Tax rates on tobacco sector raised to collect Rs18bn; passenger, goods transport vehicles made capital value tax-exempt.
Published 23 Aug, 2022 07:30am
Unfair move has drawn valid criticism as it coincides with drastic increase in income tax on salaried people and corporates.
Updated 08 Aug, 2022 09:11am
Several trade bodies have been holding protests against Rs6,000 fixed tax introduced in the Finance Act 2022.
Updated 03 Aug, 2022 08:21am
Miftah says Fund going through "internal approval processes"; insists no more outstanding issues between both sides.
Published 14 Jul, 2022 07:17am
There are a series of lurking risks on the horizon that could upset the budget and macroeconomic outlook in the medium terms.
Updated 04 Jul, 2022 10:08am
PM Sardar Tanveer Ilyas rebukes bureaucracy; monetary assistance given to Zakat recipients raised by Rs9,000.
Updated 01 Jul, 2022 09:23am
A total of 15 cut motions tabled by the opposition and treasury members were approved.
Updated 01 Jul, 2022 09:45am
No tax will be charged on the imports of smartphones; fat-filled milk also in the list of zero-rated regime.
Published 30 Jun, 2022 09:16am
No new taxes imposed; dues payable to KMC by KE estimated at Rs1.85bn
Published 30 Jun, 2022 05:26am
No cut motions presented in house for only second time in province’s history.
Updated 30 Jun, 2022 09:06am
Amendment to impose levy of Rs50/litre on petroleum products approved; Miftah says no plans to do so immediately.
Updated 29 Jun, 2022 10:44pm
Rejects 266 cut motions of opposition members demanding a symbolic cut on allocations of eight ministries.
Updated 29 Jun, 2022 10:06am
Highest amount of over Rs1.63bn will be spent on expenditures of home department
Updated 29 Jun, 2022 11:58am
Cut motions by ruling lawmaker perturb members of treasury benches.
Updated 29 Jun, 2022 12:37pm
Rs61.4 billion proposed for ongoing expenditures while Rs47.8 billion set aside for new development schemes.
Updated 28 Jun, 2022 10:47am
During the 10-minute proceeding, the house hurriedly approved all 78 demands for grants.
Updated 28 Jun, 2022 10:50am
Statements come days after Shabbir Mansha had categorically denounced levy of super tax.
Updated 28 Jun, 2022 08:08am
Fancy words cannot cover up the gaps in financing essentials such as fertiliser and fuel whose prices have gone through the roof.
Updated 27 Jun, 2022 09:24am
Much of the available development funds will end up in the pockets of politicans and bureaucrats.
Updated 27 Jun, 2022 08:56am
It is a short-term measure that does not address the needed fundamental reforms.
Updated 27 Jun, 2022 08:48am
Minister says communication and works will get the highest share of Rs12bn.
Updated 26 Jun, 2022 10:35am
Real estate brokers, car dealers, restaurants, salons, doctors, engineers, lawyers, CAs to be charged fixed tax.
Updated 26 Jun, 2022 09:11am
Syed Aminul Haque says finance division should consider proposal sent by his ministry to boost the sector.
Updated 26 Jun, 2022 09:21am
Rs28.5bn fixed for development; 15pc increase in pensions from July 1.
Updated 26 Jun, 2022 08:16am
The steps taken by the government are reflective of the extremely sorry state of our economic affairs.
Updated 25 Jun, 2022 04:17pm
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.
Updated 25 Jun, 2022 12:34pm
Khursheed Shah calls for more taxes on cigarettes; Khawaja Asif says tobacco lobby holds sway, parliament "cannot tax them".
Updated 25 Jun, 2022 09:17am
Fixed tax of Rs100 replaced with 2.5pc tax for individuals earning between Rs600,000 and Rs1.2m.
Updated 25 Jun, 2022 04:21pm
Year ahead is tough economically for a wide majority but an equitable and fair share of burden appears to be unavoidable.
Updated 25 Jun, 2022 04:16pm
CM Mahmood Khan stresses immediate implementation of increased wage limit.
Updated 25 Jun, 2022 08:19am