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

Labels:

Comments

Post a Comment

Popular posts from this blog

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

Imran Khan meets differently-abled boy staying at Bani Gala camp

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman and former prime minister Imran Khan has fulfilled the wish of a differently-abled young boy who stayed at Bani Gala camp for protecting him and waiting to meet him personally. Imran Khan met the differently-abled boy namely Ibrahim at his Bani Gala residence after who stayed with PTI workers for 15 days at a camp established to protect him. The boy has also brought a pair of Peshawari chappal and a waistcoat for Khan. The boy communicated his message in sign language to express his happiness to meet him. Ibrahim also vented out anger on the Interior Minister Rana Sanaullah following the police brutality on May 25 during PTI’s Islamabad long march. Imran Khan smiled and responded to him, saying that he should not get worried about Sanaullah. Gotta love the compassion & approachability of Imran Khan; this man is arguably World’s greatest leader and he still makes time for common people. The kid he met is differently-abled (ca...
Post a Comment
Read more

Nawaz Sharif says ‘I always wanted to make Pakistan economic power’

LAHORE: Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif said that ‘I always wanted to make Pakistan economic power’, ARY News reported.  Addressing a public gathering in Lahore from London the former prime minister congratulated the nation on 25th Youm-e-Takbeer Day.  Nawaz Sharif said that he was offered billions of dollars and threats to stop carrying out the nuclear test, but he made Pakistan a nuclear power which is a symbol of defence and dignity of the country. He said that people started pulling his legs and the journey towards economic development was stopped. The USD value was Rs 104 in comparison to the Pakistan rupee in 2017 and now it is over 300, flour was Rs 33 per KG and now 1kg flour costs Rs 120, Nawaz Sharif added. The PML-N supremo condemned May 9 violence saying that the nation need May 28, 1998 events which is the sign of prosperity and development, not a May 9 symbol of hate and damage to the country. Read more:  Imran Khan incited y...
Post a Comment
Read more