The federal government has decided to withdraw exemptions given to Ex-FATA/PATA.
Finance Minister Muhammad Aurangzeb announced in his budget speech on Wednesday that back in 2018 newly merged districts were given tax exemptions for five years.
The exemptions ended on June 30, 2023, but were extended by one year.
The exemptions will now gradually be ended. However, for residents of newly merged districts, the income tax exemption is proposed to be extended by one year.
For live updates on everything about the Federal Budget, visit this link.
Follow ProPakistani on Google News & scroll through your favourite content faster!
Support independent journalism
If you want to join us in our mission to share independent, global journalism to the world, we’d love to have you on our side. If you can, please support us on a monthly basis. It takes less than a minute to set up, and you can rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.
