Tax Services PK

The federal government’s non-tax revenue soared to Rs. 3,602 billion, a massive Rs. 1,623 billion increase compared to last year’s Rs. 1,979 billion.

🔹 Key Contributors:
✅ State Bank of Pakistan (SBP) profit: Rs. 2,500 billion (up from Rs. 972 billion)
✅ Petroleum levy: Rs. 549 billion (+Rs. 76.64 billion)
✅ Passport fees: Rs. 39.54 billion (up from Rs. 25.73 billion)
✅ Gas Development Surcharge: Rs. 27.34 billion (up from Rs. 4.5 billion)
✅ Profit distribution: Rs. 97.47 billion (up from Rs. 88.74 billion)

📉 Declines Noted In:
❌ Interest payments from provinces & SOEs: Rs. 131.52 billion (down from Rs. 241 billion)
❌ PTA revenue: Rs. 28.81 billion (down from Rs. 50.46 billion)

🔹 Other Revenue Sources:
✔ Oil & gas royalties
✔ LPG & windfall levies

The surge in revenue strengthens the government’s financial position and reduces reliance on external borrowing. Do you think these numbers reflect sustainable growth? Share your thoughts! 👇🇵🇰💸
For Tax Services: https://wa.me/923237108678

Abbas Ali Tax - Lawyer

🎉 How much tax is deducted on winning amount of prize bonds?🎉
The State Bank of Pakistan (SBP) currently issues four denominations of national prize bonds: Rs100, Rs200, Rs750, and Rs1,500.

💰 Next Draws – February 17, 2025:
📍 Rs1,500 Prize Bond – Draw in Multan
📍 Rs100 Prize Bond – Draw in Rawalpindi

🔹 Prize Bond Draw Details:
✔ Conducted by Central Directorate of National Savings (CDNS)
✔ Public can attend the draw
✔ Winning numbers selected via Hand Operated Draw Machine

💵 Taxes on Prize Money:
📌 Filers: 15% Withholding Tax
📌 Non-Filers: 30% Withholding Tax (as per Income Tax Ordinance 2001)

📢 Stay tuned for results! Have you ever won a prize bond? Share your experience in the comments! ⬇️

For Tax Services: https://wa.me/923237108678
ABBAS ALI - TAX LAWYER

🚨 Gold Prices Drop Significantly in Pakistan! 🚨

Gold prices in Pakistan saw a massive decline today after reaching an all-time high! 📉✨

🔻 Per Tola Price: Dropped by Rs4,700, now at Rs301,500
🔻 10-Gram Price: Decreased by Rs4,030, now at Rs258,487
🔻 International Market: Fell by $50 per ounce, now at $2,883

This sharp decline follows a record-breaking increase just a day ago, where gold hit an all-time high of Rs306,200 per tola due to rising investment in precious metals.

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For Tax Services: https://wa.me/923237108678

ABBAS ALI - TAX LAWYER