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…
‘2 judges of the Panama Lakes Bench became Chief Justice, but they did nothing’ Amir-e-Jamaat-e-Islami Pakistan Sirajul Haque says that all the cases of people who come to the government are closed, 2 judges of the Panama Lakes bench became the Chief Justice but they did nothing. setTimeout(function(){ !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window,document,’script’,…
—File photo The budget of 14 thousand 500 billion rupees for the new financial year will be presented in the National Assembly today, Geonews has obtained the budget document. According to the budget document, the national development budget will be 2709 billion rupees, the federal development budget has been allocated 1150 billion rupees, the development…
File photo In the new budget, it has been decided to build 250 mini sports complexes in the country next year. The document issued in this regard stated that the project of construction of 250 mini sports complexes will cost 12 billion rupees, the federation and the provinces will spend fifty percent of the funds….
—File photo The US dollar, which had appreciated yesterday, has depreciated in early trading this morning. 286 rupees became 65 paise after the dollar became cheaper by 16 paise in interbank. Yesterday, the dollar closed at 286 rupees 81 paise in the interbank. Business trend is positive in Pakistan Stock Exchange today. Pakistan Stock Exchange…
File photo Experts are continuing to give opinions on the federal budget presented today. Tax expert Zeeshan Merchant has said that we have not achieved the tax target for this year? What new tax you are collecting from the non-filer is not in the system. Zeeshan Merchant says that until these sectors are brought into…
File photo Federal Information Minister Maryam Aurangzeb has said that 5 e-framework will prove to be a game changer for economic development in Pakistan. In a statement issued on social media, Maryam Aurangzeb said that exports, e-Pakistan, water and food security, environment, energy and equity are the pillars of turn-around Pakistan. The Federal Minister said…
—File photo The federal government has decided to introduce important laws with the budget of the current fiscal year 2023-24. According to sources, the government has decided to legislate to punish hoarding of dollars and other currencies. There will be legislation to make hoarding of foreign currency punishable by imprisonment and fine. The new law…
Islamabad: The federal government has decided in principle to set the target of tax collections at 9200 billion rupees and non-tax revenue at 2800 billion rupees in the federal budget of the upcoming fiscal year 2023-24. According to the sources, to meet the target of tax collection in the budget, new taxes of two hundred…
