The increase in GST was proposed in the budget 2024-25.
The budget of public hospitals will also increase.
Pakistan imported items of $51.61 million from Afghanistan.
The fixed charges will be effective from the new fiscal year.
The committee decided to call Federal Minister Rana Tanveer Hussain to address the issue and explain the rationale behind the tax proposal.
Over 680,000 animals were sacrificed across the country
The sacrifice of animals during Eid-ul-Adha is a sacred tradition in Islam.
The finance minister said that we will have to balance things out, the tax-to-GDP ratio is 9.5%, which is very low, the tax-to-GDP ratio should be 13%.
Th body denied NADRA's access to Parliamentarians record for tax collection.
10-15% decrease in sacrifices would be witnessed this year due to rising inflation.
Average national base tariff, including for the K-Electric, would be Rs35.50 per unit
According to the Finance Bill, the PPP-ruled province plans to impose a Rs250 tax on air tickets for domestic flights and a Rs1,000 tax on air tickets for international flights.
The announcement was made from the PM House.
This significant reduction in costs is expected to provide substantial relief to the industries.
CM Murad announced 15% increase in pensions.
Moody's attributed the increase in estimated revenue to an increase in taxes.
As per the agreement, dairy farmers are required to sell milk at the official price, and any noncompliance will result in action being taken.
Six billion rupees have been allocated for the laptop scheme.
If implemented, these measures aim to strengthen Pakistan’s fiscal framework and boost revenue generation for national development initiatives.
The price of petrol has reduced by $5.14 per barrel in the international market.
People earning Rs600,000 rupees annually are exempted from income tax.
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.
