{"id":97396,"date":"2024-06-04T10:44:14","date_gmt":"2024-06-04T05:44:14","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=97396"},"modified":"2024-06-04T10:46:52","modified_gmt":"2024-06-04T05:46:52","slug":"punjab-govt-plans-tax-free-budget","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/punjab-govt-plans-tax-free-budget.html","title":{"rendered":"Punjab to present tax-free budge 2024-25 next week"},"content":{"rendered":"\n<p>Lahore: Finance Minister of Punjab Mujtaba Shujaur Rahman announced that the province will present a tax-free budget for 2024-25 on June 12 amid inflation concerns, as reported by a news source on June 4.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/punjab-cm-approves-lahore-development-project.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab approves major development work in LHR worth PKR 74bn<\/a><\/p>\n\n\n\n<p>According to the details, the international monetary funds (IMF) has urged Pakistan to reduce sales tax exemptions, likely raising prices for essentials like milk, tea, sugar, rice, flour, and packed milk, and to phase out tax exemptions in FATA and PATA by June 30.<\/p>\n\n\n\n<p>If the federal budget date changes, Punjab will present its budget on June 14. The Punjab Kisan Card, worth PKR 400 billion, will be launched on August 14. The government is also in talks with foreign companies to improve public transportation.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/shifting-wholesale-markets-to-lahore-ring-road.html\" target=\"_blank\" rel=\"noreferrer noopener\">Shifting wholesale markets to Lahore Ring Road will be permissible: CM Punjab<\/a><\/p>\n\n\n\n<p>The federal budget, delayed to June 10 due to Prime Minister Shehbaz Sharif&#8217;s visit to China from June 4-8, is expected to see increased inflation. The IMF has demanded the imposition of a 5-10% sales tax on sectors currently enjoying zero-rated sales tax, according to sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Finance Minister of Punjab Mujtaba Shujaur Rahman announced that the province will present a tax-free budget for 2024-25 on June 12 amid inflation concerns, as reported by a news source on June 4. Read: Punjab approves major development work in LHR worth PKR 74bn According to the details, the international monetary funds (IMF) has urged Pakistan to reduce sales tax exemptions, likely raising prices for essentials like milk, tea, sugar, rice, flour, and packed milk, and to phase out tax exemptions in FATA and PATA by June 30. If the federal budget date changes, Punjab will present its budget on June 14. The Punjab Kisan Card, worth PKR 400 billion, will be launched on August 14. The government is also in talks with foreign companies to improve public transportation. Read: Shifting wholesale markets to Lahore Ring Road will be permissible: CM Punjab The federal budget, delayed to June 10 due to Prime Minister Shehbaz Sharif&#8217;s visit to China from June 4-8, is expected to see increased inflation. The IMF has demanded the imposition of a 5-10% sales tax on sectors currently enjoying zero-rated sales tax, according to sources.<\/p>\n","protected":false},"author":89,"featured_media":76191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[58381,58384,57643,58385,54151,58383,54568],"persona":[],"class_list":{"0":"post-97396","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-budget-2024","9":"tag-fata-and-pata","10":"tag-latest-news-and-updates","11":"tag-punjab-kisan-card","12":"tag-punjab-news","13":"tag-tax-free-budget","14":"tag-zameen-news","15":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Punjab Govt plans Tax-Free budget- Zameen News<\/title>\n<meta name=\"description\" content=\"inance Minister of Punjab Mujtaba Shujaur Rahman announced that the province will present a tax-free budget for 2024-25.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/punjab-govt-plans-tax-free-budget.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Punjab Govt plans Tax-Free budget- Zameen News\" \/>\n<meta property=\"og:description\" content=\"inance Minister of Punjab Mujtaba Shujaur Rahman announced that the province will present a tax-free budget for 2024-25.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/punjab-govt-plans-tax-free-budget.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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