Tax rates on tobacco sector raised to collect Rs18bn; passenger, goods transport vehicles made capital value tax-exempt.
Unfair move has drawn valid criticism as it coincides with drastic increase in income tax on salaried people and corporates.
Several trade bodies have been holding protests against Rs6,000 fixed tax introduced in the Finance Act 2022.
Miftah says Fund going through "internal approval processes"; insists no more outstanding issues between both sides.
There are a series of lurking risks on the horizon that could upset the budget and macroeconomic outlook in the medium terms.
PM Sardar Tanveer Ilyas rebukes bureaucracy; monetary assistance given to Zakat recipients raised by Rs9,000.
A total of 15 cut motions tabled by the opposition and treasury members were approved.
No tax will be charged on the imports of smartphones; fat-filled milk also in the list of zero-rated regime.
No new taxes imposed; dues payable to KMC by KE estimated at Rs1.85bn
No cut motions presented in house for only second time in province’s history.
Amendment to impose levy of Rs50/litre on petroleum products approved; Miftah says no plans to do so immediately.
Rejects 266 cut motions of opposition members demanding a symbolic cut on allocations of eight ministries.
Highest amount of over Rs1.63bn will be spent on expenditures of home department
Cut motions by ruling lawmaker perturb members of treasury benches.
Rs61.4 billion proposed for ongoing expenditures while Rs47.8 billion set aside for new development schemes.
During the 10-minute proceeding, the house hurriedly approved all 78 demands for grants.
Statements come days after Shabbir Mansha had categorically denounced levy of super tax.
Fancy words cannot cover up the gaps in financing essentials such as fertiliser and fuel whose prices have gone through the roof.
Much of the available development funds will end up in the pockets of politicans and bureaucrats.
It is a short-term measure that does not address the needed fundamental reforms.
Minister says communication and works will get the highest share of Rs12bn.
Real estate brokers, car dealers, restaurants, salons, doctors, engineers, lawyers, CAs to be charged fixed tax.
Syed Aminul Haque says finance division should consider proposal sent by his ministry to boost the sector.
Rs28.5bn fixed for development; 15pc increase in pensions from July 1.
The steps taken by the government are reflective of the extremely sorry state of our economic affairs.
Says until "mafia" govt is in power, no one will be able to promote clean and green energy in KP; PA passes Rs1.33tr budget.
Khursheed Shah calls for more taxes on cigarettes; Khawaja Asif says tobacco lobby holds sway, parliament "cannot tax them".
Fixed tax of Rs100 replaced with 2.5pc tax for individuals earning between Rs600,000 and Rs1.2m.
Year ahead is tough economically for a wide majority but an equitable and fair share of burden appears to be unavoidable.
CM Mahmood Khan stresses immediate implementation of increased wage limit.