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HomeEconomyPAKISTAN STOCK MARKET PE BUDGET KAY MEASURES & IMPACT

PAKISTAN STOCK MARKET PE BUDGET KAY MEASURES & IMPACT

ISLAMABAD: Finance Minister Ishaq Dar ne 09 June 2023 ko Federal Budget pesh kia or uske Pakistan Stock Market pe kia impacts hongay.

Pakistan Stock Exchange
Bonus Shares pe 10% TAX
Companies k extraordinary gains per 50% tax imposed (booked b/w 2019-2023)
Re-imposition of Super TAX:1%-10%

Commercial Banks
Banks per 10% Super TAX continue, or TAX rate 39% – 49% tak increased
Non-filers k accounts per withholding TAX re-imposed on withdrawals (at the same day) above PKR 50,000
Low-cost housing, agriculture SMEs including IT & IT enabled services kay incremental loans per next two years kay lea 20% TAX reduced
Exogenous Factors ki wajeh se extraordinary gains on profit and gains of accounts per 50% tax ka izafa.

Autos
Hybrid Electric Vehicles ki import per CD 1% reduced
Used and old Vehicles of asian make above 1300cc ki import per removal of cap on fixed duties and taxes
NON localized (CKD) of Heavy Commercial Vehicles per 10% se 5% Custom duty reduced

Information Technology
IT & ITeS exports kay lea Concessionary fixed tax rate of 0.25% next 3 years k lea continue
IT-related equipment ki duty-free imports ki 1% value is equivalent to their exports proceeds.
Pakistan Software export Board kay sath registered IT & ITeS ki imports per sales Tax exemption
Startups kay lea Venture Capital Fund me PKR 5 bn ki amount allocate kardi gae
IT & ITeS sector me additional advances se banking Company ki income per 20% Concessionary TAX kay Standard rate 39% hongay
IT & ITeS ki Exports k lea 0.25% ki concessionary fixed TAX avail karne k sales TAX return file withdraw

Fertilizers
Imported Urea kay lea PKR 6 bn subsidy allocated
Agri-loans PKR1,800 bn se increase kar ke PKR 2,200 bn kardiye gae
Imported seeds per all duties and tax khatam karne ka faisla
50,000 Tube wells ko solar energy me convert karne k lea PKR 30 bn allocated

Construction
PSDP ki allocation last year k muqable me 32% increased hokar Rs. 950 bn kardi gae
Constructing house k lea 10% or Rs. 0.5 mn TAX credit provided
FATA/PATA kay sales TAX exemptions ek sal k lea extended
Foreign Remittance kay through property purchase per 2% ka adv final tax khatam kar diya gaya
Banks kay lea additional advance for construction mein 20% tax rate reduced

Textiles
Minimum wages mein Rs. 32,000/month increase
Calcium Carbide per custom duty 3% se 10% tak increased
Textile & leather products ki retail POS sales per sales tax ki reduced rate me 12% se 15% increase
Extraordinary gains such as inventory gains per 50% TAX increased

Oil and Gas Marketing Companies
OMCs ka turnover TAX remains fixed on 0.5%
Petroleum Development Levy (PDL) remains unchanged at Rs50/liter.

 

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