Budget 2022-23 Archives

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

A new Fixed Income and Sales Tax system has been proposed for the small retailers. In the budget 2022–23 presentation,… Read More

The Federal Government has dropped all new schemes for the IT sector due to financial constraints. According to documents available… Read More

The new coalition government has introduced seven slabs of income tax on the salaried class in the country for the… Read More

The government has imposed a 0.25 percent tax on the export proceeds of computer software or IT services through Finance… Read More

Finance Minister Dr. Miftah Ismail presented the Federal Budget in the Parliament House for the fiscal year 2022-23. The total… Read More

Finance Minister Miftah Ismail Friday claimed that tax evasion in the country amounts to Rs. 3,000 billion annually. He made… Read More

The federal government has imposed a 200 percent advance tax on the purchase of cars with engine displacement over 1600cc… Read More

Instead of taking holistic steps to motivate the masses to file their income tax returns, the Finance Ministry has enacted… Read More

The government has proposed significant changes in the tax framework of the capital gain on immovable properties under the federal… Read More

The government has decided to raise the Federal Excise Duty (FED) on telecommunication services from 16 percent to 19.5 percent… Read More

The Annual Plan and macroeconomic framework for FY2022-23 has set a gross domestic product (GDP) target of Rs. 73,385 billion.… Read More