Budget 2022/2023: Salient features of sales tax
ISLAMABAD: Following are the salient features of amendment made to Sales Tax Act, 1990 through Finance Bill, 2022.
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Tag: Budget 2022-2023
Budget 2022/2023: Salient features of income tax
ISLAMABAD: Following are the salient features of amendment made to Income Tax Ordinance, 2001 through Finance Bill, 2022. REVENUE MEASURE: 1. Increase in tax rate for banks for tax year 2023 onwards from effective 39 per cent to 45 per cent. 2. Increase in tax rate of banking companies on adverse ADR ratio. READ MORE: […]
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Government employees get 15% salary increase
ISLAMABAD: The government on Friday announced a 15 per cent increase in employees of the federal government. Finance Minister Miftah Ismail while presenting budget 2022/2023 announced increase in salary of government employees by 15 per cent. READ MORE: Share of domestic electricity consumption declines The finance minister said that despite the fact that country is […]
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Pakistan allocates Rs800 billion for FY23 PSDP
ISLAMABAD: Pakistan on Friday allocated Rs800 billion for the Public Sector Development Program (PSDP) for fiscal year 2022/2023. The country presented the federal budget 2022/2023, which envisages PSDP worth 800 billion rupees for the next fiscal year. It has been centered on improvement in sectors such as water resources, transport and communication, energy, higher education, […]
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Federal government presents budget 2022-2023
ISLAMABAD: The federal government on Friday announced the budget for fiscal year 2022-2023. The budget looks progressive and provide better relief with a total outlay of Rs9.502 trillion to stabilize the poor economy and reduce the sufferings of oppressed segments of society. The finance minister Miftah Ismail unveiled the budget and discussed of curtailing the […]
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