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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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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Sindh Presents Rs 3.056 Trillion 2024-25 Budget
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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Check Tax Hike for Your Salary Income in Budget 2024-25
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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Punjab Presents Rs 5.4 Trillion Tax-Free 2024-25 Budget
LAHORE, June 13, 2024 – Punjab Finance Minister Mujtaba Shuja-ur-Rehman presented the provincial budget for the financial year 2024-25 in the assembly session on Thursday.
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Economy Unsustainable at Single-Digit Tax Ratio: Aurangzeb
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, reiterated the pressing need for digitization and broadening the tax base, emphasizing that a tax to GDP ratio below 10 percent is unsustainable for managing Pakistan’s economy.
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Pakistan Stocks Soar with Record Single-Day Gain of 3,411 Points
Karachi, June 13, 2024 – In a historic trading session, Pakistan stocks surged by a record-breaking 3,411 points on Thursday, propelling the benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) to an all-time high of 76,208 points.
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Incomplete Tax Return to Attract Fine and Imprisonment: FBR
The Federal Board of Revenue (FBR) has announced that filing an incomplete income tax return could lead to severe penalties, including a fine and up to one year of imprisonment.
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Income Tax Rates for Salaried and Business Persons Enhanced
Islamabad, June 12, 2024 –Pakistan has increased tax rates for both salaried and business individuals in the newly presented budget for the fiscal year 2024-25.
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Aurangzeb Presents Tax-Heavy and Deficit-Laden 2024-25 Budget
Senator Muhammad Aurangzeb, the Minister for Finance and Revenue, unfolded the details of the Rs 18.877 trillion federal budget for the fiscal year 2024-25 in a session of the National Assembly on Wednesday.
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Pakistan Increases Salaries by 25% in 2024-25 Budget
In a move aimed at alleviating financial burdens on government employees amidst rising inflation, the government of Pakistan announced a significant increase in salaries as part of the fiscal year 2024-25 budget presented on Wednesday.
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