In a move set to impact the construction industry, the incumbent government announced a significant increase in the Federal Excise… Read More
Government Raises Minimum Wage to Rs. 37,000 in New Finance Bill
The Government of Pakistan has proposed an increase in the minimum wage from Rs. 32,000 to Rs. 36,000, as part… Read More
Govt Proposes to Increase Tax Rate on Capital Gains From Mutual Funds to 15%
The federal government has proposed a 15 percent tax rate on individuals who invest through mutual funds, reliable sources told… Read More
Full Budget 2024-25 Speech in Urdu
Finance Minister Muhammad Aurangzeb is currently presenting the federal budget 2024-25 in parliament today. Here’s the full budget speech. Note:… Read More
Govt to Increase Pensions by 15%
The federal government has proposed to increase the pensions of federal government employees by 15 percent, Finance Minister Muhammad Aurangzeb… Read More
Govt Likely to End Exemption for AOPs on Filing Income Tax Returns
The government is considering a proposal that all Association of persons (AOPs), irrespective of their income, may be required to… Read More
FBR Likely to Get Power to Notify Minimum Value of Import Goods for Income Tax Collection
The federal government is considering a proposal to empower the Federal Board of Revenue (FBR) to notify the minimum value… Read More
Govt Likely to Impose 29% Income Tax Rate on Exporters
The federal government has proposed to increase the income tax rate for exporters by 1 percent on export proceeds, sources… Read More
Tax Rate on Imported LPG May Rise to 18%
The federal government has proposed to increase the sales tax rate on imported liquefied petroleum gas (LPG) from 10 percent… Read More
Budget 2024-25 Increases Capital Gains Tax on Real Estate to a Minimum of 15%
The 2024-25 budget has introduced significant changes to the taxation regime for capital gains, particularly affecting immovable property such as… Read More
Govt Reduces Tax Benefit for Educational Institutes in Budget 2024-25
The federal government has proposed to restrict tax credit to 80 percent for educational institutions which are non-profit organizations (NPOs)… Read More
Budget Latest: Govt Likely to Impose 5% Sales Tax on Petroleum Products
Petrol, diesel and other fuel categories are expected to get more expensive as the federal government has proposed a 5… Read More
