Imported make-up, food, shampoo and perfumes are set to become costly in the budget as according to the government the high taxes on imported food items would only affect the rich. In the budget for the next financial year, sales tax on online purchases, regulatory duty on imports of mobile phones and tires have been increased. additional customs … Read more
Federal Minister for Information and Broadcasting Fawad Chaudhry says that the attitude of the opposition has been irresponsible as they have not even bothered to read the budget documents so far. In a tweet released on the social networking site Twitter, he wrote that the budget has been appreciated by people from all walks of … Read more
Finance Minister Shaukat Tarin presented the budget in the National Assembly and his speech mentioned the proposal to impose federal excise duty on the use of internet data. However, after the budget meeting, Federal Minister for Energy Hamad Azhar, referring to the imposition of duty on the use of Internet data in the federal budget, … Read more
KARACHI: The business community has termed the Federal Budget 2021/22 balanced and progressive, as no new tax has been imposed on industry, and the rates of some of the already levied duties and taxes have been reduced. Addressing a press conference on Friday, FPCCI’s Businessmen Panel Chairman Mian Anjum Nisar along with FPCCI President Nasir … Read more
KARACHI: The Federal Budget FY22 has proposed reduction in the capital gains tax (CGT) rate on the disposal of shares to 12.5 per cent from the existing 15 per cent. Ahsan Mehanti at Arif Habib Corp said reduction in the capital gains tax was a positive development. “It is a good development but too little, … Read more
