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ISLAMABAD: The government has hiked rates of higher income earners slabs of both salaried and non-salaried classes to fetch additional revenues of Rs250 billion in the budget 2024-25. Finance Bill 2024-25 tabled in parliament showed that for the salaried class, where the taxable income does not exceed Rs600,000, there will be zero tax. Where the taxable income exceeds Rs600,000 but does not exceed Rs1,200,000, there will be tax rate of 5 percent exceeding amount of Rs600,000 per annum.

PPP slams PML-N for not taking it into confidence over budget.
Ishaq Dar convinces party to ensure attendace as it is key ally.
Only few PPP lawmakers attend budget session as token attendance.
ISLAMABAD: The Pakistan Peoples Party (PPP) on Wednesday recanted its decision to boycott the federal budget 2024-25 session in the National Assembly as the ruling Pakistan Muslim League-Nawaz (PML-N) managed to convince its major ally.

Deputy Prime Minister Senator Ishaq Dar held multiple meetings with the PPP’s top leaders to convince them to attend the federal budget session which seemingly remained successful.

Following the consensus, some PPP leaders went into the session as a "token attendance".



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