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HomeCurrent AffairsNA Approved The Federal Budget 2024-25 By a majority

NA Approved The Federal Budget 2024-25 By a majority

The National Assembly approved the Federal Budget 2024-25 by a majority vote

In the meeting presided over by Speaker Ayaz Sadiq, the National Assembly approved the federal budget of 18 thousand 887 billion rupees.

In the National Assembly, the provision to increase the rate of taxes on tickets for international air travel was approved.

From 1st July, a tax of Rs 12,500 has to be paid on economy and economy plus tickets for international travel.

From July 1, tax on business class and club class tickets for USA and Canada has been approved up to one lakh rupees.

For travel to the Middle East and Africa, one and a half lakh rupees will have to be taxed on business, first and club class.

Air travel to the Far East, Australia, and New Zealand will have to pay a tax of Rs 2 lakh 10 thousand on business, first, and club class.

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