The govt set a target to collect over Rs3.80 trillion tax by the end of FY25.
Tax evaders have been barred from travelling abroad
The government is also mulling amending Section 114B of the Income Tax Ordinance, 2001.
The proposed allocation for the armed forces is set at 1.7 percent of GDP.
The minister congratulated the Minister for Information and Broadcasting Attaullah Tarar and his team for their contribution to the relaunch of the scheme.
Considering this, he said, the minimum tax slab will remain the same at Rs600,000 (annual income) and the maximum tax slab will also remain unchanged.
The 18 percent sales tax would be applied to mobile phones, copper, coal, paper, and plastic scrap.
Muhammad Aurangzeb is presenting Pakistan’s budget for the fiscal year 2024-25 with a total outlay of Rs18 trillion.
The session is being chaired by Speaker Ayaz Sadiq, with Prime Minister Shehbaz Sharif also in attendance.
The total public debt was recorded at Rs67.53 trillion.
The total public debt was recorded at Rs67.53 trillion.
Authorities raised the GST rate from 17 per cent to 18 per cent to generate additional revenue
The meeting will approve the decisions taken by the Economic Coordination Committee.
The NEC approved development projects for all four provinces worth Rs2.095 trillion
Government officials are seeking relaxation from Chinese banks.
The government adjusts the prices of petroleum products every 15 days
Base tariff increased to Rs44.69 from the previous Rs34 per unit.
This adjustment comes as part of April's monthly fuel adjustment, according to a notification issued by the authority.
Asia's biggest cattle market has been set up at Northern Bypass in Karachi.
The federal government will present the fiscal year budget 2024-25 this week.
ADB’s assistance will support Pakistan’s reforms that will increase the strength of PPP
Only 16 percent Pakistanis are satisfied with the economic condition.
This is the lowest reading in 30 months and below the finance ministry’s projections.
Over 1,000 people from across the country participated in the survey.
PM Shehbaz rejected the recommendation to hike tariffs for protected consumers
Chairman of the LPG Distributors Association Irfan Khokhar confirmed the news and said the price of LPG per kg was reduced from Rs250 rupees to Rs180.
Public holiday was announced by Prime Minister Shehbaz Sharif.
HEC had requested Rs126 billion from the Ministry of Finance.
The government adjusts the prices of petroleum products every 15 days
The day of Eid-ul-Adha is expected to fall on June 17 in the country.
