Pakistan may introduce a mini budget as the Federal Board of Revenue (FBR) struggles to meet its tax collection targets. The FBR needs to collect Rs 2,654 billion in taxes for the first quarter of the fiscal year 2024-25, with Rs 1,190 billion required in September 2024 alone. IMF Pressure If the FBR fails to […]Read More
ISLAMABAD: Ahead of federal government’s move to introduce mini budget in the parliament today, the Federal Board of Revenue (FBR) has increased federal excise duty on sales of cigarettes. Usually, the sales tax and excise measures are applicable from the next day of the assent given by the president. The tariff rationalization can be done […]Read More
ISLAMABAD: Federal government is all set to present mini budget today after the federal cabinet yesterday approved the Finance Supplementary Bill 2023 providing for a 1% increase in general sales tax and additional taxes on luxury items as part of the reforms related to the International Monetary Fund’s Ninth Review. This came after President Arif […]Read More
LAHORE: Federal Board of Revenue (FBR) will eliminate the zero-rating tax regime completely by 2023-24 as it has already abolished that from a number of sectors during the last budget and it will further remove many in the next budget. Alongside, the rationalization of sales tax will also launched with abolishing the zero-rating system. So […]Read More
LAHORE: Jamaat-e-Islami (JI) has announced launching countrywide sit-ins and protest movements for withdrawing the ‘anti-people’ mini-budget. “We will hold 100 sit-ins in all major cities before staging the final sit-in in Islamabad,” announced JI ameer Sirajul while addressing a press conference at Mansoorah here on Tuesday. The Schedule of the movement shall be announced soon […]Read More
For more info: Politics and Education news in 1 MinuteRead More
For more info: Politics and Education news in 1 MinuteRead More
For more info: Politics and Education news in 1 MinuteRead More
For more info: Politics and Education news in 1 MinuteRead More
ISLAMABAD: In the wake of increasing difficulties on the political front, the government has withdrawn for the time being the mini-budget encompassing Tax Laws (Fourth) Amendment Bill, from the federal cabinet and decided to hold further consultations with Prime Minister Imran Khan for devising a fresh strategy. The unveiling of the mini-budget has proven to […]Read More
© 2023, ASFE World TV. All Rights Reserved.