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mini-budget

FBR extends date for filing tax returns

ISLAMABAD: The Federal Board of Revenue (FBR) has announced extension in deadline for filing income tax returns till November 30, 2018. According to reports, the process of filing income tax returns was at snail’s pace owing to the incentives given to non-filers in the mini budget announced by the government couple of weeks ago. It is reported that around 0.34 million people submitted income tax returns till September 30, prompting the FBR to extended the deadline. Under the PTI’s mini budget presented on…

Bilawal decries govt attempts to roll back 18th Amendment

ISLAMABAD: Pakistan Peoples Party (PPP) co-chairman Bilawal Bhutto Zardari has that recent statements of the government are an attempt to roll back the historic 18th Constitutional Amendment. Speaking to reporters outside the National Assembly, the PPP chairman also lashed at attempts by the federal information minister to make provincial ministers subservient to him. "This is a result of the creeping assault on the 18th Amendment and also on the freedom of the press," he said, endorsing a statement by the All Pakistan…

Sherry Rehman disappointed over ‘non-serious’ mini budget

ISLAMABAD: Pakistan Peoples Party Senator Sherry Rehman had expressed grave reservations about the state of public finances and the lack of vision in the mini-budget presented by the government. "It's a non-serious, black market budget. We urge the government not to take Pakistan into the dark ages," she said while addressing the Senate. She said that government was expecting change from the incumbent government but has instead received increase in gas prices, borrowing and reduction in development expenditures along…

Finance bill: Asad Umar announces to end tax rebate for PM, ministers

ISLAMABAD: Finance Minister Asad Umar presented the Pakistan Tehreek-e-Insaf (PTI) government's amendments to federal budget 2018-19 in National Assembly session on Tuesday. During his speech, Finance Minister Asad Umar said the previous PML-N government presented its sixth fiscal budget, which was in sharp contrast to ground realities. Consequently, he said, the current government felt the need to present a supplementary budget. SALIENT FEATURES Rs. 92 billion will be recovered through the use of modern technology…

Govt to present ‘mini budget’ in NA today

ISLAMABAD: After the approval from the federal cabinet, government is all set to present its first 'mini budget' Tuesday (today) in the National Assembly. According to sources, it is expected that new taxes, including super tax, worth Rs 158 billion will be imposed in the new finance bill. The bill includes the recommendations to slash development budget by Rs 450 billion, sources said. “The amendments in Finance Act 2018 should bring down the budget deficit from 6.6 per cent to 5 per cent,” the sources informed. In…

PTI to present mini budget tomorrow

ISLAMABAD: The Pakistan Tehreek-e-Insaf  government will present the mini budget in the National Assembly on Friday by introducing amendments in Finance Bill 2018-19. It was reportedly decided that amendments will be made to the finance bill in an attempt to increase revenue generation. The summary of the mini-budget has been prepared and is set to be presented during the federal cabinet meeting. After the approval of the summary, the mini-budget will be tabled in the National Assembly on September 14. According to…