2024-25 Budget Finance Minister to Unveil Rs18 Trillion Plan PML-N Suggests 25% Raise

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb will present the budget in the National Assembly.

Meanwhile, the PML-N parliamentary party meeting has recommended Prime Minister Shehbaz Sharif to raise government employees by 25 percent.

Pakistan to present Rs18 trillion budget today

The meeting also suggested the prime minister increase grade 17-22 employees’ salaries by 20 percent, they say.

According to budget 2024-25 proposals, Pakistan has planned to get tax from the real estate sector in three slabs.

Filter buying property worth Rs50 mln will have to pay 3 pc tax, as per sources, while non-filer will pay 6 pc tax, the sources said.

Property worth Rs50 to 100 mln will be slapped 4 pc tax for filers and 12pc for non-filers.

In the third slab, the non-filer buying or selling property worth over Rs100 mln will be slapped with 5pc tax, while the non-filer will pay 15pc tax.