It is reported by Express Tribune that the government has halted property tax relief, which was going to be announced to force growth in 2020.
The Tax Amendment Bill has been postponed by the NA Committee on Finance
It is expected the government might withdraw excise duty on property transfers.
Still, there are concerns about reforms and tax shortfalls.
FBR has been facing a tax shortfall due to its overestimated targets and low growth of the Pakistan economy.
It is expected that it will help to tackle the balance of payment issues.
Current Account Surplus Likely for Pakistan with $2.92B Exports.
FBR sends notices for July 2022 recoveries.
A tax shortfall by FBR is reported at around 468 billion rupees during the past 7 months of this fiscal year.
Flue Prices are set to Rise Again.
Pakistan made US 582 million dollars current account surplus for the month of December.
Salaried class paid 40% more compare to FY23.