Chairman Federal Board of Revenue (FBR) Asim Ahmed has said that additional taxes of 200 billion have been imposed in the upcoming budget, of which 175 billion are direct and 25 billion indirect taxes. In the briefing after the federal budget speech, Asim Ahmed said that 170 billion rupees in terms of income tax and…
Finance Minister Ishaq Dar says that permission has been given to open LC on priority basis for import of raw materials. During the budget speech in the National Assembly, Ishaq Dar said that no new tax will be imposed on the industrial sector next year, it has also been proposed to abolish the tax on…
The federal government has provided an amount of 107 billion rupees for the improvement of electricity production, transmission and distribution in the budget of the new financial year. The production capacity of electricity in the country has reached 41 thousand megawatts. In the power sector, an amount of Rs. 12 billion will be provided in…
File photo Finance Minister Senator Ishaq Dar has said that the minimum pension of government employees is being increased from 10,000 to 12,000. During the speech of the Federal Budget 2023-24, the Finance Minister said that the minimum wage in Islamabad Capital Territory (ICT) is being increased to 32 thousand rupees. Ishaq Dar further said…
Ahead of the budget, the price of gold in the country rose sharply. According to All Pakistan Gems and Jewelers Association, the price of gold per tola has increased by Rs 2300 to Rs 2 lakh 29 thousand 300. According to the association, the price of 10 grams of gold increased by 1972 rupees to…
In the budget of the financial year 2023-24, the target of the Federal Bureau of Revenue (FBR) has been set at 9,200 billion rupees. According to the budget document, the total volume of the budget 2023-24 has been allocated 14 thousand 460 billion rupees. According to the document, the tax target of FBR is fixed…
The federal cabinet meeting under the chairmanship of Prime Minister Shahbaz Sharif has started in which the budget of 2023-24 is being approved. Federal ministers are also participating in the budget meeting of the cabinet. According to the sources, in the budget meeting, the Federal Cabinet approved the Federal Development Program (PSDP) worth 1150 billion…
File photo The facts related to the increase in the prices of wheat, bread and bread have been released by the Ministry of Food Punjab and the district administration. In FY 2022-23, the official support prices of wheat have increased significantly. The price of wheat has increased by Rs 2570 per maund, flour by Rs…
File photo The budget recommends zero-rating service sector exports from all provinces. According to sources, the budget proposes to give tax incentives to exports of services. Sources say that for zero rating, sales tax registration will be mandatory and monthly sales tax returns will have to be filed for exports of services. Sources further say…
—File photo Measures to increase IT exports have been included in the federal budget for the upcoming fiscal year 2023-24. According to the budget document, the export of the IT sector has been targeted to increase to 4 billion 50 million dollars. It is proposed to introduce a fixed tax regime in the budget of…
