The newly appointed Minister of Finance appointed Muhammad Aurangzeb, poses after taking an oath to Islamabad, March 11, 2024. – Ministry of Finance The Minister of Finance, Muhammad Aurangzeb, announced on Sunday the intention of reducing the financial burden of the salaried class in the coming budget. His remarks occurred a few days after thousands … Read more
People wait for their turn out at an ATM in Islamabad. – AFP / File The rates of salaried class slabs were revised upwards at the request of the IMF. FBR collects Rs 367 billion from the salaried class in the last financial year. The board faces a mammoth task of collecting Rs12.97 trillion in … Read more
An undated image of the Federal Board of Revenue (FBR) building in Islamabad. – APPLICATION The contracts contribute Rs 496 billion to revenue collection in FY2024. Taxes collected on bank profits and securities up 52.8% to Rs489 billion. Tax revenue from telephone bills increased by 14.3% to nearly Rs 100 billion. ISLAMABAD: The salaried segment … Read more