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.

Fifth consecutive year: Pakistani passport among world’s weakest once again
- 8 hours ago

Pakistan, Afghan Taliban agree on 48-hour temporary ceasefire: FO
- 9 hours ago
Punjab Police detain over 2,500 in crackdown against religious party
- 7 hours ago

American singer D'Angelo dies battling cancer
- 14 hours ago

Pak Army foils Afghan Taliban, Fitna al-Khawarij attacks in Chaman, 20 Taliban killed
- 14 hours ago
Pakistan announces launch of first Hyperspectral Satellite from China on Oct 19
- 12 hours ago
Governor Kundi swears in PTI’s Sohail Afridi as KP CM
- 11 hours ago

US media outlets reject Pentagon's new policy
- 14 hours ago
President, Field Marshal discuss internal, external security situation
- 10 hours ago
Security forces kill 37 Khawarij in Mohmand, North Waziristan: sources
- 7 hours ago

Opening night or late season debuts? Key NBA superstar injury returns to watch for
- 11 hours ago

Nowshera: Cop assigned to polio team security martyred in firing
- 14 hours ago