Pakistan is poised to introduce a comprehensive new industrial policy in the upcoming 2024-25 budget, according to Rana Tanveer Hussain, the Federal Minister for Industry and Production.
(more…)Tag: budget proposals
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PBC Proposes Elimination of Minimum Tax for Listed Companies
The Pakistan Business Council (PBC) has put forward a significant proposal aimed at boosting economic activity among listed companies by recommending the abolition of the minimum tax.
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Calls Intensify for FBR to Eliminate CVT on Foreign Assets
In the run-up to the 2024-25 budget, the Federal Board of Revenue (FBR) has been urged to abolish the Capital Value Tax (CVT) on foreign assets to prevent an exodus of business talent and investment from Pakistan.
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FBR Faces Call to Clamp Down on POS Exploitation by Importers
Karachi, May 3, 2024 – The Federal Board of Revenue (FBR) has been urged to intensify its efforts to curb the exploitation of the Point of Sale (POS) system by importers who are reportedly misusing the facility to enjoy unfairly reduced tax rates.
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PBC Calls for Higher Taxes on Non-Filers in 2024-25 Budget
The Pakistan Business Council (PBC) has proposed sweeping changes in the upcoming 2024-25 budget, urging the Federal Board of Revenue (FBR) to impose aggressively high taxes on non-filers in an effort to combat tax evasion and encourage compliance.
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Pakistan to Present Budget 2024-25 Aiming Relief to Common Men
Pakistan is gearing up to unveil its federal budget for the fiscal year 2024-25, with a primary focus on alleviating the burdens faced by the common populace amidst soaring inflation rates.
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PSX Suggests Tax Rationalization on Dividends to Spur Investment
Karachi, April 5, 2024 – The Pakistan Stock Exchange (PSX) has called upon the government to rationalize tax policies on dividends in the upcoming budget 2024-25, aiming to stimulate investment in the capital market.
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US Companies Advocate Pakistan Tax Reforms in Budget 2024-25
Islamabad, April 5, 2024 – The American Business Council (ABC), representing US companies operating in Pakistan, has emphasized the need for tax reforms in the country through upcoming budget 2024-25 to bolster investor confidence and foster economic growth.
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PSX Proposes Elimination of Minimum Tax for Listed Companies
Karachi, April 3, 2024 – The Pakistan Stock Exchange (PSX) has put forth a bold proposal to abolish the minimum tax regime for listed companies, citing their strong compliance with regulatory requirements.
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PSX Urges Tax Exemption without Sunset Clause to Private Funds
Karachi, March 25, 2024 – The Pakistan Stock Exchange (PSX) urged authorities to provide tax exemption to private funds without the imposition of a sunset clause in the upcoming federal budget 2024-25.
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