Muhammad Imtiaz2019-08-26T05:01:27+00:00THE KHYBER PAKHTUNKHWA DELEGATION OF FINANCIAL POWERS RULES, 2018 — The Delegation of Financial Powers Rules serves as the cornerstone to govern public expenditure management. These rules are deemed instrumental in fostering fiscal discipline, prudent financial management and good governance. More powers surely warrant more responsibility and accountability of those who are delegated with these powers. The role of the Principal Accounting Officers is of paramount significance towards this end. These shall come into force at once and shall apply throughout the Government of Khyber Pakhtunkhwa. Expressions used but not defined in these rules shall have the same meaning as assigned to them in the General Financial Rules. Administrative Department for the purpose of exercising powers under these rules, unless otherwise specified, shall mean the officers mentioned at serial #.1 of Part-I of the First Schedule to these rules. The nature and extent of powers delegated to officers of different categories in the First Schedule shall be as specified in the Second and Third Schedules to these rules.
Muhammad Imtiaz2019-08-24T04:22:03+00:00THE SINDH FINANCE ACT, 2019 — It shall come into force on and from 1st day of July, 2019. The term “actual value” means the value recorded in the document. The stamp duty rate shall be 1% for the determination of floating rate. Provided that the floating rate shall only be applicable if actual value is higher than the value determined in the Valuation Table. The Capital Value Tax for all properties to be transferred to and from Real Estate Investment Trust (REITs) shall be charged at the rate of one and half percent of the value in the valuation table or at the floating rate charged on the actual value. The Registration Fee for all properties to be transferred to and from Real Estate Investment Trust (REITs) shall be charged at the rate of 0.5% of the value in the valuation table or at the floating rate charged on the actual value.
Muhammad Imtiaz2019-08-22T04:12:46+00:00THE PUNJAB GOVERNMENT EMPLOYEES WELFARE FUND ORDINANCE, 1969 — It shall apply to all Government servants as hereinafter defined provided that Government may, by notification exempt any class of Government servants from the operation of this ordinance. It shall come into force on such date as Government may by notification, appoint in this behalf. The Welfare Fund shall be divided into two parts; Part–I for gazetted Government servants and Part–II for non–gazetted Government servants and each such part shall be maintained and administered separately in accordance with the provisions of this Ordinance. The contribution from gazetted Government servants received under section 6 shall be credited into Part–I of the Welfare Fund and the contributions received from non–gazetted Government servants shall be credited into Part–II of the Fund. The Welfare Fund shall be utilized for meeting the expenses on arrangements to be made with an insurance company or other insurer for the insurance of Government servants. Any sums remaining in the Welfare Fund after defraying the expenses referred to in sub–section (6) may be utilized for such benefits to Government servants and their families as may be prescribed.
Muhammad Imtiaz2019-07-17T06:03:20+00:00GRANT OF INCREASE IN PENSION TO PENSIONERS OF THE FEDERAL GOVERNMENT DATED: 15th JULY, 2019
Muhammad Imtiaz2019-07-17T06:06:41+00:00AD-HOC RELIEF ALLOWANCE – 2019 TO THE CIVIL EMPLOYEES OF THE FEDERAL GOVERNMENT DATED: 05th JULY, 2019
Muhammad Imtiaz2019-07-19T06:02:17+00:00AUSTERITY MEASURES FOR THE FINANCIAL YEAR 2018-19 (FEDERAL GOVERNMENT)
Muhammad Imtiaz2019-07-31T04:41:21+00:00DISCONTINUATION OF CIVIL SECRETARIAT ALLOWANCE, CHIEF MINISTER’S OFFICE ALLOWANCE, GOVERNOR’S SECRETARIAT / HOUSE ALLOWANCE FOR THOSE OFFICERS WHO ARE ENTITLED FOR GRANT OF THE EXECUTIVE ALLOWANCE
Muhammad Imtiaz2019-07-30T06:22:41+00:00GRANT OF EXECUTIVE ALLOWANCE @ 1.5 TIMES OF THE MONTHLY BASIC PAY TO ALL OFFICERS WORKING ON THE CADRE STRENGTH / LIST OF POSTS DULY NOTIFIED BY SERVICES & GENERAL ADMINISTRATION DEPARTMENT, GOVERNMENT OF THE PUNJAB
Muhammad Imtiaz2019-07-22T05:00:22+00:00GRANT OF INCREASE IN PENSION – 2019 TO CIVIL PENSIONERS OF PUNJAB GOVERNMENT
Muhammad Imtiaz2019-07-12T11:37:31+00:00UP-GRADATION OF THE POSTS OF SECRETARY UNION COUNCILS APPOINTED UNDER THE PUNJAB LG&RD SERVICE RULES, 1981 AND PUNJAB GOVERNMENT DISTRICT SERVICE (TOWN / TEHSIL MUNICIPAL CADRE) RULES, 2005 WITH EFFECT FROM 01-07-2018
Muhammad Imtiaz2019-07-16T03:46:39+00:00DE-NOTIFICATION OF POLITICAL MEMBERS FROM THE BOARD OF DIRECTORS OF SEVEN (07) WASTE MANAGEMENT COMPANIES – GOVERNMENT OF THE PUNJAB, LOCAL GOVERNMENT & COMMUNITY DEVELOPMENT DEPARTMENT
Muhammad Imtiaz2019-08-21T13:10:35+00:00FINANCE ACT, 2019 – EXPLANATION OF IMPORTANT AMENDMENTS MADE IN THE INCOME TAX ORDINANCE, 2001 — Finance Act, 2019 has brought about certain amendments in the Income Tax Ordinance, 2001. The term “offshore asset” has been defined by inserting a new clause (38AA) in Section 2 which includes any movable or immovable asset held, any gain, profit or income derived, or any expenditure incurred outside Pakistan. Every person, other than a company, receiving profit on debt from persons are separately taxed. Income from Property derived by an individual or an association of person is separately taxed on the gross amount of rent. The holding period for taxation of capital gain of open plots has been increased to eight years and for constructed properties, it has been increased to four years. Where the holding period does not exceed one year, the total amount of gain will be taxed.
Muhammad Imtiaz2019-08-21T13:19:22+00:00THE REVISED LEAVE RULES, 1980 (GOVERNMENT OF PAKISTAN, MINISTRY OF FINANCE) — They shall apply to all civil servants other than those who were employed before the first day of July, 1978, and opted not to be governed by the Revision of Leave Rules issued under the Finance Division’s Office Memorandum No. F.1(2)-Rev.I/78, dated the 21st September, 1978. They shall come into force at once. All service rendered by a Civil servant qualifies him to earn leave in accordance with these rules but shall not be earned during the period of leave. Any period spent by a civil servant in Foreign Service qualifies him to earn leave provided that contribution towards leave salary is paid to the Government on account of such period. There shall be no maximum limit on the accumulation of such leave.
Muhammad Imtiaz2019-07-22T10:38:19+00:00WITHHOLDING INCOME TAX REGIME (WHT RATES CARD) — GUIDELINES FOR THE TAXPAYERS, TAX COLLECTORS & WITHHOLDING TAX AGENTS – AS PER FINANCE ACT, 2019 (UPDATED UP TO JUNE 30, 2019)
Muhammad Imtiaz2019-08-26T05:01:27+00:00THE KHYBER PAKHTUNKHWA DELEGATION OF FINANCIAL POWERS RULES, 2018 — The Delegation of Financial Powers Rules serves as the cornerstone to govern public expenditure management. These rules are deemed instrumental in fostering fiscal discipline, prudent financial management and good governance. More powers surely warrant more responsibility and accountability of those who are delegated with these powers. The role of the Principal Accounting Officers is of paramount significance towards this end. These shall come into force at once and shall apply throughout the Government of Khyber Pakhtunkhwa. Expressions used but not defined in these rules shall have the same meaning as assigned to them in the General Financial Rules. Administrative Department for the purpose of exercising powers under these rules, unless otherwise specified, shall mean the officers mentioned at serial #.1 of Part-I of the First Schedule to these rules. The nature and extent of powers delegated to officers of different categories in the First Schedule shall be as specified in the Second and Third Schedules to these rules.
Muhammad Imtiaz2019-08-24T04:22:03+00:00THE SINDH FINANCE ACT, 2019 — It shall come into force on and from 1st day of July, 2019. The term “actual value” means the value recorded in the document. The stamp duty rate shall be 1% for the determination of floating rate. Provided that the floating rate shall only be applicable if actual value is higher than the value determined in the Valuation Table. The Capital Value Tax for all properties to be transferred to and from Real Estate Investment Trust (REITs) shall be charged at the rate of one and half percent of the value in the valuation table or at the floating rate charged on the actual value. The Registration Fee for all properties to be transferred to and from Real Estate Investment Trust (REITs) shall be charged at the rate of 0.5% of the value in the valuation table or at the floating rate charged on the actual value.
Muhammad Imtiaz2019-08-22T04:12:46+00:00THE PUNJAB GOVERNMENT EMPLOYEES WELFARE FUND ORDINANCE, 1969 — It shall apply to all Government servants as hereinafter defined provided that Government may, by notification exempt any class of Government servants from the operation of this ordinance. It shall come into force on such date as Government may by notification, appoint in this behalf. The Welfare Fund shall be divided into two parts; Part–I for gazetted Government servants and Part–II for non–gazetted Government servants and each such part shall be maintained and administered separately in accordance with the provisions of this Ordinance. The contribution from gazetted Government servants received under section 6 shall be credited into Part–I of the Welfare Fund and the contributions received from non–gazetted Government servants shall be credited into Part–II of the Fund. The Welfare Fund shall be utilized for meeting the expenses on arrangements to be made with an insurance company or other insurer for the insurance of Government servants. Any sums remaining in the Welfare Fund after defraying the expenses referred to in sub–section (6) may be utilized for such benefits to Government servants and their families as may be prescribed.
Muhammad Imtiaz2019-07-25T04:55:29+00:00THE PUNJAB VILLAGE PANCHAYATS AND NEIGHBOURHOOD COUNCILS ACT, 2019 — It extends to the whole of the Punjab other than the areas notified as cantonments under the Cantonments Act, 1924 (Act II of 1924), or the Cantonments Ordinance, 2002 (CXXXVII of 2002), in relation to the matters covered there under. It shall come into force at once. As soon as may be, but not later than six months of the commencement of this Act, the Government shall, by a notification in the official gazette, establish areas, excluding the areas notified as cantonments, which shall constitute villages and neighbourhoods for the purpose of this Act. Every village and neighbourhood shall have a common assembly for the purposes of this Act. A common assembly shall comprise of every resident of the respective village or, as the case may be, the respective neighbourhood.
Muhammad Imtiaz2019-05-20T08:14:36+00:00THE PUNJAB LOCAL GOVERNMENT ACT, 2019 — It shall extend to the whole of the Punjab other than the areas notified as cantonments under the Cantonments Act, 1924 (II of 1924), or the Cantonments Ordinance, 2002 (CXXXVII of 2002) or such other areas as may be notified by the Government for this purpose, in relation to the matters covered there under. It shall come into force at once. All Local Governments constituted or continued under the Punjab Local Government Act, 2013 (Act XVIII of 2013) are hereby dissolved. As soon as may be but not later than one year of the commencement of this Act, the Government shall constitute succeeding local governments in accordance with the provisions of section 15 of this Act. Subject to and to the extent given under this Act, every local government shall have the authority to run the affairs of respective local area without improper interference.
Muhammad Imtiaz2019-05-07T09:57:10+00:00THE PUNJAB LOCAL GOVERNMENTS (NAMING OF PUBLIC PLACES) RULES, 2018 — They shall extend to all Local Governments except the Union Councils, District Education Authorities and District Health Authorities in the Punjab. They shall come into force with immediate effect.
Muhammad Imtiaz2019-07-29T04:48:38+00:00NEW INCOME TAX SLABS – 2019 — NEW SALARY SLABS AND RATE OF TAX ON SALARY SLABS – According to Section (9) of the Income Tax Ordinance, 2001, the taxable income of a person for a tax year shall be the total income of the person for the year reduced (but not below zero) by the total of any deductible allowances of this Chapter of the person for the year. Any salary received by an employee in a tax year, other than salary that is exempt from tax under Income Tax Ordinance, shall be chargeable to tax in that year under the head Salary. Salary means any amount received by an employee from any employment, whether of a revenue or capital nature. According to Section (149) of the Income Tax Ordinance, 2001, every person responsible for paying salary to an employee shall, at the time of payment, deduct tax from the amount paid at the employee’s average rate of tax computed at the rates specified in Division I of Part I of the First Schedule on the estimated income of the employee chargeable under the head “Salary” for the tax year in which the payment is made after making adjustment of tax withheld from employee under other heads. As per Finance Act, 2019, the salary slabs as well as tax rates have been revised with effect from 01-07-2019. As such all withholding tax agents disbursing salary are required to implement the revised tax rates from the same date.
Muhammad Imtiaz2019-05-09T10:31:25+00:00MEDICAL CERTIFICATE OF FITNESS ON FIRST ENTRY INTO GOVERNMENT SERVICE (PUNJAB GOVERNMENT) — Authorities competent to make first appointments may require the submission of a medical certificate of fitness from temporary or officiating Government servants. In any case they must satisfy themselves that the candidate is protected against smallpox. Medical certificates should ordinarily be required from candidates on first appointment to Government service if they are likely to officiate or to hold temporary posts for any period exceeding six months. Re-employed persons who during their previous term of service under the Government had produced the required medical certificates need not be required to produce a fresh certificate unless the period between their discharge from their old posts and their appointment to the new posts is in excess of three months.
