PREFACE
The budget for 2024-25 was announced by the Federal Finance Minister on June 12, 2024. The National Assembly approved the Finance Bill 2024 on June 28, 2024, with some amendments. Following the President of Pakistan’s assent, the Finance Act 2024 was enacted on June 29, 2024. The amendments are effective from July 01, 2024 unless an earlier date is specified for a particular provision. Our comments provide a basic understanding of the expected changes; however, for a detailed explanation, we recommend seeking our professional advice.
