Pakistan federal budget 2024-25 approved with Rs16,887 billion allocation, aiming to enhance economic stability and growth through...
Levy on petroleum products increased by Rs10 only: Govt grants sales tax exemption on import of used solar panels: Finance minister says tax-to-GDP ration will be enhanced to 13%The National Assembly on Friday approved the Federal Budget for fiscal year 2024-25 with an outlay of Rs16,887 billion, reported 24NewsHD TV channel.
As per the readjustment, the levy on petrol and diesel has been increased from Rs60 to Rs70 per litre. Meanwhile, participating in discussion on the budget 2024-25, in the National Assembly, he said that there is economic stability in the country at the moment and all the economic indicators including current account, fiscal deficit, inflation and foreign exchange reserve are stable and in control.
Aurangzaib said that tax evasion will be stopped and the tax net will be increased for retailers and the real estate sector in the country. He said that the current account deficit has decreased, the financial deficit is also under control and the country currently has a foreign reserve of $ 9 billion, which has provided an import cover of 2 months.
National Assembly Budget Approval Pakistan Fiscal Policy 2024 Federal Budget Highlights Tax Reforms In Pakistan Economic Growth Plans
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