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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.

FBR logo

FBR Unveils Strategy to Achieve Rs 12.97 Trillion Target in 2024-25

June 16, 2024June 16, 2024Shahnawaz Akhter

The Federal Board of Revenue (FBR) is gearing up to achieve an ambitious tax collection target of Rs 12.97 trillion for the fiscal year 2024-25, according to the recently released budget documents.

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FBR Building 02

Senators Reject Hike in Tax Rates for Salaried Class

June 16, 2024June 16, 2024Mrs. Anjum Shahnawaz

In a decisive move, senators have rejected the proposed increase in tax rates for the salaried class in the 2024-25 budget, following a comprehensive review of contributions from various sectors.

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Steel Producers

PALSP Applauds Tax Reforms for Steel Industry in Budget 2024-25

June 16, 2024June 16, 2024Faisal Shahnawaz

The Pakistan Association of Large Steel Producers (PALSP) has lauded the strategic tax reforms introduced in the 2024-25 budget, heralding a significant boost for the steel industry.

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FBR logo

FBR Forms Committees to Resolve Finance Bill 2024 Anomalies

June 16, 2024June 16, 2024Shahnawaz Akhter

Islamabad, June 15, 2024 – The Federal Board of Revenue (FBR) announced the formation of two high-powered committees on Saturday, tasked with identifying and resolving anomalies in the Finance Bill 2024.

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Federation of Pakistan Chambers

FPCCI Raises Concerns Over Ambitious Tax Targets

June 15, 2024June 15, 2024Shahnawaz Akhter

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the apex body representing business chambers across Pakistan, has presented its analysis of the recently unveiled federal budget for the fiscal year 2024-25.

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KTBA Bar

Tax Experts Decry Harsh Budget Measures in KTBA Seminar

June 15, 2024June 15, 2024Shahnawaz Akhter

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.

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KCCI Photo

Pakistan Budget 2024-25: A Template of IMF, Says KCCI

June 15, 2024June 15, 2024Shahnawaz Akhter

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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capital gain tax

Finance Bill 2024 Unveils Changes to Capital Gains Tax Regime

June 15, 2024June 15, 2024Shahnawaz Akhter

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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Pakistan Budget 2024-25

Budget 2024-25 Focuses on Generating High Tax Revenue: KPMG

June 15, 2024June 15, 2024Shahnawaz Akhter

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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mobile phones

Finance Bill 2024 Unveils Enhanced Tax Rates for Phone Users

June 15, 2024June 15, 2024Shahnawaz Akhter

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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  • Pakistan abolishes 18% sales tax on shipping industry
  • Budget 2026-27 sets direction towards growth: Aurangzeb
  • Pakistan Gold Prices Extend Rally as Bullion Gains Rs11,620 in Two Days
  • Victoria Beckham Praises David Beckham After Hollywood Walk of Fame Honour
  • Ryan Reynolds Shares Update After Blake Lively Scores Court Victory
  • Katy Perry Draws Mixed Reactions After FIFA World Cup Opening Ceremony Performance
  • Finance Bill, 2026: Sales tax exemption granted on import or lease of PIACL aircrafts
  • Finance Bill, 2026: Algorithmic settlement mechanism
  • Finance Bill, 2026: Up to Rs5 million penalty for sales tax integration failure
  • FBR gets additional powers for sales tax scrutiny under Finance Bill 2026
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