The federal cabinet has approved an increase in pensions by 7 percent in the budget for the fiscal year 2025-26.… Read More
Concealing Income Will Now Result in Heavy Fines, Jail
Under proposed changes in the Income Tax Ordinance, for people concealing income or furnished inaccurate particulars that results in revenue… Read More
Govt to Slap Rs. 500,000 Fine, 3-Year Prison Sentence for Using Wrong CNIC Numbers and NTNs
The federal government has introduced new measures in the 2025-26 budget to combat tax evasion and misuse of National Tax… Read More
Petrol to Become More Expensive as Govt Likely to Slap Carbon Levy
The government is set to impose a carbon levy of Rs. 2.5 per liter on petroleum products in the federal… Read More
Govt Set to Give Big Tax Relief For Those With Lower Salaries
The likely new income tax slabs for the salaried class under the federal budget 2025-26 revealed that a smaller rate… Read More
Cigarettes to Get More Expensive After New Tax Bomb
The federal government is imposing a 6 percent withholding tax on cigarette distributors in the 2025-26 budget, senior sources told… Read More
Govt Sets Rs. 14.2 Trillion Tax Collection Target for FY25
The federal government has set an audacious Rs. 14.2 trillion tax collection target for the Revenue Division in the budget… Read More
FBR to Abolish 4% Further Sales Tax to Bring Unregistered Dealers, Wholesalers & Retailers Under Tax Net
The Federal Board of Revenue (FBR) has proposed abolishing the 4 percent “further sales tax” currently imposed on supplies made… Read More
Services Sector Overtakes Agriculture as Main Driver of Economic Growth in FY25
Pakistan’s economy has experienced a notable realignment in its growth dynamics during the fiscal year 2024-25 (FY2025), according to the… Read More
Pakistan’s Cash in Circulation Jumps by Rs. 1.1 Trillion in 2024-25
Pakistan’s Currency in Circulation (CIC) increased by Rs 1,108 billion (12.1 percent) during July-March FY 2024-25 compared to a decrease… Read More
Govt Gave Rs. 5.8 Trillion Tax Break This Year Despite FBR Revenue Shortfall
The federal government gave tax exemptions worth Rs. 5.84 trillion to various sectors during the ongoing fiscal year, with the… Read More
Govt Cuts Borrowing by Rs. 2.8 Trillion in FY25
During July-March FY 2025, the Government sector borrowing for budgetary support decreased to Rs. 1,320 billion compared to Rs. 4,219.5… Read More
