The federal government has proposed an allocation of Rs. 2.02 billion for the Ministry of National Food Security and Research… Read More
Govt to Empower FBR With Draconian Laws Against Businesses Involved in Tax Irregularities
The federal government is preparing to restore the powers of the Directorate General of Intelligence and Investigation wing of Inland… Read More
Small Cars to Go Beyond Reach of Pakistanis After Govt’s Latest U-Turn
The federal government is once again moving to increase the sales tax on locally manufactured or assembled motorcars with engine… Read More
OICCI Demands Tax Relief for Salaried Class in Upcoming Budget
The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the government to give immediate and substantial tax relief… Read More
Govt Approves IMF Demand to Make Electricity More Expensive Next Fiscal Year
Pakistan and the International Monetary Fund (IMF) have agreed that electricity tariffs will be increased through annual rebasing from July… Read More
Govt to Increase Salary and Pension of Its Employees in Budget
The federal government is evaluating four different proposals for salary increments in the upcoming budget, with final decisions expected in… Read More
FBR to Slap 10% Sales Tax on Goods Made in ex-FATA/PATA in Budget
The Federal Board of Revenue (FBR) has proposed a 10 percent sales tax on goods manufactured in the ex-tribal areas… Read More
Govt Rejects Proposal to Increase Sales Tax on Small Cars in Budget
The federal government has decided not to increase sales tax on locally manufactured or assembled motorcars of cylinder capacity up… Read More
Govt to Double Withholding Tax on Cash Withdrawals by Non-Filers
The government is expected to increase the burden on non-filers in the next fiscal year by doubling the withholding tax… Read More
FBR Seizes Rs. 80 Million Directly From Kababjees’ Accounts Without Any Warning
MNA Ikhtiar Baig on Thursday informed the National Assembly Standing Committee on Finance and Revenue that FBR has recovered more… Read More
Rs. 15 Crore Fine Imposed on Famous Housing Society for Misleading Advertising
In a significant move to curb deceptive marketing practices, the Competition Commission of Pakistan (CCP) has imposed a penalty of… Read More
China to Re-Lend $3.7 Billion to Pakistan in June
China will re-lend approximately $3.7 billion to Pakistan next month and help maintain its foreign exchange reserves above $10 billion,… Read More
