Pakistan Customs, Tax, Shipping & Business News Resource
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: 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…