ISLAMABAD: Minister for Finance and Revenue Miftah Ismail on Friday said the federal government had proposed to increase advance tax on 1600 cc and above vehicles under policy of shifting tax load to upper class. In his budget 2022-23 speech in the National Assembly, he said in case of purchasing an electric vehicle the buyers […]
budget
Miftah proposes full tax exemption for charity hospitals
ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail on Friday said that the government has planned to give complete tax exemption to charity hospitals. In a budget speech in the Parliament, the minister said that many charity hospitals were playing an effective role in the provision of health services to the citizens in the […]
Cabinet approves budget proposals for fiscal year 2022-23
ISLAMABAD: The federal cabinet chaired by Prime Minister Shehbaz Sharif on Friday approved the budget proposals for the fiscal year 2022-23. The cabinet also accorded approval to the Finance Bill 2022. Finance Minister Miftah Ismael will present the budgetary proposals in the National Assembly this afternoon.
KP business community proposes formation of advisory council
PESHAWAR: The business community of Khyber Pakhtunkhwa has called of the formation a high-level advisory council comprising representatives of the provincial government, concerned organizations including the FPCCI and other chambers to address their problems. The proposal was flouted in a consultative meeting on the provincial budget 2022-23 held in the Regional Office of Federation of […]
Taliban prepare new Afghan budget without foreign aid
Afghanistan’s finance ministry under the new Taliban government has prepared a draft national budget that, for the first time in two decades, is funded without foreign aid, a spokesman said. It comes as the country is mired in economic crisis and faces a looming humanitarian catastrophe the United Nations has called an “avalanche of hunger”. […]
US Democrats agree on $3.5 trillion budget target
Top US Senate Democrats agreed late Tuesday on a $3.5 trillion package to implement President Joe Biden’s vast plans to fund climate initiatives, health insurance and human infrastructure programs like child care, social welfare and housing. The huge proposal would direct federal funds to a sweeping array of projects over the coming decade that Biden […]
US budget deficit narrows in June as pandemic payments drop: govt
The US budget gap shrank in June compared to the record levels in 2020 when the government paid out a massive amount of pandemic aid, according to official data released Tuesday. Compared to June of last year, the government deficit fell by 80 percent to just $174 billion last month, the Treasury Department said, as […]
Global tax reform plan goes to the G20
G20 finance ministers meeting in Venice on Friday and Saturday could rally the world’s top economies behind a global plan to tax multinationals more fairly that has already been hashed out among 131 countries representing 90 percent of world output. On the face of it, the Group of 20 — the world’s 19 biggest economies […]
Deal on UN peace budget ends risk of mission freeze: sources
The 193 member states of the United Nations reached an agreement on Tuesday over the budget for peacekeeping operations, avoiding an imminent shutdown of missions, according to diplomatic sources. A draft resolution was adopted by the committee of the UN General Assembly which deals with financial affairs. The approved budget is estimated at $6.5 billion […]
Budget for 22 public sector varsities approved; KP Governor for ensuring financial discipline
The separate senate meetings of three more public sector universities of Khyber Pakhtunkhwa chaired by the Governor/ Chancellor Shah Farman Monday approved the budget for the fiscal year 2021-22. So far the senate meetings have given approval to 22 out of a total 32 public sector universities of the province. The budgets for the fiscal […]