Category: Federal Budget 2021

Explanatory Notes Complete Edition 2022 Explanatory Notes Complete Edition 2022

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 2020-21. The proposed defence allocations…

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 Board of Revenue (FBR) estimates…

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 the power sector, the allocation…

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 in its Federal Budget 2021/22…

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 government proposed to reduce sales…

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 Finance Bill, 2021, the threshold…

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 on floor of the house,…

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 of 15 percent. According to…

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 counter-smuggling measures. It may be…

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 water distribution, road infrastructure, special…

KARACHI: The sale of goods through online market place is proposed to be brought into the sales tax net by deeming the online market place as supplier in respect of…

1.      Reduction in rate of capital gains tax on disposal of securities from 15%  to 12.5%, reveal budget documents.   2.     Defence spending to be Rs1.37 trillion in the upcoming…

KARACHI: Federal Budget FY22 has proposed reduction/exemption of Customs Duty (CD), Additional Customs Duty (ACD) and Regulatory Duty (RD) on import of goods falling under 589 PCT codes to incentivize…

ISLAMABAD: Non-elected technocrat third Finance Minister in three year rule of Pakistan Tehreek-e-Insaf government presented budget for the Fiscal Year 2021-22 here on Friday. The total out lay was of…

KARACHI: Finance Minister Shaukat Tarin has announced that there was no new tax being imposed on the salaried class in the federal budget FY2021-22. He added that in order to…

KARACHI: The passage of budget is becoming a nightmare for the Pakistan Tehrik-e-Insaaf (PTI) government as more allies are showing discord with the major coalition partner. Prime Minister Imran Khan’s…

Federal Budget 2020-2021 is the most unrealistic document based on pure assumptions, without any calculation or working which can be authenticated or legitimized. It seems as it was necessary to…

Karachi: Members of PSX Stockbrokers Association (PSA) and other participants of Capital Market are dismayed over the neglect of the Capital Market by the Federal Government in the budget for…

Karachi: Members of PSX Stockbrokers Association (PSA) and other participants of Capital Market are dismayed over the neglect of the Capital Market by the Federal Government in the budget for…