Islamabad: The government has proposed to slash the ‘Super Tax’ rate by 0.5 per cent for corporations with an annual income of Rs200 million to Rs500 million in the federal budget for the fiscal year 2025-26. Similarly, a cut in
Islamabad: Pakistan will raise defence spending by a steep 20% but will slash overall federal expenditure for fiscal 2025-26 by a hefty 7% to 17.57 trillion rupees ($62 billion).
The budget presented on Tuesday by Prime Minister Shehbaz Sharif’s go…
Islamabad: The federal cabinet has given the nod of approval for a 10% hike in the salaries of government employees and a 7% increase in pensions of retired public servants.
Although the cabinet, which convened on Tuesday, had in principle
Islamabad: Speaker National Assembly Sardar Ayaz Sadiq has approved the schedule for the upcoming sessions of the Lower House regarding the presentation and discussion of the Federal Budget for the fiscal year 2025-26.
According to the schedule, th…
Islamabad: The government on Tuesday increased the tax ratio on cash withdrawals by the non-filers in the budget for FY2025-26.
In the budget for FY 2025-26, the tax ratio on cash withdrawals by non-filers has been increased from 0.6pc to
Islamabad: In the next year’s financial budget, funds have also been allocated for federal development projects for Karachi.
Rs 7.5 billion for the Karachi Urban Infrastructure Package, Rs 3 billion for the Green Line Bus Service in Karachi, Rs 3.2…
