Chairman of the Association of Builders and Developers of Pakistan (ABAD), Hasan Bakshi, expressed gratitude to the government for removing the FED, calling it a positive step for the country’s construction industry. He urged further relief, calling for reductions in taxes under Sections 236C and 236K of the Income Tax Ordinance, 2001, and proposed easing […]
As per details, as preparations for the upcoming federal budget are underway, high-level discussions are taking place to explore avenues of tax relief, particularly for the salaried class and real estate sector. Insiders reveal that one of the key proposals under consideration is the elimination of the 3% Federal Excise Duty (FED) on property sales. […]
According to the spokesperson, the development came in the wake of the newly imposed Federal Excise Duty (FED) of Rs 15 per kilogram of sugar. The spokesperson said that the corporation has sought clarification from the Federal Board of Revenue (FBR) on the new tax. He said that the corporation has sufficient stock of sugar […]
the National Institute of Health (NIH) has started receiving recommendations from stakeholders regarding the increase in cigarette rates. Sources further revealed that NGOs have submitted recommendations to increase 26.6% increase in the Federal Excise Duty (FED) on tobacco. The Tobacco Control Cell has also finalized its recommendations for making cigarettes more expensive in budget 2025, […]
Federal Finance Minister Shaukat Tarin clarified on Friday that there would be no tax; on internet usage and SMS, while 75 paisa would be collected in tax; for every mobile phone call exceeding the duration of five minutes. He adds that visually-impair mobile phone users would be exempt from taxes on handsets. Tarin announced these […]
