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Senate Standing Committee on Finance and Revenue

Tag: Senate Standing Committee on Finance and Revenue

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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.”

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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.

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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

WEB DESK
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

76% of young Pakistanis optimistic despite economic and security challenges: UNFPA

Field Marshal Asim Munir arrives in Türkiye on two-day official visit

US pressure on Oman delaying Hormuz coordination efforts, Iran says

Sam Neill, acclaimed actor of Jurassic Park and Peaky Blinders, dies at 78

PM Shehbaz, CM Bugti vow action after Washuk attack kills five labourers