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Senate Standing Committee on Finance and Revenue

Tag: Senate Standing Committee on Finance and Revenue

Business

Web Desk Karachi
Feb 20, 2025

Banks contribute Rs72 billion to FBR under new income tax ordinance

During the session, Finance Minister Muhammad Aurangzeb underscored the government’s commitment to increasing the taxation on bank profits to meet its financial requirements, stating, “Banks must contribute to supporting the government.”

Business

Web Desk Karachi
Feb 11, 2025

New income tax ordinance aims to revise advance deposit ratio for banks

According to the new regulations, banks will be taxed at a rate of 44% for the 2025 tax year, followed by 43% for 2026, and 42% for 2027 and beyond.

Business

Web Desk Karachi
Dec 24, 2024

New Tax Laws (Amendment Bill) 2024 set for Senate review

The bill is designed to enhance compliance with tax laws, ensuring that taxes are paid in line with individuals’ income and consumption levels.

Pakistan

Hum News
Sep 29, 2023

Pakistan seeks $11 bn aid from China and Saudi Arabia for economic stability

Dr Shamshad Akhtar underscored the need to amend laws to bring the retail, agriculture, and real estate sectors effectively into the tax net.

Banks contribute Rs72 billion to FBR under new income tax ordinance

New income tax ordinance aims to revise advance deposit ratio for banks

New Tax Laws (Amendment Bill) 2024 set for Senate review

Pakistan seeks $11 bn aid from China and Saudi Arabia for economic stability

Punjab to unveil Rs5.13tr budget with focus on development, health and education

Ishaq Dar holds telephonic conversation with Japanese counterpart: FO

Iranian envoy thanks Pakistan for role in securing US-Iran peace deal

NA witnesses heated budget debate over taxes, inflation and IMF reforms

PM Shehbaz tells NA Iran-US understanding reached, Pakistan to host ceremony on June 19