The government is considering a tax relief package worth up to Rs50 billion for salaried individuals in the upcoming federal budget, aiming to ease financial pressure on employees across various income groups. Policymakers are reviewing several proposals that include lower tax rates, revised income thresholds, and a broader tax structure designed to provide greater relief […]
budget proposals
Export sectors demand major tax cuts ahead of budget review
Multiple key industries, including textile exporters, telecom operators, dairy producers, and pharmaceutical manufacturers, have jointly urged the government to reduce taxes and revise duties in the upcoming federal budget. During a Senate Standing Committee on Finance and Revenue meeting, stakeholders presented detailed proposals calling for tax relief and structural reforms. Textile representatives, including All Pakistan […]
Punjab cabinet likely to approve budget proposals for 2021-22 today
LAHORE: Punjab Chief Minister Usman Buzdar will preside over a special meeting of the provincial cabinet on Monday, in which approval will be given to the proposals of budget for fiscal year 2021-22. The meeting will also approve the supplementary budget for the financial year 2020-21, said a handout issued here on Sunday. The cabinet […]