The Punjab government is preparing to introduce a new initiative aimed at delivering daily essentials and edible items directly to… Read More
Govt to Block Bank Accounts of Non-Filers Under Amended Finance Bill 2024
The government is likely to block bank accounts of non-filers and has also decided to fix the amount of sales… Read More
Finance Bill 2024 Empowers FBR to Probe Tax Fraud Suspects
Finance Bill 2024 has empowered Inland Revenue officials to conduct an investigative audit of persons suspected to be involved in… Read More
Govt Likely to Amend Finance Bill 2024 For Phase-Wise Implementation of Sales Tax on Formula Milk
The government may amend Finance Bill 2024 to impose phase-wise sales tax on infant formula etc. The phase-wise taxation under… Read More
Pakistan’s Tax-to-GDP Ratio Likely to Hit 7-Year High Next Fiscal Year
Pakistan’s tax-to-GDP ratio (including petroleum development levy) in tax revenues is projected to reach 11.5 percent in fiscal year 2024-25.… Read More
Nvidia Beats Apple, Microsoft to Become Most Valuable Company On Earth
Nvidia has become the most valuable company on earth after it surpassed Apple ($3.32 trillion) and Microsoft ($3.28 trillion) after… Read More
Budget FY25 Boosts Chances of New IMF Program Despite Issues: Fitch Ratings
Pakistan’s ambitious FY2024-25 budget strengthens prospects for an IMF deal, Fitch Ratings said in a report on Tuesday. It is… Read More
Planning Ministry Unveils National Economic Transformation Unit For PSDP 2024-25
The Ministry of Planning and Development, under the leadership of Minister Ahsan Iqbal, has announced the establishment of the National… Read More
Pakistan’s Tax Revenue Likely to Increase by 40% in Upcoming Fiscal Year
Pakistan’s tax growth (including petroleum development levy) is projected to reach 40 percent for fiscal year 2024-25 compared to a… Read More
Pakistan Is The Most Financially Attractive IT Outsourcing Destination in the World: Report
Pakistan is the most financially attractive IT&ITeS outsourcing destination in the world, the Economic Survey 2023-24 revealed last week. According… Read More
Pakistan’s Per Capita Income Rises to $1,680 in FY24
Pakistan’s per capita income in US dollars has surged to $1,680 in the outgoing fiscal year 2023-24 (FY24), up by… Read More
Relief to Salaried Class Impossible When Govt Institutions Are Operating At A Loss: Aurangzeb
Finance Minister Muhammad Aurangzeb on Tuesday said the federal government was finding it very hard to give relief to the… Read More
