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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.
Taxation in Pakistan is a complex system of more than 70 unique taxes administered by at least 37 agencies of the Government of Pakistan. [1] According to the FBR, in 2021, the number of registered tax filers had grown to 7.1 million out of which only 2.5 million were active tax filers. [ 2 ]
Pakistan primary surplus target of 0.2% of GDP; Targeted fiscal deficit of 4.9% of GDP; Increased tax on banks and fertilizers; Luxury tax on cars with 1,600cc engine size and above. Tax on real estate transactions to 2% versus 1% for tax-payers; Increased taxes on tobacco companies by a third to 200 billion rupees; Fuel cuts for government ...
Pakistan's government is seen targeting a fiscal deficit of 7.7% of GDP for the 2023-24 fiscal year, a source told Reuters on Friday ahead of the finance minister's budget speech, much wider than ...
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 Pakistan Economic Survey is an annual report on the performance of the economy, focusing in particular on major macroeconomic indicators. Finance Minister Shaukat Tarin briefed on 10 June 2021, the Pakistan Economic Survey 2020-21 at a press conference in Islamabad on Thursday, revealing that the industrial and services sectors had helped the economy rebound and post GDP growth of 3.94 per ...
Pakistan Sovereign Wealth Fund (PSWF) is the sovereign wealth fund of Pakistan that was established by the Pakistani government through the Pakistan Sovereign Wealth Fund Act 2023. The fund manages the assets of profitable state-owned enterprises like Oil and Gas Development Company Limited ( OGDCL ), Pakistan Petroleum Limited ( PPL ), and the ...
The Federal budget 2020–2021 is the federal budget of Pakistan for the fiscal year beginning from 1 July 2020 and ending on 30 June 2021. The budget was presented in the Parliament by the Federal Minister Hammad Azhar. [1]