Muzammil Aslam, Chief Minister's Advisor on Finance, announces that Category A halls will face a tax of Rs 25,000, while Category B halls will be taxed Rs 15,000

Peshawar: Khyber Pakhtunkhwa (KP) government on Friday introduced taxation on wedding halls in its budget for the fiscal year 2024-25.
During a post-budget press conference, Chief Minister's Advisor on Finance, Muzammil Aslam, announced that Category A halls will face a tax of Rs 25,000, while Category B halls will be taxed Rs 15,000. Additionally, taxes on restaurants have been reduced from 10 to 6 percent.
Aslam emphasized that the KP government will exempt FATA (Federally Administered Tribal Areas) and PATA (Provincially Administered Tribal Areas) from taxation and urged the federal government to follow suit.
Furthermore, Aslam highlighted the recent funds received from the federal government for the merged districts.
Earlier in the day, KP Finance Minister Aftab Alam presented the provincial budget for the next fiscal year 2024-25, amounting to Rs1.6 trillion. The budget, approved in a special cabinet meeting chaired by KP Chief Minister Ali Amin Gandapur, prioritizes increasing revenue through taxation and reducing reliance on federal funds.
Key proposals include introducing fixed sales tax on marriage halls, reducing commercial property tax from 16% to 10%, lowering the property tax on industrial units, and reducing the tax on land transfer.

3 takeaways from the most authoritative autopsy of the 2024 election yet
- 2 hours ago

Eidul Adha in Saudi Arabia to be celebrated on June 6
- 11 hours ago

Twins' Correa to return; Buxton 'a little bit behind'
- 3 hours ago

Sources: Haliburton's dad can attend home games
- 3 hours ago

Google rejected giving publishers more choice to opt out of AI Search
- 4 hours ago

Something remarkable is happening with violent crime rates in the US
- 2 hours ago
Eid-ul-Adha in Pakistan to be celebrated on June 7
- 12 hours ago
Pakistan vs Bangladesh: T20 series trophy unveiled in Lahore
- 12 hours ago

Roundtable: Best fight on the schedule? Next P4P king? Potential upset?
- 3 hours ago

Presidential seals, “light vetting,” $100,000 gem-encrusted watches, and a Marriott afterparty
- 4 hours ago

Microsoft employee bypasses ‘Palestine’ block to email thousands of staff in protest
- 4 hours ago

The latest in Harvard vs. Trump, briefly explained
- 2 hours ago