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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]
Withholding tax (WHT) rates rates applicable in Pakistan for 2024-25 [12] Payment Types Type Entity Slabs (PKR) Taxpayer Status Explanation (if needed) From Till Active Late Filer Inactive Goods Others Company Fixed 5% 10% Individual and AOP 5.5% 11% Toll Manufacturing Company 18% 9% Individual and AOP 11% 22% Sale of Rice, cotton seed, edible oils
62% (This consists of 40% income tax on the GBP 100k–125k band, an effective 20% due to the phase-out of the personal allowance, and 2% employee National Insurance). The marginal rate then drops to 47% for income above GBP 125k (45% income tax plus 2% employee National Insurance) [246] [247] 20% (standard rate) 5% (home energy and renovations)
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 majority of government departments and organizations adhere to the BPS System. Examples of other pay systems in Pakistan include the Special Pay Scale (SPS) and army scales, while private organizations, companies, and industries are free to devise their own pay structures, subject to the government setting a minimum salary for private ...
The salary distribution is right-skewed, therefore more than 50% of people earn less than the average gross salary. ... 2024-02 549 489 1,213 Bahrain: dinar 840 [12 ...
As of January 3, 2022, effective state minimum wage rates range from US$7.25 to US$16.66 per hour, with an average of about $12.00 across all minimum wage workers as of 2019. [ 231 ] [ 232 ] [ 233 ] Local government minimum wages exist as well, the highest of which reach to $17.13 per hour.
25.4% on less than $3.20/day (2024) [11] [12] ... Pakistan's position at per capita income ranks ... About 25% of Pakistan's total land area is under cultivation and ...