Pakistan Considers Pension Tax in 2024-25 Budget
Karachi (PkRevenue.com) – In a strategic move to bolster its revenue, Pakistan is poised to introduce a pension tax in the upcoming 2024-25 budget.
Karachi (PkRevenue.com) – In a strategic move to bolster its revenue, Pakistan is poised to introduce a pension tax in the upcoming 2024-25 budget.
Islamabad, May 7, 2024 – Minister for Law and Justice Azam Nazeer Tarar announced on Tuesday that the government is poised to introduce comprehensive pension reforms.
Karachi, March 20, 2024 – The National Bank of Pakistan (NBP) faced a setback as it lost a crucial petition filed in court regarding pension dues. The court ruling mandates NBP to disburse pensions to 11,500 retired employees, allocating Rs 60 billion for this purpose within a month.
Islamabad, September 8, 2023 – In a move aimed at improving the financial well-being of retired citizens, the federal government announced on Friday a significant increase of 17 percent in the pension provided by the Employees Old Age Benefits Institution (EOBI), raising it to Rs 10,000.
Karachi, July 13, 2023 – The Federal Board of Revenue (FBR) has announced an extension of income tax exemption totaling Rs12.24 billion on pensions disbursed to civil servants and military personnel.
Karachi, July 11, 2023 – In a move to provide relief to retired civil servants, the Sindh government has officially sanctioned a 17.5 percent increase in net pension, effective from July 1, 2023. This increase will apply to all civil pensioners across the province until further notice.
Islamabad, July 6, 2023 – The government of Pakistan has taken a significant step towards improving the welfare of retired individuals by announcing a substantial increment in the minimum pension.
In a significant development, the Finance Division has issued a notification on Wednesday, July 5, 2023, announcing a substantial increase in the pension of government employees.
ISLAMABAD: In an effort to address the growing strain on the national budget caused by pension obligations, Finance Minister of Pakistan Ishaq Dar Saturday announced a series of pension reforms, including the establishment of a Pension Fund and the abolishment of multiple pensions for officers of grade 17 and above.
Islamabad, June 21, 2023: In a significant move aimed at improving the financial well-being of government employees, the government of Pakistan has announced an 18% increase in the pension for pensioners of the Employees Old-Age Benefit Institution (EOBI).