The federal government has decided to impose sales withholding tax on copper, coal, paper and plastic scrap. Finance Minister Muhammad… Read More
Govt Proposes 5% FED on Real Estate
The federal government has proposed to impose a 5 percent federal excise duty (FED) on new plots and residential and… Read More
Telcos, Utility Companies to Face Rs. 100 Million Fine for Ignoring New Tax Rules for Non-Filers
The federal government is considering imposing heavy financial penalties on telecom and utility companies that do no cooperate in implementing… Read More
Govt Considering 75% Tax on Mobile Calls for Non-Filers
The government is considering a proposal to impose a 75 percent tax on mobile phone calls of non-filers in a… Read More
Govt Likely to Bar Non-Filers from Travelling Abroad
To strengthen tax enforcement for non-filers the federal government is considering a number of measures including barring non-filers from travelling… Read More
Here is How Much Telcos Are Now Earning From Every User
The Mobile Average Revenue Per User (ARPU) rose to Rs. 284 per month during July-December FY24, according to the Pakistan… Read More
Pakistan’s Central Govt Debt Balloons to Over Rs. 66 Trillion in April 2024
The total public debt stock of the federal government increased by 12.8 percent on a year-on-year (YoY) basis in April… Read More
Former Emerging World Central Bankers Urge G20 to Address Sovereign Debt Crisis in Global South
Over 20 former finance ministers and central bank governors Wednesday called the G20 to address the sovereign debt crisis unfolding… Read More
Pakistan’s Trade Deficit Shrinks by 15% in 11 Months of FY24
Pakistan’s trade deficit decreased by over 15 percent during July-May of the current fiscal year (11MFY24) according to data issued… Read More
Foreign Direct Investment in Pakistan Soars to $359 Million in April, Highest Since December 2019
The net Foreign Direct Investment (FDI) in the country rose to $359 million in April 2024, up 172 percent over… Read More
Pakistan Posts Current Account Surplus of $491 Million in April
Pakistan’s current account balance posted a surplus of $491 million in April 2024, according to data released by the State… Read More
Pakistan’s Textile Exports Slump 5% in April to 12-Month Low
Pakistan’s textile exports declined by 4.84 percent in April 2024 and stood at $1.237 billion compared to exports of $1.300… Read More
