Tag Archives: Budget 2024–25

On June 12, 2024, we received Muhammad Aurangzeb’s Budget 2024–25 proposal in the National Assembly. As we said earlier, the tax levied on cars is now based on the ex-factory price and not the engine capacity. To give you a better idea, we started a series of car prices after the new budget. In the […]

Pakistan’s fiscal budget 2024–25 introduces important tax reforms to increase government revenue and address industry challenges. The new budget imposes higher taxes on the auto, mobile phone, electronics, and real estate industries while increasing the salaries and pensions of government workers. Our blog examines the key changes and their expected impact on the real estate […]

Finance Minister Muhammad Aurangzeb presented the fiscal budget 2024–25 in the National Assembly on June 12, 2024. In his speech, the minister announced various taxes and levies in various sectors, including the automotive sector. Earlier in the news, the regulatory duty (RD) is expected to increase from the current 70% to 100% for cars with […]