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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. Capital gains on foreign held immovable properties will be taxed at the standard rate ...
The period from July 1 to June 30 is considered as a normal tax year for Pakistan tax law purposes. Income tax: ... 2022-23 7163.8 2023-24 9285 ... Tax incentives ...
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.
Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax ...
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 Ministry of Housing and Works (Urdu: وزارتِ عمل و اقامت کاری, wazarat-e- amal o Iqamat kaari) is a cabinet level ministry of the Government of Pakistan headed by the Minister for Housing and Works, who must be an elected member of the Parliament of Pakistan.
2021–2022› 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 ]
Housing in Pakistan has always been insufficient due to a growing population (which is 241.49 million as per the 2023 Pakistani Census) [2] and accelerated by urbanisation combined with the housing problem being low-priority in the eyes of the government. [1] [3] Housing is an important element of real estate in Pakistan.