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
Govt Announces Tax Relief for Freelancers, IT Sector and Bank Loans
The federal government has decided to reduce tax rates on investments in the IT sector, offer tax breaks to freelancers,… Read More
SBP Splashed A Little Too Much Cash into Open Market During July-March FY23: Economic Survey
The liquidity conditions in Pakistan’s inter-bank money market remained relatively strained during July-March FY23 as compared to the same period… Read More
Pakistan World’s ‘Second Largest Supplier’ of Digital Services: Economic Survey
The International Labor Organization (ILO) Flagship Report (2021) has ranked Pakistan as the second largest supplier of digital labor services,… Read More
