The repatriation of profits and dividends from foreign investments in Pakistan decreased by 71 percent to $264 million in May… Read More
Salaried Class Alliance Asks Govt to Raise Minimum Tax Threshold to Rs. 100,000 Per Month
The Salaried Class Alliance of Pakistan has submitted an urgent appeal to Prime Minister Shehbaz Sharif that the proposed Finance… Read More
Senate Recommends 0% Tax on Yearly Salaries Up to Rs. 1.2 Million
The Senate Standing Committee on Finance on Wednesday recommended zero income tax on annual incomes up to Rs. 1.2 million.… Read More
Careem Ends Ride-Hailing Services in Pakistan
Careem has announced it will shut down its ride-hailing operations in Pakistan effective July 18, 2025, ending its years-long presence… Read More
Interloop’s Associate Company Acquires American Legwear Brand
Interloop Limited (PSX: ILP) informed the Pakistan Stock Exchange on Wednesday that its associate company, Textile Hub B.V., has acquired… Read More
Hinopak’s Parent Company to Merge With Mitsubishi Fuso
Hinopak Motors Limited (PSX: HINO) has informed the Pakistan Stock Exchange that a definitive agreement has been reached between its… Read More
Govt Agrees to Cut Solar Panel Tax Under IMF Pressure
The federal government has agreed to reduce the proposed sales tax on solar panel imports from 18 percent to 10… Read More
Finance Minister Shares Clever Plan to Arrest Businessmen Who Commit Tax Fraud
Finance Minister Muhammad Aurangzeb has said that the government has placed 4-5 necessary safeguards for the business community to avoid… Read More
Govt Takes U-Turn From Imposing Higher Sales Tax on Hybrid Cars
The federal government has withdrawn a proposal to increase sales tax on hybrid cars with engine capacities of up to… Read More
Pakistan’s IT Exports Down for the First Time After 19 Months
Pakistan recorded monthly IT exports of US$ 329 million in May 2025, down by 1 percent YoY, while up by… Read More
Solar Power is Now Pakistan’s Largest Source of Electricity
During the first four months of the current year, solar farms produced an average of 25.3 percent of Pakistan’s utility… Read More
Senate Body Opposes Increase in Tax on Smaller Cars
The Senate Standing Committee on Finance and Revenue, under the chairmanship of Senator Saleem Mandviwalla, held its fifth consecutive session… Read More
