Tue, 21-Oct-2025

U.S. budget deficit hits 2.77 trillion USD in FY 2021

U.S. budget deficit hits 2.77 trillion USD in FY 2021

WASHINGTON: The U.S. federal budget deficit totalled 2.77 trillion U.S. dollars in fiscal year (FY) 2021 ending on Sept. 30, as the federal government continued ramping up spending to support households and companies through the COVID-19 pandemic, the U.S. Treasury Department said on Friday. That was 360 billion dollars less than the record 3.13-trillion-dollar deficit … Read more

Tax collection from dividend income grows 33%

FBR Announces 15% Holding Tax On Profits Of National Savings Schemes

KARACHI: The tax collection from dividend income has registered a sharp growth of 33 per cent during the fiscal year 2020/21, owing to better earnings of the corporate sector, official sources said on Saturday. The collection of income tax grew to Rs18.46 billion during the fiscal year 2020/21, compared with Rs13.83 billion in the preceding … Read more