Federal Budget proposes Rs1.37 trillion defence budget
KARACHI: Government has allocated Rs1.37 trillion defence budget for the fiscal year 2021-22, which is 6.28 percent higher over the estimated allocations for the year… Read more
Category: Business & Finance
Federal Budget FY22 envisages Rs506 billion additional revenue through taxation and enforcement
KARACHI: The Federal Budget FY22 envisages a collection of Rs506 billion in additional revenue through taxation and enforcement measures. According to the proposed budget, Federal… Read more
Government allocates Rs682 billion for subsidies in FY22
KARACHI: Government has earmarked Rs682 billion for subsidies to various sectors for the next fiscal year, up 226.31 percent from Rs209 billion this fiscal. For… Read more
WHT on cash withdrawal, banking transactions to be abolished
KARACHI: Federal budget FY22 has proposed to abolish withholding tax (WHT) on cash withdrawal from the banking system and non-cash banking transfers. The federal government… Read more
FED and sales tax reduced on locally-manufactured small cars
KARACHI: Federal Budget 2021/22 has proposed to abolish the federal excise duty (FED) and reduction in the sales tax on the locally-manufactured small cars. The… Read more
Government to tax non-filer electricity consumers
KARACHI: Federal Budget FY22 has proposed imposition of tax on the domestic electricity consumers who are not on the Active Taxpayers List (ATL). Through the… Read more
Minimum wage increased to Rs20,000/month
KARACHI: Imran Khan led government has announced increase in monthly minimum wage to Rs20,000 from existing Rs17,500. Finance Minister Shaukat Tarin while presenting the budget… Read more
Capital gains tax reduced to 12.5 percent on sale of shares before 12 months
KARACHI: Federal budget FY22 has proposed reduction in tax rate on capital gain tax (CGT) on disposal of securities to 12.5 percent from existing rate… Read more
Federal budget proposes to set up tax-free Border Sustenance Markets
KARACHI: Government has planned to develop Border Sustenance Markets to mitigate the problems faced by the people residing in border areas due to fencing and… Read more
Sector Wise Allocation In Budget 2021-22
Rs260 billion for the Ehsaas programme. Rs900 billion for public sector development programmes, which has been increased by 40%. The amount will be spent on… Read more
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- Norwegian Air Shuttle announces conversion of capital perpetual bonds into shares 11-Jun-2021
