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The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June, 2023 after Finance Minister Ishaq Dar introduced new taxation measures and expenditure cuts. The budget was accepted the next day.
The Excise, Taxation & Narcotics Control Department is a department of Government of Punjab, Pakistan. The Excise, Taxation & Narcotics Control Department collects various taxes and duties and suggests ways and means for additional resource mobilization in the Province. [1] Various type of taxes department collects include: [2] Motor Vehicle Tax
Below is a summary of the applicable sales tax rates in Pakistan: [7] Sales tax on goods: 18%; Sindh Sales tax on services: 15%; Punjab Sales tax on services: 16% [8] Balochistan Sales tax on services: 15%; Khyber Pakhtunkhwa (KPK) Sales tax on services: 15%; Islamabad Capital Territory (Tax on Services): 15% [9]
The Federal Board of Revenue (FBR) (Urdu: وفاقی بورڈ محصولات), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax ...
The vehicle operating tax on cars first registered after January 1, 2005 that have registration certificates with information on total weight, engine volume and engine maximum power, shall be paid by summing up tax rates according to total weight, engine volume and engine maximum power of the car as follows:
General tax rate for banking companies increased from 35% to 45%. A 1% tax on deemed rental income applied to the fair market value of certain immovable properties owned by resident persons in Pakistan. Revised capital gains tax on immovable properties in Pakistan to tax sales of open plots held for less than six years.
The 2024–25 Pakistan Federal Budget is a financial statement of the government's estimated receipts and expenditures for the fiscal year that runs from 1 July 2024 to 30 June 2025. [ 1 ] [ 2 ] On 12 June 2024, finance minister Muhammad Aurangzeb presented the federal budget with a total outlay of Rs18.877 trillion. [ 3 ]
National Bank of Pakistan (NBP) is a Pakistani government-owned multinational commercial bank which is a subsidiary of State Bank of Pakistan. It is headquartered in Karachi, Pakistan . As of December 2022, it has over 1,500 branches across Pakistan .