ISLAMABAD: Pakistan on Wednesday presented a mini budget at the National Assembly in order to comply with the conditions of International Monetary Fund (IMF).
ISLAMABAD: The federal cabinet on Tuesday approved the Finance Supplementary Bill 2023 allowing increase in general sales tax to 18 per cent and additional taxes on luxury items as part of the reforms related to the International Monetary Fund’s Ninth Review.
In order to comply with IMF conditions, Pakistan government will present a supplementary finance bill or mini budget before the parliament (today) on February 15, 2023 for the approval.
Pakistan is gearing up to announce a mini budget that aims to generate an additional Rs200 billion in revenue.
ISLAMABAD: The government will present a mini budget in coming days before the parliament for approval to comply with generating additional tax revenue.
ISLAMABAD: The federal government has proposed enhancement in federal excise duty (FED) on imported and locally assembled vehicles through mini-budget. The government on December 30, 2021 presented Finance (Supplementary) Bill, 2021 to take tax measures to generate additional revenue for improve fiscal situation of the country. One of the major revenue measure is increasing the […]
KARACHI: Ismail Suttar, Chairman, Salt Manufacturers Association of Pakistan (SMAP) has urged the government not to levy taxes on Iodized salt through mini-budget as the Covid-19 pandemic has already hit the salt export market badly due to rising freight costs and supply chain disruptions. READ MORE: Mini-budget: FBR to generate Rs4.5bn through tax rate increase […]
ISLAMABAD: The government on Wednesday implemented a mini budget through a presidential ordinance making amendments to all duty and tax statutes. The amendments to tax laws namely ‘Tax Laws (Second Amendment) Ordinance, 2019’ have been promulgated through the presidential order. The consultants at Tax Excellence called it mini-budget and highlighted major changes made to Income […]
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has warned the government of mass unemployment and closure of business as a result of any move to introduce mini budget or imposing additional taxes to bridge the fiscal deficit. In a statement on Friday, Acting President of KCCI Khurram Shahzad, while referring to various rumors and […]
On Wednesday, Finance Minister Asad Umar took the floor of the house to present a comprehensive economic reform package aimed at promoting investment and exports in Pakistan.