Skip to main content

Finance Bill: Govt hikes duty on registration of vehicles

Finance Bill, registration of vehicles,

ISLAMABAD: Federal government has hiked the excise duty on the registration of vehicles over 2000 CC in the finance bill, ARY News reported.

As per details, a six percent fixed tax has been imposed on the value of 2001CC and 2500CC vehicles whereas the tax for the filers on the 2001CC and 2005CC was Rs 0.25 million.

The government has imposed an eight percent fixed tax on the registration of 2501CC and 3000CC vehicles, the tax for the filers was earlier Rs 0.2 million and 0.4 million for the non-filers. Furthermore, ten percent fixed taz has been imposed on the registration of 3000CC vehicles.

Read more: National Assembly passes Finance Bill 2023-24

Earlier, the National Assembly passed the Finance Bill 2023-2024, giving the go-ahead to the budgetary proposals for the upcoming financial year. The bill with a total outlay of Rs14,480 billion was moved by Finance Minister Ishaq Dar in the house.

The House passed the federal budget with the revised targets to appease the International Monetary Fund (IMF) for the revival of the stalled loan program. According to the amendments, the target for tax collection has been revised to Rs 9,415 billion from 9,200 billion.

Rupees Rs801 billion have been allocated for the payments of pension against the earlier allocation of Rs761 billion.



from Latest Pakistan News and Breaking News from All over Pakistan https://ift.tt/BDHu06r
Labels:

Comments

Post a Comment

Popular posts from this blog

PAK-IMF agreement: Govt expected to raise petroleum levy

The government of Pakistan is likely to impose additional burden on citizens by raising petroleum levy to fulfill International Monetary Fund (IMF) terms, ARY News reported on Friday, Citing sources. According to the sources, the federal government is expected to increase the petroleum levy after which the initial electricity tariff will likely to raise Rs 3 to Rs 5 per unit, adding that the gas will also become more expensive for the citizens of Pakistan. The government sources maintained that the federal cabinet will take the decision regarding the increase in electricity tariff. Simultaneously, government sources have also hinted at an anticipated decision to further increase gas prices in the near future. READ: IMF, Pakistan reach $3bn staff-level agreement Furthermore, the sources said that the Oil and Gas Regulatory Authority (OGRA) already sent a proposal to the government to raise gas tariff up to 50 per cent. The confidential sources have stated that the government posse...
Post a Comment
Read more

PTI challenges Mohsin Naqvi’s appointment as caretaker Punjab CM

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) on Friday moved Supreme Court (SC) against the Election Commission of Pakistan’s (ECP) decision to appoint the opposition nominee Syed Mohsin Raza Naqvi as the caretaker chief minister of Punjab, ARY News reported. The Election Commission of Pakistan (ECP) on Jan 22 appointed Mohsin Naqvi as the caretaker Punjab Chief Minister after the parliamentary committee failed to reach a consensus. تحریک انصاف نے سپریم کورٹ میں محسن نقوی کی تعیناتی چیلنج کردی #ARYNews pic.twitter.com/wFYhxXrQLK — ARY NEWS (@ARYNEWSOFFICIAL) January 27, 2023 The petition was filed by PTI Secretary General Asad Umar in the apex court. The petitioner pleaded with the court to declare Naqvi’s appointment “null and void” and stop him from working as caretaker Punjab chief minister. The petitioner also challenged the appointment of ECP members Babar Bharwana and Ikramullah in top court. The matter of the appointment of the caretaker Punjab CM reached the elec...
Post a Comment
Read more

Elevate Your Style with a Men's Leather Jacket with Fur Collar

When it comes to timeless fashion, the allure of an original leather jacket is undeniable. These iconic pieces have transcended generations, exuding rugged sophistication and individuality. However, if you're seeking to take your style to the next level, consider a distinctive choice: the Men's leather jacket with fur collar . The Appeal of Original Leather Jackets Original leather jackets have long been celebrated for their durability, versatility, and timeless appeal. These jackets are something beyond clothing; they are an assertion of style, an encapsulation of disobedience, and an image of exemplary cool. Whether you're riding a motorcycle, strolling through the city, or attending a casual gathering, an original leather jacket elevates your look. The Allure of a Fur Collar What sets the Men's leather jacket with fur collar apart is its exquisite detailing.The option of a fur collar not just gives an additional layer of warmth during colder months yet in addition ...
Post a Comment
Read more