Karachi, May 26, 2024 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended the abolition of the windfall profit tax on banks in its proposals for the Budget 2024-25.
(more…)Category: Budget 2024-25
-
Foreign Investors Urge Beverage Industry Protection in Pakistan
Karachi, May 26, 2024 – Foreign investors operating in Pakistan have called for the protection of the beverage industry and demanded a level playing field comparable to other sectors within the food industry.
(more…) -
OICCI Advises Pakistan Avoid Further Increase in Cigarette Taxes
Karachi, May 26, 2024 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has advised Pakistan to avoid further increases in taxes on cigarettes.
(more…) -
PBC Demands Transparent Fixation of Import Trade Price
Karachi, May 26, 2024 – The Pakistan Business Council (PBC) has called on authorities to ensure a transparent system for fixing import trade prices. In its proposals for the upcoming Budget 2024-25, the PBC highlighted that commercial importers are undermining the domestic industry through widespread under-invoicing and dumping of imported products.
(more…) -
FBR Proposes Eliminating CGT Relief on Immovable Property
Islamabad, May 25, 2024 – The Federal Board of Revenue (FBR) has proposed the elimination of capital gains tax (CGT) relief on the sale of immovable property.
(more…) -
FBR Proposes Capital Gains Tax Levy on Used Cars Sale
Islamabad, May 25, 2024 – In a significant move poised to impact the automotive market, the Federal Board of Revenue (FBR) has proposed the introduction of a capital gains tax (CGT) on the sale of used cars.
(more…) -
PM Shehbaz Rejects Carbon Tax Proposal in 2024-25 Budget
In a decisive move, Prime Minister Shehbaz Sharif has dismissed the Federal Board of Revenue’s (FBR) proposal to implement a carbon tax in the forthcoming 2024-25 budget.
(more…) -
Khyber Pakhtunkhwa Proposes 10% Salary Increase
Peshawar, May 24, 2024 – The Khyber Pakhtunkhwa government on Friday announced a significant 10% hike in the salaries of public servants.
(more…) -
PBC Urges Rectification of Tax Anomalies in Services Sector
Karachi, May 24, 2024 – The Pakistan Business Council (PBC) has urged authorities to address and rectify tax anomalies in the services sector through amendments in the forthcoming budget for the fiscal year 2024-25.
(more…) -
Fruit Juice Council Demands Removal of 20% FED in Budget
Karachi, May 23, 2024 – The Fruit Juice Council (FJC) has urgently appealed to the Federal Board of Revenue (FBR) for the elimination of the 20% Federal Excise Duty (FED) in the forthcoming budget for 2024-25.
(more…)