budget 2020-2021 Archives - Page 6 of 6

Export tariffs, tax slabs may not change in budget: Razak Dawood

May 6, 2020June 5, 2024Faisal Shahnawaz

ISLAMABAD: The government is likely to maintain the current export tariffs and tax slabs in the forthcoming budget, according to Abdul Razak Dawood, Advisor to the Prime Minister on Commerce and Investment.

PSX proposes abolishing capital gains tax for two years

April 30, 2020April 30, 2020Mrs. Anjum Shahnawaz

KARACHI: Pakistan Stock Exchange (PSX) has demanded eliminating Capital Gains Tax (CGT) for up to next two years in order to attract more foreign investment. The PSX in its tax proposals for budget 2020/2021 suggested the Federal Board of Revenue (FBR) to eliminate / reduce CGT for next 24 months or at a minimum align […]

Tax relief package to mitigate COVID-19 shocks under consideration, FBR tells KCCI

April 18, 2020July 5, 2024Mrs. Anjum Shahnawaz

KARACHI: A top official of Federal Board of Revenue (FBR) has informed the office bearers of Karachi Chamber of Commerce and Industry (KCCI) that a tax relief package for business community was under consideration in order to dilute the adverse impact of coronavirus pandemic (COVID-19).

FBR invites sales tax proposals to eliminate flying invoices, tax fraud

February 27, 2020July 13, 2024Mrs. Anjum Shahnawaz

The Federal Board of Revenue (FBR) has issued an invitation to business chambers and associations to submit their sales tax and federal excise proposals for the upcoming budget 2020/2021. The primary aim is to eliminate flying invoices and tax fraud while broadening the tax base and increasing revenue.

FBR asked to suggest measure to eliminate exemptions

February 15, 2020May 22, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: The ministry of finance has asked Federal Board of Revenue (FBR) to suggest measure to eliminate exemptions and concessions. The Finance Division (Budget Wing) of the finance ministry asked the FBR to provide information for development of budget strategy paper 2020-2021 – 2022-2023. The finance division asked the FBR to provide information on the […]

Federal budget 2020/2021 tentative schedule issued for May

January 8, 2020March 9, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: The government is planning to present federal budget 2020/2021 in the cabinet and the parliament in the month of May this year. The finance ministry on Wednesday issued budget call circular for the schedule of budget making process and its presentation in the parliament. The finance ministry has given tentative schedule of presenting the […]

Sindh issues schedule for announcing budget 2020/2021

December 22, 2019March 14, 2021Mrs. Anjum Shahnawaz

KARACHI: Sindh government has announced to present provincial budget for 2020/2021 in first or second week of June 2020. According to schedule issued by Sindh Finance Department the budget for the fiscal year 2021/2020 likely to be presented to the cabinet and the provincial assembly by the finance minister in the first or second week […]

Tag: budget 2020-2021