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Category: Budget

This is parent category of budget presented by Pakistan government. Here you will find year-wise federal and provincial budgets.

Senate of Pakistan

Senate Estimates Budget Measures to Fuel Inflation by 10%

June 23, 2024June 23, 2024Mrs. Anjum Shahnawaz

ISLAMABAD, June 22, 2024 – The Senate Standing Committee on Finance has projected that the 2024-25 budget measures will lead to a 10 percent inflation increase next year. This estimation was presented by the committee chairman, Senator Saleem Mandviwalla, during a Saturday meeting that sharply criticized new tax proposals on essential goods. In his remarks, […]

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mobile phones towers

Telecom Operators Fight Proposed Fines and Taxes

June 23, 2024June 23, 2024Hamza Shahnawaz

Islamabad, June 23, 2024 – The Telecom Operators Association is locked in a battle against proposed penalties and tax measures outlined in the recently unveiled Finance Bill 2024-25.

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Salt Manufacturers

SMAP Roils Over Proposed Tax Regime Shift in Pakistan

June 23, 2024June 23, 2024Faisal Shahnawaz

Karachi, June 23, 2024 – The Salt Manufacturers Association of Pakistan (SMAP) has become the latest industry group to voice strong opposition to a key provision in the recently unveiled federal budget.

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PBC Proposals

Education and Healthcare Sectors Fight for Tax Breaks in Pakistan

June 22, 2024June 22, 2024Shahnawaz Akhter

Islamabad, Pakistan – June 22, 2024 – Pakistan’s education and healthcare sectors are locked in a battle to preserve vital tax breaks proposed for elimination in the recently unveiled Finance Bill 2024.

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Federation of Pakistan Chambers

Anomaly Committee Calls for Review of New Exporters Tax Regime

June 21, 2024June 21, 2024Shahnawaz Akhter

Karachi, Pakistan – June 21, 2024 – Pakistan’s business community is calling for a reevaluation of a key provision in the recently unveiled Finance Bill 2024. The proposed change, a shift from a fixed tax regime for exporters to a regular tax system, has raised concerns and prompted a high-level meeting at the Federation of […]

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port activity

Exporters in Scramble to Avoid Tax Regime Shakeup

June 21, 2024June 21, 2024Shahnawaz Akhter

Islamabad, June 21, 2024 – Pakistan’s export sector is in a state of flux as exporters scramble to negotiate a way out of the proposed changes to their tax regime outlined in the Finance Bill 2024.

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FBR Building 02

FBR Officials Authorized Best Judgement Assessment in Sales Tax

June 21, 2024June 21, 2024Shahnawaz Akhter

ISLAMABAD, June 21, 2024 — In a significant move to streamline tax administration and compliance, the Federal Board of Revenue (FBR) officials have been granted the authority to make best judgement assessments in sales tax cases.

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FBR Building 02

Salaried Class Up in Arms Over Tax Hike in Finance Bill 2024

June 21, 2024June 21, 2024Shahnawaz Akhter

Pakistan’s salaried class has erupted in protest against the proposed tax hikes outlined in the recently unveiled Finance Bill 2024. The Salaried Class Alliance, a representative body for salaried workers, has submitted a scathing critique to the newly formed FBR technical anomaly committee.

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PBC Proposals

Finance Bill 2024 Enlarges Scope of Sales Tax Fraud Definition

June 19, 2024June 19, 2024Shahnawaz Akhter

Islamabad, Pakistan (June 19, 2024) — The Finance Bill 2024 has proposed significant changes to the definition of sales tax fraud, expanding its scope to encompass a wider array of activities.

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Tax Budget

Finance Bill 2024 Revamps Sales Tax Audit

June 19, 2024June 19, 2024Shahnawaz Akhter

In a significant overhaul of the sales tax audit process, the Finance Bill 2024 proposes a complete revamp of Section 25 of the Sales Tax Act 1990.

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