25

Pakistan Budget 2024–25 outlines key fiscal measures, taxation updates, development allocations, and economic reforms aimed at stabilizing economy.

bulls and bears of stocks

SECP Proposes Revival of Tax Credits on IPO Investments

May 31, 2024May 31, 2024Shahnawaz Akhter

PkRevenue.com – The Securities and Exchange Commission of Pakistan (SECP) has proposed the revival of tax credits for investments in initial public offerings (IPOs). The proposal is part of SECP’s recommendations for the 2024-25 federal budget.

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Tax Budget

Pakistan Poised for Sales Tax Hike and Income Tax Overhaul

May 31, 2024May 31, 2024Mrs. Anjum Shahnawaz

PkRevenue.com – Pakistan is preparing to further increase the sales tax rate in the upcoming 2024-25 budget to generate significant revenue for the next fiscal year.

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SECP Annual Report

SECP Proposes Tax Relief for Share Investors in 2024-25 Budget

May 31, 2024May 31, 2024Mrs. Anjum Shahnawaz

PkRevenue.com – In a bid to stimulate the stock market and promote investment, the Securities and Exchange Commission of Pakistan (SECP) has put forward a series of tax relief proposals for the 2024-25 budget.

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Steel Producers

Steel Industry Representatives Meet Finance Minister

May 30, 2024May 30, 2024Shahnawaz Akhter

PkRevenue.com – On Thursday, representatives from the steel industry met with Finance Minister Muhammad Aurangzeb to discuss proposals for the upcoming 2024-25 budget.

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capital gain tax

FBR Suggests New CGT on Non-Residents’ Capital Assets

May 30, 2024January 30, 2026Shahnawaz Akhter

PkRevenue.com – In a move aimed at tightening tax regulations, the Federal Board of Revenue (FBR) has proposed the imposition of capital gains tax (CGT) on the disposal of capital assets by non-residents.

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UNISAME

UNISAME Fears More Tax Burden Will Cripple SME Sector

May 30, 2024May 30, 2024Shahnawaz Akhter

PkRevenue.com – Zulfikar Thaver, President of the Union of Small and Medium Enterprises (UNISAME), has expressed grave concerns over potential new tax burdens in the upcoming 2024-25 budget, warning that additional taxes could severely cripple the already struggling SME sector.

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FBR Building 02

FBR Proposes Major Penalty Hikes for Sales Tax Violations

May 29, 2024May 29, 2024Shahnawaz Akhter

PkRevenue.com – In a bold move aimed at bolstering tax compliance, the Federal Board of Revenue (FBR) has proposed an unprecedented escalation in penalties for violations of sales tax regulations.

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FED on cigarettes

Health Experts Recommend 40% Increase in Tobacco Tax

May 29, 2024May 29, 2024Mrs. Anjum Shahnawaz

Pkrevenue.com – Health experts have urged the Federal Board of Revenue (FBR) to implement a 40% increase in tobacco taxes in the budget for the fiscal year 2024-25. This proposal aims to reduce tobacco consumption, enhance government revenue, and address the significant health costs associated with smoking.

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pakistan customs

FBR Aims to Generate Rs 205 Billion Additional Trade Tax in FY25

May 29, 2024May 29, 2024Mrs. Anjum Shahnawaz

PkRevenue.com – The Federal Board of Revenue (FBR) of Pakistan is gearing up to generate an additional Rs 205 billion through trade taxes in the fiscal year 2024-25. This target represents a 9 percent increase over the projected trade tax collection of Rs 1.09 trillion for the current fiscal year, 2023-24.

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FBR logo

FBR Proposes Tax on Govt. Securities Sold Before Maturity

May 28, 2024May 28, 2024Shahnawaz Akhter

(PkRevenue.com) – In a bid to curb revenue leakage and enhance the documentation of financial transactions, the Federal Board of Revenue (FBR) has proposed imposing a withholding tax on government securities sold before their maturity. This proposal is part of the FBR’s budget recommendations for the fiscal year 2024-25.

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