Karachi, June 15, 2024 – A seminar hosted by the Karachi Tax Bar Association (KTBA) on Saturday saw prominent tax specialists and a representative from the Federal Board of Revenue (FBR) dissect the recently unveiled budget for the 2024-25 fiscal year.
(more…)Category: Budget
This is parent category of budgets presented by Pakistan government. Here you will find year-wise federal and provincial budgets.
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Pakistan Budget 2024-25: A Template of IMF, Says KCCI
The Karachi Chamber of Commerce and Industry (KCCI) has expressed severe discontent with Pakistan’s Federal Budget for 2024-25, describing it as a template of the International Monetary Fund (IMF).
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Finance Bill 2024 Unveils Changes to Capital Gains Tax Regime
The recently introduced Finance Bill 2024 brings significant alterations to Pakistan’s capital gains tax regime, applicable from July 1, 2024. Let’s delve into the key updates for both individuals and businesses.
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Budget 2024-25 Focuses on Generating High Tax Revenue: KPMG
Karachi, June 15, 2024 – The budget for the fiscal year 2024-25 has drawn criticism from experts for its emphasis on generating higher tax revenue rather than broadening the tax base.
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Finance Bill 2024 Unveils Enhanced Tax Rates for Phone Users
Islamabad, June 15, 2024 – The Finance Bill 2024 has introduced higher withholding tax rates for users of telephone and internet services, effective from July 1, 2024. This change aims to enhance tax compliance and revenue collection by the Federal Board of Revenue (FBR).
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Finance Bill 2024 Resolves Super Tax Application Dispute
Karachi, June 15, 2024 – The Finance Bill 2024 has addressed a longstanding dispute regarding the application of super tax, providing much-needed clarity for businesses, according to tax experts.
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Sindh Raises Sales Tax to 15% in Bold 2024-25 Budget Move
Karachi, June 14, 2024 – The Sindh government announced the provincial budget for 2024-25 on Friday, revealing an increase in the sales tax rate from 13% to 15%.
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Sindh Employees Get 30% Salary Raise in 2024-25 Budget
Karachi, June 14, 2024 – The Sindh government announced substantial salary increases for its employees in the 2024-25 provincial budget. Chief Minister Syed Murad Ali Shah, presenting the budget on Friday, revealed a 30 percent salary hike for employees in BPS-1 to BPS-6, 25 percent for those in BPS-7 to BPS-16, and 22 percent for employees in BPS-17 and above. Additionally, a 15 percent increase in pensions for retired employees is included.
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Sindh Presents Rs 3.056 Trillion 2024-25 Budget
Karachi, June 14, 2024 – Sindh Chief Minister Syed Murad Ali Shah presented the province’s budget for the fiscal year 2024-25, amounting to Rs 3.056.27 trillion.
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KATI Levels Scathing Critique 2024-25 Budget
The Korangi Association of Trade and Industry (KATI) has launched a scathing attack on the recently unveiled budget 2024-25, accusing the government of a blatant disregard for the nation’s industrial sector.
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