The federal government has proposed giving tax exemption to Non-Profit Organizations (NPOs), including Karandaaz Pakistan. According to the Finance Bill… Read More
Govt Should Withdraw Proposed Property Tax in Budget 2022-23: RCCI
The Rawalpindi Chamber of Commerce and Industry (RCCI) has demanded that the government withdraw the property tax imposed in the… Read More
Non-resident Pakistanis Involved in Financial Transactions Will Now Have to Pay Income Tax
It has been proposed that non-resident persons in Pakistan without a Permanent Establishment (PE) who are deriving income in the… Read More
Govt Allocates Rs. 1.31 Billion for By-elections in Next Fiscal Year
The federal government has allocated Rs. 1.31 billion for the conducting of by-elections in the next fiscal year. According to… Read More
VCs Demand 60% Higher Budget for HEC in FY 2022-23
Vice-Chancellors (VCs) of all public sector universities have demanded additional funding for the higher education sector in the annual budget… Read More
Govt Cuts Education Budget by 1.5%
The government has earmarked Rs. 90.556 billion for Education Affairs and Services in the federal budget for 2022-23 against the… Read More
Rs. 750 Billion Petroleum Levy Target Could Make Petrol and Diesel Costlier
The federal government has set a target to collect Rs. 750 billion on account of the petroleum development levy in… Read More
Debt Servicing to Swallow 42% of Total Budget
Pakistan will spend approximately Rs. 3.950 trillion on debt servicing, including interest payments and retiring its principal amounts, during the… Read More
Govt Sets Tax Revenue Target of Rs. 7,004 Billion with New Measures
The government has set a target of Rs. 7,004 billion to be collected by the Federal Board of Revenue (FBR) as… Read More
Govt Allocates Rs. 699 Billion for Subsidies in Budget 2022-23
The government has proposed to allocate Rs. 699 billion for giving subsidies to different sectors for providing relief to the… Read More
Govt Proposes Fixed Tax on Small Retailers Through Electricity Bills
A new Fixed Income and Sales Tax system has been proposed for the small retailers. In the budget 2022–23 presentation,… Read More
All New Schemes For IT Sector Dropped Due to Non-Availability of Funds
The Federal Government has dropped all new schemes for the IT sector due to financial constraints. According to documents available… Read More