Trends - Budget 2024 25 - Business Recorder

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Power sector: MoF agrees to extend Rs1.094trn subsidy

ISLAMABAD: The Finance Ministry is said to have agreed to extend subsidy of Rs 1.094 trillion for the financial year...

Updated 30 May, 2024 08:39am

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Budgetary support: Govt borrowing rises 116pc

KARACHI: The federal government borrowing from scheduled banks for budgetary support rose significantly by 116...

Updated 30 May, 2024 08:53am

Opinion

SIFC—a better role

The SIFC was created with a mandate to facilitate much-needed investments from foreign public and private entities...

Published 29 May, 2024 06:05am

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FBR plans to collect Rs1.296trn thru duties

ISLAMABAD: The Federal Board of Revenue (FBR) has estimated to collect nearly Rs1,296 billion from customs duties in...

Updated 29 May, 2024 09:19am

Business & Finance

‘Upcoming budget should be people-friendly’

KARACHI: There is a need to make the budget 2024-25 people-friendly, said economic expert and Pasban Democratic ...

Published 29 May, 2024 06:05am

Business & Finance

Experts suggest 40pc raise in tobacco taxes

ISLAMABAD: Health experts have strongly proposed the Federal Board of Revenue (FBR) to raise taxes on all kinds of...

Published 29 May, 2024 06:05am

Opinion

Budget 2024-25: expectations

A budget is not merely a document of aggregated information on revenues, capital, and external receipts and on the...

Published 28 May, 2024 05:30am

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Farmers propose ‘fixed tax regime’ for agri sector

Demand government to ensure a dedicated track and trace system to bring the retailers, and businesses from the informal sectors with progressive taxes into the tax net

Updated 28 May, 2024 09:26am

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Upcoming budget: FBR to issue new rules to process pending refund applications

ISLAMABAD: The Federal Board of Revenue (FBR) will issue new rules and regulations in budget 2024-25 to...

Updated 28 May, 2024 08:35am

Business & Finance

5G licenses: Shortfall of Rs32bn likely in non-tax revenue

ISLAMABAD: The country is likely to face a shortfall of around Rs32 billion in non-tax revenue from 5G licenses,...

Published 28 May, 2024 05:30am

Opinion

Budget projections for FY25

There is overwhelming evidence that approval of the budget for next fiscal year, reportedly to be presented to...

Updated 27 May, 2024 06:33am

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Public assets: Ministry seeks data to share it with IMF

Says IMF has recommended actions on an issue that the data on public assets was inconsistent and not easily centralised

Updated 27 May, 2024 11:43am

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PM, PPP team take stock of situation

ISLAMABAD: As the federal government is set to present the budget for fiscal year 2024-25, Prime Minister Shehbaz...

Updated 27 May, 2024 09:13am

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Major changes in tax laws expected through Finance Bill 2024

Enforcement measures of Rs 300-400 billion expected in 2024-25

Updated 27 May, 2024 01:32pm

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Budget proposals: OICCI calls for abolishing advance tax on telecom subscribers

ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended the government to abolish...

Updated 26 May, 2024 09:12am

Pakistan

KP CM against tax on ‘naswar’

PESHAWAR: Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur Friday opposed taxing Naswar in the upcoming budget of...

Published 25 May, 2024 05:32am

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Fuel prices likely to decline again

ISLAMABAD: Fuel prices are expected to go down again. The federal government is likely to announce a decrease in...

Updated 25 May, 2024 04:20pm

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Share under NFC Award: Govt may explore option of sharing debt servicing, power circular debt with provinces

Government left with only 42.5 percent from divisible pool with interest payments and circular energy debt no longer sustainable

Updated 25 May, 2024 08:29pm

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Country borrows $7.142bn during Jul-Apr

ISLAMABAD: The country borrowed $7.142 billion from multiple financing sources during the first 10 months...

Updated 25 May, 2024 08:29pm

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‘Carbon Tax’ on POL products: PM rejects major FBR budgetary proposals

ISLAMABAD: Prime Minister Shehbaz Sharif has rejected two major budgetary proposals of the Federal Board of Revenue...

Updated 25 May, 2024 08:27pm

Pakistan

KP govt unveils Rs1.754trn budget

PESHAWAR: The provincial government of Khyber Pakhtunkhwa presented a budget of Rs1,754 billion for financial year...

Published 25 May, 2024 05:32am

Business & Finance

Budget FY25: IMC demands govt support local auto industry

ISLAMABAD: Chief Executive Indus Motor Company (IMC) Ali Asghar Jamali has said that the local auto industry is in...

Published 24 May, 2024 06:40am

Business & Finance

Budget 2024-25: Extra taxation will be avoided, FBR assures juice industry

ISLAMABAD: The Federal Board of Revenue (FBR) has assured the formal packaged juice industry that the government...

Updated 24 May, 2024 07:45pm

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Third-party projects under CPEC: PM orders MoFA to finalise modalities in a week

The PM is scheduled to visit China before presentation of federal budget 2024-25

Updated 24 May, 2024 02:29pm

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Many zero-rated items: FBR proposes standard rate of 18pc sales tax

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a standard rate of 18 percent sales tax on a wide range...

Updated 24 May, 2024 11:29pm

Opinion

Budgets 2024: thinking afresh

“Simplify taxes, reduce the cost of excessive documentation, open the economy for higher growth and employment,...

Updated 24 May, 2024 05:49am

Opinion

Primary surplus, fiscal deficit, over-board austerity policy, and existential threats

International Monetary Fund (IMF) wishes government to have primary surplus, which means that before paying interest...

Updated 27 May, 2024 07:12pm

Opinion

Privatisation of SOEs: a focus on PIA

Pakistan’s economy is confronting numerous challenges like fiscal deficits, low savings, limited investment, low...

Updated 23 May, 2024 05:55am

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Mid-year review: 77pc borrowing for financing fiscal deficit thru domestic sources: MoF

ISLAMABAD: The government has borrowed around 77 percent for financing of federal fiscal deficit through domestic...

Updated 23 May, 2024 09:22am

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FBR to issue uniform tax recovery rules in budget

ISLAMABAD: The Federal Board of Revenue (FBR) will issue uniform sales tax, income tax and federal excise recovery...

Updated 23 May, 2024 09:16am