From the first of July 2021 all government employees to get a 10 per cent ad-hoc relief allowance
From first of July 2021 pension to get 10 percent raise
From grade 1 to 5 government allowance to get increase allowance to Rs 900 from Rs 400
The minimum wage has been increased to Rs 20000 per month
On 300 active pharmaceutical industries have been exempted from customs duties
On several raw materials used in industries has been either exempted or duties have been reduced
Total incentives due to lowering of duty will amount to Rs 25 billion a year
Tax lowered on warehousing, logistics services and collateral from 8 per cent to 3 per cent
Withholding exempted on Electronic warehouse receipts of PME
The telecommunication sector has been given the industrial status
A special technology Zone would be established aimed at 10 year tax holiday
Imports of capital goods would be duty-free for technology zones
SMEs having a turnover of Rs 100 million per year have to pay a tax of 0.25 per cent
Sme turnover of Rs100 million to Rs250 million tax levy of 0.5 per cent
Government to introduce one-pager tax return document for SME
IT sector would be for freelance and other services
The final regime tax for the IT sector would be 1percent and no question would be asked
Wholesaler and retailers and AOPs minimum tax limit has been increased
The minimum tax level has been raised to Rs 100 million
Proposed that turnover tax and withholding tax will be levied on other sectors which is active payer list
The number of Real-time point of sale in two years will be increased to five lac from 11000 retailers
Propose on individuals and AOPs minimum tax rate to be raised from Rs 10 million to Rs 100 million
Tax rate to be reduced to 1.25 per cent from 1.5 per cent
Every year tax rate will be reduced
Capital gains tax has been reduced to 12.5 per cent to 15 per cent
Withholding tax on mobile phone reduced to 10 per cent from 12.5 per cent
The tax rate will be reduced to 8 per cent
Federal excise duty has been imposed on usage of over three-minute calls and SMS
Withholding tax on 12 sectors have been removed
Sectors are banking transactions, PSX, margin financing, air travel service, debit and credit cards on overseas buying
Sales tax on 850 cc cars reduced to 12.5 per cent from 17 per cent
