Budget 2023-24.pdf

PKF-BUDGET-PRECISE-2023-2024-FINAL.pdf
Preview of Budget 2023-24
🔗 Source: pkf.com.pk
📊 Size: 1.63 MB
👤 Author: Admin
⬇️ Downloads: 53

Summary

Pakistan's economy faced challenges in FY2023 due to political instability, floods, the Russia-Ukraine war, and fiscal mismanagement, resulting in a real GDP growth of 0.29% and high inflation. The government aims to present a growth-oriented budget for 2023-24, with a total outlay of Rs. 14,461 billion and a targeted GDP growth forecast of 3.5%. The Finance Bill 2023 proposes amendments to the Income Tax Ordinance, including changes to the definition of "income" to include bonus shares, widening the scope of "permanent establishment," and introducing a super tax on high-earning persons. Other proposed changes include a tax credit for construction of houses and exemptions for foreign investment projects.

Description

Pakistan's economy faced challenges in FY2023 due to political instability, floods, the Russia-Ukraine war, and fiscal mismanagement, resulting in a real GDP...

Technical Information

  • File Format: PDF
  • File Size: 1.63 MB
  • Pages: 16
  • Language: EN
  • Author: Admin
  • Total Downloads: 53
  • Last Updated: 1 week ago

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