The Pakistan Business Council (PBC) has put forward a significant proposal aimed at boosting economic activity among listed companies by recommending the abolition of the minimum tax.
(more…)Category: Budget 2024-25
Pakistan Budget 2024–25 outlines key fiscal measures, taxation updates, development allocations, and economic reforms aimed at stabilizing economy.
-
Calls Intensify for FBR to Eliminate CVT on Foreign Assets
In the run-up to the 2024-25 budget, the Federal Board of Revenue (FBR) has been urged to abolish the Capital Value Tax (CVT) on foreign assets to prevent an exodus of business talent and investment from Pakistan.
(more…) -
FBR Faces Call to Clamp Down on POS Exploitation by Importers
Karachi, May 3, 2024 – The Federal Board of Revenue (FBR) has been urged to intensify its efforts to curb the exploitation of the Point of Sale (POS) system by importers who are reportedly misusing the facility to enjoy unfairly reduced tax rates.
(more…) -
PBC Calls for Higher Taxes on Non-Filers in 2024-25 Budget
The Pakistan Business Council (PBC) has proposed sweeping changes in the upcoming 2024-25 budget, urging the Federal Board of Revenue (FBR) to impose aggressively high taxes on non-filers in an effort to combat tax evasion and encourage compliance.
(more…) -
FBR Forms Strategic Policy Cell to Steer Finance Bill 2024
The Federal Board of Revenue (FBR) has announced the formation of a dedicated policy cell tasked with shaping the Finance Bill for the fiscal year 2024-25.
(more…) -
NTC Chairman Promises to Remove Anomalies in 2024-25 Budget
In a significant development aimed at addressing longstanding grievances of the business community over import/export tariffs, anti-dumping duties, and other trade barriers, Chairman of the National Tariff Commission (NTC), Naeem Anwar, has pledged to rectify these issues in the upcoming Federal Budget of 2024-25.
(more…) -
Pakistan to Present Budget 2024-25 Aiming Relief to Common Men
Pakistan is gearing up to unveil its federal budget for the fiscal year 2024-25, with a primary focus on alleviating the burdens faced by the common populace amidst soaring inflation rates.
(more…) -
PSX Brokers Call for Tax Relief to Boost Market Competitiveness
Karachi, April 14, 2024 – Brokers at the Pakistan Stock Exchange (PSX) are making a plea for a more lenient tax framework on brokerage and commission as the country prepares for the 2024-25 budget.
(more…) -
PSX Suggests Tax Rationalization on Dividends to Spur Investment
Karachi, April 5, 2024 – The Pakistan Stock Exchange (PSX) has called upon the government to rationalize tax policies on dividends in the upcoming budget 2024-25, aiming to stimulate investment in the capital market.
(more…) -
US Companies Advocate Pakistan Tax Reforms in Budget 2024-25
Islamabad, April 5, 2024 – The American Business Council (ABC), representing US companies operating in Pakistan, has emphasized the need for tax reforms in the country through upcoming budget 2024-25 to bolster investor confidence and foster economic growth.
(more…)