Budget Archives - Page 48 of 152

National Assembly Passes 2024-25 Budget

June 28, 2024June 28, 2024Shahnawaz Akhter

Islamabad, June 28, 2024 – The National Assembly on Friday approved the budget for fiscal year 2024-25, presented by the ruling Pakistan Muslim League-Nawaz (PML-N).

Exporters Tax Regime in Limbo Amid IMF Negotiations

June 27, 2024June 27, 2024Shahnawaz Akhter

Karachi, June 27, 2024 – The government of Pakistan remains undecided on the implementation of the new normal tax regime for exporters, set to begin on July 1, 2024, amidst considerable opposition from the sector, sources revealed on Thursday.

Budget 2024-25 to Derail Pakistan IT Industry: FPCCI

June 27, 2024June 27, 2024Faisal Shahnawaz

Karachi, June 27, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) expressed strong concerns on Thursday regarding the measures introduced in the Federal Budget 2024-25, warning that these could derail the country’s information technology (IT) industry.

Aurangzeb Declares Major Tax Hike on Retailers Beginning July 1

June 26, 2024June 26, 2024Mrs. Anjum Shahnawaz

Islamabad, June 26, 2024 – In a significant policy shift, Finance Minister Muhammad Aurangzeb announced on Tuesday that heavy taxes on retailers will take effect from July 1, 2024.

FBR Committee Proposes 30% Tax on Non-Filers’ Bank Deposits

June 25, 2024June 25, 2024Mrs. Anjum Shahnawaz

Islamabad: The high-powered budget anomaly committee constituted by the Federal Board of Revenue (FBR) has proposed a 30 percent tax on bank deposits of non-filers.

Budget 2024-25 Will Promote Smuggling: Gohar Tells CEEJ

June 24, 2024June 24, 2024Shahnawaz Akhter

Karachi, June 24, 2024 – Muhammad Hanif Gohar, Former Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and General Secretary of the United Business Group (UBG) Sindh Zone, voiced strong criticism of the 2024-25 federal budget, warning that it would exacerbate smuggling activities rather than bolster the formal economy.