The government targeted Rs 1.3 trillion in collection from the Petroleum Development Levy (PDL), utilizing the increased levy rates on petrol and diesel.
2612
Which sector was identified for 'Right-Sizing' and privatization to reduce fiscal losses in 2024-25?
The government initiated a policy to 'provincialize' or privatize Power Distribution Companies (DISCOs) to curb massive circular debt and operational losses.
2613
In the 2024-25 budget, the tax rate on dividend income for mutual funds earning more than 50% from debt was increased to:
To discourage arbitrage, the tax rate on dividends from mutual funds that derive 50% or more of their income from profit-on-debt was raised from 15% to 25%.
2614
The 'Tajir Dost Scheme' launched in 2024 aims to bring which group into the tax net?
The Tajir Dost Scheme is a specific initiative by the FBR aimed at registering retailers and wholesalers to broaden the tax base and formalize the retail sector.
2615
Which tax was imposed on milk sold by corporate farms or brands in the 2024-25 Budget?
The government set an ambitious tax revenue target of Rs 12.97 trillion for FY 2024-25, aiming for a roughly 40% increase over the previous year's collection.
2617
In the Federal Budget 2024-25, the government increased the tax rate on capital gains from securities for non-filers to a maximum of:
The 2024-25 budget significantly tightened the tax net for non-filers, setting the capital gains tax (CGT) on securities for non-filers at normal rates with a maximum slab of 45%.
2618
What is the total value of the Extended Fund Facility (EFF) approved by the IMF for Pakistan in September 2024?
In September 2024, the IMF Executive Board approved a 37-month Extended Fund Facility (EFF) arrangement for Pakistan worth approximately $7 billion (SDR 5,320 million).
2619
The 'National Minimum Wage' was raised in the 2024-25 budget to:
