PkRevenue.com – The government on Wednesday unveiled the budget for the fiscal year 2024-25, introducing an enhanced petroleum levy. The maximum rate of this levy has been increased to Rs 80 per liter on various petroleum products.
(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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Retailers to Face Harsh Penalties for Selling Smuggled Cigarettes
In a bid to crack down on the illicit trade of cigarettes, the Federal Budget for the fiscal year 2024-2025 has introduced stringent measures against retailers found selling fake, smuggled, and non-taxpaid cigarettes.
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Aurangzeb Presents Tax-Heavy and Deficit-Laden 2024-25 Budget
Senator Muhammad Aurangzeb, the Minister for Finance and Revenue, unfolded the details of the Rs 18.877 trillion federal budget for the fiscal year 2024-25 in a session of the National Assembly on Wednesday.
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Pakistan Increases Salaries by 25% in 2024-25 Budget
In a move aimed at alleviating financial burdens on government employees amidst rising inflation, the government of Pakistan announced a significant increase in salaries as part of the fiscal year 2024-25 budget presented on Wednesday.
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Pakistan Set to Unveil Rs 18 Trillion Outlay for 2024-25 Budget
PkRevenue.com — Pakistan is poised to present its federal budget for the fiscal year 2024-25 today, with an estimated outlay exceeding Rs 18 trillion.
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REAP Suggests Hassle-Free Tax Payment System
PkRevenue.com – The Rice Exporters Association of Pakistan (REAP) has called on the government to implement a one-window tax system for exports to simplify tax payments and aid exporters.
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Value-Added Textile Exporters Reject Proposed Tax Scrutiny
PkRevenue.com – In a united front against the proposed tax changes in the upcoming budget for 2024-25, the value-added textile exporters have rejected the introduction of a minimum tax regime that includes extensive scrutiny.
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Pakistan to Announce 2024-25 Budget on June 12, 2024
PkRevenue.com – Pakistan announced on Monday that the federal budget for the fiscal year 2024-25 will be presented in the parliament on Wednesday, June 12, 2024.
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Government Aims to Protect Salaried Persons in Budget: Minister
The Minister of State for Finance, Revenue, and Power Division, Ali Pervaiz Malik, announced on Sunday that the upcoming budget is designed to protect the salaried class, particularly those in the lower income bracket.
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ICAP Suggests Tax Exemption on Annual Salary up to Rs 1 Million
PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has put forth a significant proposal for the upcoming budget of 2024-25, suggesting an increase in the income threshold for tax exemption on salaries.
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