PSX Hits Historic Milestone, Surges Past 83,000 Points with 810+ Point Gain
The 100-Index of the Pakistan Stock Exchange (PSX) maintained its upward momentum on Friday, surging by 810.19 points to finish at 83,531.96 points, marking its highest closing level to date. During the trading session, a total of 381,529,555 shares changed hands, an increase from the 319,879,266 shares traded the previous day. The total value of […]
Govt Imposes Up to 20% Tax on Prize Bond, Lottery Winners
This new tax policy aims to streamline the taxation process for prize winnings and ensure that individuals receiving such prizes contribute their fair share to the government’s revenue. The standard tax rate of 20 percent on prize bond and lottery winnings will help simplify the tax system and make it easier for individuals to understand […]
The Federal Board Of Revenue (FBR) Has ‘Fixed’ The Rs12,970 Billion Tax Collection Target For The Upcoming Fiscal Year 2024-25, ARY News Reported, Citing Sources.
Tomorrow (Wednesday), the coalition government led by the PML-N will unveil the budget 2024–25.According to people with direct knowledge of the situation, the budget for 2024–2025 will include direct taxes of Rs3452 billion and custom duties of Rs267 billion. Proposals have been made for new taxes on income, capital gains, sales, services, FED, and other […]
Govt Decides Not to Raise General Sales Tax Rate in New Budget
The 1 percent increase in the sales tax rate from 18 to 19 percent would not be done through the upcoming Finance Bill 2024 due to its inflationary impact on the general public