Finance Bill 2023 ISLAMABAD: The Finance Bill 2023 carries many amendments that will impact income tax, sales tax, and federal excise duty in the financial year 2023-24. Income Tax Tax …
new budget for 2023-24
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Economy
Acting President Sadiq Sanjrani signs Finance and Election Bills 2023 today
by Hamza Irshadby Hamza IrshadActing President ISLAMABAD: Chairman Senate and acting President Sadiq Sanjrani signed the Finance Bill 2023. He also signed the Election Bill 2023, restricting disqualification to five years only. On Monday, …
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Economy
Stock market investors welcome pro-IMF budget, 100-index gains 1000+ points on Monday
by Hamza Irshadby Hamza IrshadStock market investors ISLAMABAD: Pakistani stock market investors welcomed the pro-IMF budget and the 100-index gained 1000+ points on Monday noon. The market witnessed a bullish sentiment on Monday amid …
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Economy
Complete surrender to IMF as govt raises tax target by Rs215bn in the new budget and cuts Rs85Bn spending
by Hamza Irshadby Hamza IrshadComplete surrender ISLAMABAD: The government has increased the tax collection target to over 9.4 trillion rupees from the proposed target of 9.2 trillion rupees in a bid to please the …
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Economy
IMF finds faults with the new budget to delay the resumption of program in june
by Hamza Irshadby Hamza IrshadIMF finds faults with the new budget ISLAMABAD: The International Monetary Fund (IMF) has observed flaws in the new budget for the fiscal year 2023-24. Through a short text message …
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Economy
Tax regime for smartphones remains unchanged in the 2023-24 budget
by Hamza Irshadby Hamza IrshadTax regime for smartphones ISLAMABAD: The federal government did not change the existing tax regime for smartphones in the next budget for 2023-24, starting from July 1, 2023. Taxes and …
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Economy
Sindh govt announces Rs2.2 trillion budget with 35% raise in pay and 17.5% in pension
by Hamza Irshadby Hamza IrshadSindh Govt announces Rs 2.2 trillion budget KARACHI: Following the strategy of the federal government, Sindh government also announced up to 35 percent raise in salary and 17.5 percent increase …
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Economy
New tax measures to generate Rs900 billion additional revenue in 2023-24
by Hamza Irshadby Hamza IrshadNew Tax Measures ISLAMABAD: The federal government has proposed some new tax measures in the budget which will generate around 900 billion rupees in additional revenue in 2023-24. The federal …
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Economy
Govt takes key decisions to achieve 3.5% growth by boosting various sectors in 2023-24
by Hamza Irshadby Hamza IrshadGovt takes key decisions ISLAMABAD: In the new budget for the fiscal year 2023-24, the federal government has proposed several measures to boost growth in different sectors with the aim …
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Economy
New Budget fulfills the expectations of IMF, says Miftah Ismail
by Hamza Irshadby Hamza IrshadNew Budget fulfills the expectations of the IMF ISLAMABAD: Former PML-N finance minister Miftah Ismail the 2023-24 budget is in line with the International Monetary Fund’s (IMF) demands. He said …