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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] The same day, a copy of the ...
The corporate income tax rate was 29% for tax year 2019 and onwards, whereas the corporate tax rate is 35% for the banking industry for TY 2019. Alternative Corporate Tax (ACT) in Pakistan applies to all corporate entities and is the higher of 17% of accounting income or the corporate tax liability under the Income Tax Ordinance 2001, including ...
The budget included funding for a number of development initiatives to increase the nation's economic growth rate. The original outlays for the PDSP being estimated at Rs. 2.66 trillion for the development programme, which included a Rs 950 billion federal Public Sector Development Programme (PSDP), that was approved by the Annual Plan Coordination Committee (APCC). [5]
The 2024 standard mileage rate for business use of a vehicle is 67 cents a mile. ... 2025 at 9:00 AM. ... This article originally appeared on Detroit Free Press: IRS mileage rate to know for 2024 ...
Currently, the latest available mileage reimbursement rate is for 2024. Check the IRS's website around the end of the year (December) to find out the coming year's reimbursement rate.
On Dec. 29, the agency announced a bump in the optional standard mileage rate starting Jan. 1, 2023 — which will now be 65.5 cents per mile driven. Taxpayers can use the new rate to calculate ...
The Pakistan Army kills 30 militants in South Waziristan near the Afghan border during an operation. [38] 19 February – 2025 ICC Champions Trophy: The ninth edition of the ICC Champions Trophy commences in Karachi, marking Pakistan's first time hosting an ICC event since 1996. [39]
The standard mileage rate for medical purposes remains at 21 cents per mile in 2025, the same as 2024. The same rate of 21 cents per mile will apply in 2025 for moving purposes for qualified ...