Tuesday, 4 February 2025
Trending
Lesco Bill Check Online 2022 | How to Get Lesco Duplicate Bill Online How to Check and Verify Vehicle Ownership | Car Registration Online Check 8009 Nadra family verification system | 8009 Nadra online check | 8009 sms Nadra Apple IPhone XS Max PTA and Import TAX in Pakistan | Non PTA price in Pakistan 1500 Prize Bond Draw List 15 August 2022 How to Check Number of Mobile SIMs Issued Against Your CNIC Prize Bond 750 list 2022 | Prize Bond Schedule 2022 750 Prize Bond List 2022 | Prize Bond Schedule 2022 200 Prize Bond Draw List 2022 15th March 2022 – Prize Bond Draw Schedule Dates and Results 2022 US dollar inflated by 4 paisa The Pakistan Stock Brokers Association is now formally operational FBR tax offices renamed Pakistan's current account balance again remains in surplus FBR issued valuation for sale of used cars for purpose of collecting sales tax. FATF takes up Pakistan case tomorrow How to become active tax filer in FBR Rules amended by FBR: Issued time limit for notifying income tax return form FBR launched Maloomat TaxRayApp: Signed MoU with NADRA: Acquired all data of filers & non-filers Federal Board of Revenue (FBR) ceased manual processing of income tax refunds HEC announces Scholarship Programme 2021 for Bachelors, One-Tier Masters, Masters and PhD studies Karachi Tax Bar Association (KTBA) rejected using mobile phone SMS as a legal way to serve tax notices Who is exempt from filing income tax returns ? Anti money laundering Act: monitoring of Jewelers, real estate agents and accountants under strict regulations Tax amnesty scheme for builders and developers ending at December 31 2020 Retailers registered with FBR started obtaining CNIC of consumers on sales above than Rs100,000 FBR directed to issue income tax exemption certificates against gratuity and provident funds Taxation of Builders and Developers e-payment limit of taxes abolished FBR allowed to registered persons to file non-export refund claims FBR extends scope of sales tax on IT Services and IT Enabled Services IT Exports Increased by 40% Govt imposing additional taxes on cars from next week FBR fired the officer for dishonesty The government will audit the Neelum-Jhelum surcharge collection China-Pakistan Economic Corridor project: Chapter added by FBR in the customs law PTBA highlighted issues in Active Taxpayer List Income Tax Credit Proposed for IT Sector Exceptional Rise of Workers Foreign Remittances in February 2021 Third Schedule Goods for Sales tax Rates Under Sales Tax Act, 1990 Federal Board of Revenue Rejected a News Report Published State Bank of Pakistan launches Five Years Islamic banking plan Federal Board of Revenue alerts Taxpayers about Fake and Harmful Emails Customs field formations to remain open on 8th, 10th & 11th May RS. 1500 Prize Bond Result, 17 May 2021 Announced The Punjab Letters of Administration and Succession Certificates Ordinance 2021 FBR Records historic growth again in May, 18% Growth in 11 Months Budget in front but Pakistan and IMF will discuss taxes next week Today Currency Rates in Pakistan Political parties exempted in Budget from filing income tax returns and paying taxes Intelligence & Investigation Inland Revenue Operation against three unregistered units
Punjab Budget Proposals 2021
BUDGET

Proposals for development budget of Punjab for next financial year

By

Preliminary proposals have been prepared for the development budget of Punjab for the next financial year. Apart from the recommendations for allocating a development package of Rs. 475 billion for the province and Rs. 60 billion for Lahore, projects worth Rs. 35 billion for Mianwali district have also been proposed.

Preparations for Punjab’s budget for the next financial year 2021 are underway. The P&D Board has prepared the first proposed draft of the development budget for the next financial year. It proposed to allocate Rs. 265 billion for ongoing development schemes in the next financial year. New development projects launched in Punjab at a cost of Rs. 126 billion. In the new financial year, funds will also be set aside for the prevention of corona and the purchase of vaccines.

See also  Federal Board of Revenue Rejected a News Report Published

Projects worth Rs 35 billion proposed for Mianwali district, the hometown of the Prime Minister. According to sources, construction work still underway on 138 projects started in Mianwali. The budget for ongoing projects will include in the new financial year.

Sources said that development programs worth Rs 50 billion included in the current financial year. The Punjab government released more than Rs. 7 billion from the allocated budget. The Punjab government claimed that 80% of the released funds spent.

Special Assistant for Information Punjab Dr. Firdous Ashiq said that the budget of Punjab for the next financial year will be people and farmer friendly while the basic rights of the oppressed sections will be protected in the budget.

Budget of Government Universities in Lahore

It recommended to make a big cut of 80% in the budget of government universities of Lahore. In budget it proposed to keep only Rs2.3 billion instead of Rs14 billion for 6 universities of the city. It proposed to set aside only Rs. 25 crore out of Rs. 2 billion 95 crore for setting up of UET Innovation Center. According to sources, it recommended to set aside Rs 90 million instead of Rs 95 crore for infrastructure improvement in UIT. Out of Rs 5.92 billion, only Rs 40 crore proposed for UET expansion program.

See also  National Assembly Approved Finance Bill 2021-2022

It proposed to set aside Rs. 40 crore instead of Rs. 97 crore for Punjab University Academic and Research Program. It recommended to keep only Rs. 78 crore out of Rs. 3 billion in the expansion program of Tianjin University Lahore.

According to P&D department officials, initial recommendations on development budget have been prepared. The meeting, chaired by the Punjab Chief Minister, will consider further improvement of the proposals.

tax accounting services top tax consultants lahore pakistan
Ads:

Punjab Budget | Budget 2021 | Finance Act 2021 | Development Budget | Budget Proposals |

Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]

Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: