An emergency meeting of the International Monetary Fund (IMF) is expected to approve the loan to Pakistan under the seventh… Read More
USAID Threatens to Cut Aid if Taxed
The United States Agency for International Development (USAID) has threatened to cut grants by a hundred percent in the case… Read More
Ejaz Ahmad Removed as Secretary Federal Ombudsman
The Federal Cabinet has approved the removal of Secretary Federal Ombudsman Ejaz Ahmad. Ejaz Ahmad was appointed as the Secretary… Read More
Finance Bill 2022 Fully Focused on Direct Taxes: FBR Chairman
The Chairman of the Federal Board of Revenue (FBR), Asim Ahmad, said that for the first time, the Finance Bill… Read More
Pakistan Needs to Do Much More After Budget: IMF
Pakistan needs to introduce additional measures to align the budget for FY2022-23 with key program objectives. This was stated by… Read More
Funds Allocated for Establishing Pakistan’s First-Ever Virtual Zoo in Islamabad
The Federal Government has decided to establish Pakistan’s first-ever virtual zoo in Islamabad. It has allocated funds under the Public… Read More
Govt Proposes Fixed Tax on Small Retailers Through Electricity Bills
A new Fixed Income and Sales Tax system has been proposed for the small retailers. In the budget 2022–23 presentation,… Read More
All New Schemes For IT Sector Dropped Due to Non-Availability of Funds
The Federal Government has dropped all new schemes for the IT sector due to financial constraints. According to documents available… Read More
New Income Tax Slabs Introduced for Salaried Class in Budget 2022-23
The new coalition government has introduced seven slabs of income tax on the salaried class in the country for the… Read More
Govt Imposes Tax on International Payments Through Debit and Credit Cards
An advance withholding tax will be levied on international payments (money sent out of Pakistan) through credit cards, debit cards,… Read More
World Bank Approves $300 Million for Upgradation of Pakistan’s Rural Roads
The World Bank’s Board of Executive Directors has approved $300 million in financing to support Pakistan in upgrading rural roads… Read More
Govt to Re-Impose Sales Tax on Petroleum Products
The Government of Pakistan has decided to re-impose the General Sales Tax (GST) on petroleum products, as per official sources… Read More
