The Pakistani rupee lost further ground against the US Dollar during intraday trade today after opening trade at 287.5 in… Read More
Senate Panel Approves 10% Tax on International Credit Card Spending for Non-Filers
A meeting of the Standing Committee on Finance was held under the chairmanship of Senator Saleem Mandviwala at Parliament House… Read More
Senate Committee Okays ‘Amnesty’ for Overseas Pakistanis to Bring in Dollars into the Country
A meeting of the Standing Committee on Finance was held under the chairmanship of Senator Saleem Mandviwala at Parliament House… Read More
Rupee Sinks to 287.6 Against US Dollar After Budget Day
The Pakistani rupee fell further against the US Dollar during intraday trade today after opening trade at 286.8 in the… Read More
Senate Committee Defers Matter of 10% Tax on Bonus Shares
A meeting of the Standing Committee on Finance and Revenue was held under the chairmanship of Senator Saleem Mandviwala at… Read More
SBP Keeps Interest Rate Unchanged
The State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 21 percent. At its meeting… Read More
High Trade Costs Are Causing Problems for Pakistani Exporters
Pakistan must reduce its trade costs by enhancing productivity which would enable it to grow sustainably, according to World Bank… Read More
Tax Reduction on Telecom Services Mysteriously Vanishes from Budget 2023-24 [Updated]
The initial document of the budget speech shared by the Ministry of Finance with journalists contained the proposal for a… Read More
Govt to Charge 10% Withholding Tax on Bonus Shares Issued by Listed/Non-Listed Companies
The federal government has proposed to levy a 10 percent withholding tax to encourage payments on bonus shares for listed… Read More
Govt Announces Big Discount for Payments at Islamabad Restaurants Using Cards and Wallets
To encourage digital payments in the Federal Territory of Islamabad, the government has proposed to reduce the rate of tax… Read More
Govt Imposes Tax on Non-Filers For Cash Withdrawals Exceeding Rs. 50,000
The federal government has decided to impose a flat 0.6 percent tax on citizens not appearing on the Federal Board… Read More
Govt Increases Withholding Tax on International Credit Card Spending by 5 Times
The federal government has decided to increase the Withholding Tax (WHT) on international credit card transactions from 1 percent to… Read More
