ISLAMABAD: In an effort to address the growing strain on the national budget caused by pension obligations, Finance Minister of Pakistan Ishaq Dar Saturday announced a series of pension reforms, including the establishment of a Pension Fund and the abolishment of multiple pensions for officers of grade 17 and above.
(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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FBR Given 31% Higher Tax Collection Target for FY24
ISLAMABAD: The Federal Board of Revenue (FBR) has been tasked with a 31 percent higher tax collection target for the fiscal year 2023-24, surpassing the target set for the outgoing fiscal year.
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Pakistan imposes additional tax burden of Rs215 billion to secure IMF loan program
ISLAMABAD: In order to overcome the impasse in securing a loan program from the International Monetary Fund (IMF), Pakistan has imposed an additional tax burden of Rs215 billion on its citizens.
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FPCCI Raises Anomalies in Proposed Amendments to Customs Laws
Karachi, June 24, 2023: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced concerns over anomalies in the proposed amendments to the Customs Act of 1969, as outlined in the Finance Bill of 2023.
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Ishaq Dar Assures FPCCI of Resolving Anomalies in Budget 2023-24
Karachi, June 22, 2023 – Finance Minister Ishaq Dar has assured the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the apex trade body of Pakistan, that anomalies in the budget for the fiscal year 2023-24 will be addressed, according to a statement released on Thursday.
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Government Announces 18% Increase in EOBI Pension
Islamabad, June 21, 2023: In a significant move aimed at improving the financial well-being of government employees, the government of Pakistan has announced an 18% increase in the pension for pensioners of the Employees Old-Age Benefit Institution (EOBI).
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Karachi Chamber Urges Restoration of Zero-Rating for Textile Industry
Karachi, June 20, 2023: Amidst economic instability, foreign exchange crisis, and declining exports, the Karachi Chamber of Commerce and Industry (KCCI) has called on the government to reinstate the zero-rating facility to support the survival of five export sectors during liquidity crunch periods.
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Tax Concession to Retailers Termed as Politically Motivated
Karachi, June 18, 2023 – The tax concession provided to retailers and jewelers through the Finance Bill, 2023 has come under scrutiny, with critics arguing that it is aimed at appeasing certain political groups in light of the upcoming general elections.
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FPCCI Urges Immediate Resolution to Anomalies in Budget 2023-24
Karachi, June 17, 2023: The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, has called upon the government to promptly address the anomalies present in the recently announced Budget 2023-24.
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Pakistan Responds to IMF Concerns: Addressing Budget 2023-24 Issues
In response to concerns raised by the International Monetary Fund (IMF) regarding Pakistan’s budget for the fiscal year 2023-24, the country’s finance minister issued a statement on Friday, addressing the issues raised and reaffirming Pakistan’s commitment to the IMF program.
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