Pakistan Revenue
This is parent category of budget presented by Pakistan government. Here you will find year-wise federal and provincial budgets.
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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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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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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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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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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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 […]
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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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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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Salaried individuals should brace themselves for significant changes in tax rates as outlined in the Budget 2024-25. The new tax rates for various salary income slabs, set to be effective from July 1, 2024, pending legislative approval, are designed to address economic challenges and augment government revenue.
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The Union of Small and Medium Enterprises (UNISAME) has expressed profound disappointment and disillusionment with the proposed 2024-25 budget, urging Finance Minister Muhammad Aurangzeb to reconsider critical aspects for the sake of the underprivileged majority sector.
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