Federal Budget 2024-25: New taxes propose to generate additional Rs 2trn revenue
WEB DESK: In the upcoming budget, new taxes are proposed to generate an additional revenue of Rs. 2 trillion. Furthermore, a 5% sales tax on petroleum products is likely to be imposed in the initial phase. Through this tax it is expected to generate approximately Rs. 600 billion in revenue. Moreover,
Pensions exempted from taxes in 2024-25 budget: Report
In a significant update, it has been reported that the upcoming 2024-25 budget will not include any taxes on pensions. According to sources familiar with the matter, Finance Minister Muhammad Aurangzeb successfully convinced the International Monetary Fund (IMF) to exclude taxes on monthly pensions in the 2024-25 budget. Pakistani officials
