The move is expected to impact travel industry and the economy at large.
The government collected Rs960 billion from the petroleum levy.
The Sindh Revenue Board will begin collecting the tax on July 1
The prices of POL were slashed by Rs35 in the last four fortnight reviews.
MNAs accepted demands from different ministries and divisions.
The bidding process for PIA is scheduled to commence in the first week of August. Prime Minister Sharif emphasized the acceleration of the privatization process for PIA and underscored the importance of maintaining transparency throughout.
In the newly proposed Finance Bill 2024, the government has introduced a substantial hike in the maximum petroleum levy, increasing it by Rs20 to reach Rs80 per litre.
The import of cars saw a spike of 269 percent.
Minister said federation has no charity money to give thieves.
The increase in GST was proposed in the budget 2024-25.
The budget of public hospitals will also increase.
Pakistan imported items of $51.61 million from Afghanistan.
The fixed charges will be effective from the new fiscal year.
The committee decided to call Federal Minister Rana Tanveer Hussain to address the issue and explain the rationale behind the tax proposal.
Over 680,000 animals were sacrificed across the country
The sacrifice of animals during Eid-ul-Adha is a sacred tradition in Islam.
The finance minister said that we will have to balance things out, the tax-to-GDP ratio is 9.5%, which is very low, the tax-to-GDP ratio should be 13%.
Th body denied NADRA's access to Parliamentarians record for tax collection.
10-15% decrease in sacrifices would be witnessed this year due to rising inflation.
Average national base tariff, including for the K-Electric, would be Rs35.50 per unit
According to the Finance Bill, the PPP-ruled province plans to impose a Rs250 tax on air tickets for domestic flights and a Rs1,000 tax on air tickets for international flights.
The announcement was made from the PM House.
This significant reduction in costs is expected to provide substantial relief to the industries.
CM Murad announced 15% increase in pensions.
Moody's attributed the increase in estimated revenue to an increase in taxes.
As per the agreement, dairy farmers are required to sell milk at the official price, and any noncompliance will result in action being taken.
Six billion rupees have been allocated for the laptop scheme.
If implemented, these measures aim to strengthen Pakistan’s fiscal framework and boost revenue generation for national development initiatives.
The price of petrol has reduced by $5.14 per barrel in the international market.
People earning Rs600,000 rupees annually are exempted from income tax.
