The ordinance, which amends the Income Tax Ordinance, of 2001, aims to increase revenue generation and promote transparency in the tax system. The tax rate for banking companies has been increased to 44 percent for the tax year 2025, which is expected to generate approximately Rs. 70 billion for the government by December 31, 2024. […]
As per details, the federal cabinet approved two presidential ordinances including the Societies Registration Amendment, focusing on seminary registration. Additionally, the Income Tax Ordinance will help the government to collect taxes from banks on the additional profit of Rs70 billion. It is to be noted that PM Sharif recently held a meeting with President Asif […]
According to reports, assurances have been given that the registration of seminars will be conducted under the Societies Act, addressing a key concern of the organization. Furthermore, it has been confirmed that no joint session of Parliament will be convened to discuss this matter. In line with the proposed amendments under the 26th Constitutional Amendment, […]
As per details, the premier contacted the JUI-F chief himself to discuss the Seminary Registration Bill, the sources said. Following the contact, Fazlur Rehman held a prolonged discussion with the Wafaqul Madaris officials before meeting PM Shehabz Sharif. The meeting between both Shehbaz and Fazl is scheduled to take place at 3 pm today (Friday). […]
Addressing the National Assembly, Maulana Fazlur Rehman stated that presenting the bill again without accepting it as an act would violate the Constitution. He questioned why a precedent was being set that could jeopardize the entire legislative framework. “If the matter is not resolved, the decision will be made on the roads rather than the […]
