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The 2023–24 Balochistan budget was presented on 19 June 2023, the Finance Minister of Balochistan, Zamrik Achakzai, unveiled a budget of Rs. 750 billion for the fiscal year 2023–24 in the Balochistan Assembly. This tax-free budget has a deficit of Rs49 billion.
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] Customs Duty: Imposed on the import and export of goods. This tax is intended to regulate trade and generate revenue from international transactions.
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 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 ...
Individual Income Tax Slabs [16] Slab Tax Rate New Tax Regime Old Tax Regime 1: NIL ₹0 - ₹3 lakh ₹0 - ₹2.5 lakh 2: 5% ₹3 lakh - ₹7 lakh ₹2.5 lakh - ₹5 lakh 3: 10% ₹7 lakh - ₹10 lakh ₹5 lakh - ₹7.5 lakh 4: 15% ₹10 lakh - ₹12 lakh ₹7.5 lakh - ₹10 lakh 5: 20% ₹12 lakh - ₹15 lakh ₹10 lakh - ₹12.5 lakh 6: 25 ...
A Capital Value Tax of 1% imposed on offshore assets of residents exceeding Rs 100 million, and 5% on vehicles valued above Rs 5 million. Advance tax for nonfiler purchasers of immovable properties raised from 2% to 5%. Adjusted slab rates for salaried individuals to reduce tax impact on lowincome employees and increase it on higher income ...
A Learjet 31A jet of the Government of Balochistan. The Government of Balochistan (Urdu: حکومتِ بلوچستان) is the provincial government of the largest province of Balochistan, Pakistan in Quetta. The head of the province is the Governor, who is nominated by the President of Pakistan.
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 ...