Are you satisfied with this budget 2021 22 Pakistan? if yes then comment your view at the bottom of this page.
The PTI government was trying to entertain Pakistanis as much as they can as the budget was introduced in the National Assembly of Pakistan on Friday.
PM of Pakistan Imran Khan had mentioned “All Pakistanis will be pleased” with the 2021-2022 budget and cutting of the taxes on various industries will be applied.
All industries will enjoy exemptions and relief from this 2021-2022 Budget. New businesses are seeming less into the tax net.
The Automobile industry is looking for massive benefits for small cars and four-wheelers vehicles with tax exemptions.
Anyhow, This news is not good especially for mobile phone services and e-cigarettes consumers with applying Federal Excise Duty.
What are your thoughts on this Federal Excise Duty? Try to give your views at the bottom of this section.
Here PNews360.com takes a look at items that will get cheaper and what items will get expensive in the newest fiscal year that will start on the 1st of July, 2021.
Let’s check with every item.
Telecom Industry (Budget 2021 22 Pakistan)
Withholding tax on telecommunication industry services will lower to 3% . Federal Excise Duty on telecommunication industry will also be decreased by 1% from 17% applicable previously.
Electronic cigarette products will also be introduced into the tax net.
Mobile Phone Industry
The Federal excise duty on mobile phone calls greater than 3 minutes has been adjusted at Rs1/call, Rs0.1 on each SMS, and Rs5 on each GB of mobile internet data.
The document of this budget indicates that “Reap Reasonable revenue” from Telecom industry would give outcome in “minor taxation of a broad spectrum of the Population”
But according to the Tweet of Hammad Azhar Federal Excise Duty would not be applied on Internet data saying the prime minister and cabinet had not approved it yet.
It would affect the whole population of Pakistan if imposed.
Electricity sector (Budget 2021 22 Pakistan)
The threshold will be reduced from Rs75,000 to Rs25,000 for withholding tax on the monthly electricity bill for domestic users who are not on the Active Taxpayers List.
This means that he will have to pay withholding tax to those who are not on the ATL list and whose electricity bill is Rs25,000 or more.
Air Travel Sector
There is good news for domestic travelers and those who are interested in aerial tourism because air travel’s withholding tax would be ended which could results in cheaper and less expensive air travel and tourism domestically.
Banking sector (Budget 2021 22 Pakistan)
Non-cash banking transactions and cash withdrawals withholding tax would be ended.
Fruit Juices (Budget 2021 22 Pakistan)
There is good news for juice lovers too but how? Because in Fiscal Year 2022 the Federal excise duty on fruit juices will be removed.
As the temperature is high this summer, it will cost you less.
Cocoa paste and butter (Budget 2021 22 Pakistan)
Regulatory duty on cocoa paste, powder, and butter would be decreased. This might be a decrease in the prices of baked and some chocolate products as well.
It could probably cost you less as previously.
Automobiles Industry (Budget 2021 22 Pakistan)
The sales tax on locally produced electric vehicles will be 1pc and imports of electric vehicles would be exempted from the value-added tax.
For the vehicles that are ready without the registration process, the government will also force a tax on “on the money” for such vehicles.
On money indicates a process where impatient buyers pay extra money for instant delivery of the car to the cars dealers without waiting for months to end.
Read More Articles here: Pakistan news today pnews360.com
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- Ashraf Ghani’s brother Hashmat Ghani joins TalibanAshraf Ghani’s brother Hashmat Ghani joins the Taliban. Ashraf Ghani’s brother Hashmat Ghani met with Taliban leader Khalil-ur-Rehman Haqqani in Kabul and assured his support for the Taliban government. Hashmat Ghani, the brother of former President Ashraf Ghani, has pledged allegiance to the Islamic Emirate at the hands of Khalil-ur-Rehman Haqqani. About Post Author PNews360 […]
- Children of Kabul chanting “Long live the Islamic Emirate”The Islamic Emirate will bring peace to Afghanistan. Children of Kabul chanting “Long live the Islamic Emirate”. The smiles on the children’s faces show that the Taliban are peace-loving. A child is also holding the flag of the Islamic Emirate. About Post Author PNews360 Writing News and Articles about Politics, Trends, Climate Change, War, Crises […]
- Barcelona FC began the new round of La Liga without MessiBarcelona FC has achieved the La Liga without Lionel Messi, who is now working out for his second match. Messi was unable to extend his contract with his famous team Barcelona and parted ways with the team 5 years later due to financial problems with the Barcelona club. After he separated from Barcelona, Messi has […]
- Taliban defeated the US, miracle or repetition of HistoryTaliban defeated the US: God has blessed us. Afghanistan is a strong nation of faith. The current defeat of the US by the Taliban is a lesson for our future generations and other nations. British and USSR Defeat in Afghanistan Once he crushed the British who did not let the sunset. Then he tore apart […]
- PM Imran Khan, the best Prime Minister in the WorldPakistan’s PM Imran Khan Pakistan’s Corrupt Leaders (Most corrupt politicians in Pakistan) Nations that do not correct their situation, support bad and corrupt people, are proud of their sins, good and honest people who want to reform them make fun of them, then the worst rulers like Zardari and Nawaz Sharif For 30 years, these […]
- Planting Trees in Pakistan and their importancePlanting Trees: According to experts, 25% of the total population of any country should be forested. PM Imran khan Tree Planting Campaign (Pakistan Plantation Drive) Prime Minister Imran Khan decided to plant one million trees in the country as soon as he took over the government. Our country was in dire need of this decision […]
- The Taliban government controlling Afghanistan’s Helmand provinceTaliban are further pushing into the capital of Helmand province of Afghanistan Source: Aljazeera News Afghanistan and Taliban and Tolonews Afghanistan About Post Author PNews360 Writing News and Articles about Politics, Trends, Climate Change, War, Crises around the World, History, Historical Figures, Sports, Social Change, and Technology. See author's posts
- Social services are only limited to social mediaSocial services in Islam In Islam, social work and social services are very popular. Our Prophet Muhammad (peace be upon him) has placed great emphasis on social services. It would not be wrong to say that doing social service is the fulfillment of a human being. If a person is deprived of feeling and empathy, […]
- Turkey Wildfire survivors trying to rebuild their livesTurkey latest news in english Turkey wildfires map About Post Author PNews360 Writing News and Articles about Politics, Trends, Climate Change, War, Crises around the World, History, Historical Figures, Sports, Social Change, and Technology. See author's posts
- Turkey Fire Latest News: Death toll rises to 8, Turkey wildfiresTurkey Fire Latest News Summary (Turkey Fire Latest News) Atleast 10 people are injured and 2 people die on Sunday Death toll rises to eight from extreme wild fires during recent days. Sicily and Greece also affected by the wildfires The death toll rose to 8 on Sunday from wildfires on Turkey’s southern coast. According […]
- Natural Disasters and Calamities in PakistanYou all know that rains have been continuing in different parts of the country for many days. Natural disasters and continuing rain is severely affecting some areas of Balochistan, Karachi, and Islamabad. When it rains, there are losses due to heavy rains. Whether the country is a superpower like the United States or the most […]
- Afghan Taliban took control of Spin Boldak border crossing PakistanTaliban holding weapons. Photo: AFP Afghan Taliban operations continue, they took control of the main corridor between Pakistan and Afghanistan. Taliban’s spokesman Zabihullah Mujahid confirmed in a statement that the operation was carried out to seize the Afghan district of Spin Boldak, which borders Pakistan. Meanwhile, the main corridor between Pakistan and Afghanistan has been […]
- Best Turkish food and Ottoman CuisinesPNews360 is going on a journey of famous Turkish food or some old Turkish cuisines during Ottoman Era or we can also call it Ottoman cuisines. I hope you will like these Turkish main dishes and after that don’t forget to give Ottoman cuisine reviews in the comment section (bottom of this page). Lying on […]
- Binance banned in UK, Binance News TodayBinance banned in UK (crypto ban UK) Binance UK FCA: The financial regulator of Britain issued an order to Binance for stopping all its activities (Binance banned in the UK) and they also issued warnings to the consumers about using this platform which is coming under inspection globally. FCA (Financial Conduct Authority) said Binance Markets […]
- Cristiano Ronaldo (CR7) removes Coke from the table Coca-Cola lost $4 billionCristiano Ronaldo has shown his strong impact on the top brand of World Coca-Cola after only one gesture where Coca-Cola lost billions of dollars. Before the opening of their game against Hungary Cristiano Ronaldo held a press conference to talk about the upcoming fixture. After arriving at the venue of the conference Cristiano Ronaldo saw […]
- Gaza: Israel starts air attacks on besieged GazaAfter a ceasefire of Israel with Hamas since 11 days of the war last month, Israel air raids on Wednesday are the first one on besieged Gaza. Israel started airstrikes on besieged Gaza but there were no casualties on both sides. The Israel army said that its aircraft raided Palestinian Freedom Fighters compounds in the […]
- Flag Day 2021: Why America celebrates Flag Day with Stars and StripesWhat is Flag day? Why Americans commemorate this Flag Day 2021 on 14 of June each year? Today is Flag Day 2021 (June 14) to tribute the Stars and Stripes and the role of the flag which has played in America’s history. The date of celebration is remarkable. The flag day on June 14 is […]
- Kyrie Irving Brooklyn Nets left game 4 with injury of right ankleBrooklyn Nets initially lost James Harden 47 secs from the Eastern Conference semifinal series with Milwaukee Bucks.Brooklyn Nets were looking to lean on the performances of Kevin Durant and Kyrie Irving to take down Giannis and theMilwaukee Bucks of their playoff series in Game 4, in order to drag ahead and get a 3-1 lead. […]
- Budget 2021 22 Pakistan : Are Pakistanis satisfied with this Budget?Are you satisfied with this budget 2021 22 Pakistan? if yes then comment your view at the bottom of this page. The PTI government was trying to entertain Pakistanis as much as they can as the budget was introduced in the National Assembly of Pakistan on Friday. PM of Pakistan Imran Khan had mentioned “All […]
- Ghotki: At least 31 people were killed in a passenger train collisionMore than 100 people were injured According to the authorities, on Monday, two passenger trains collided near Daharki city in the Ghotki district of Upper Sindh, killing at least 31 people and injuring more than 100 others. According to a spokesperson for Pakistan Railways (PR), the accident occurred around 3:30 in the morning when a […]
- PATS: Want to Participate in the Military Adventure Sports?PATS The Pakistan Army Team Spirit (PATS) is the most serious army designed to test tactical skills at competitive and professional levels and access responses on a scenario of exciting and difficult battlefields in real-time, it is a competition. It begins in 2015, which is evolving in one of the strictest tactical practices and good […]