Budget 2023-24

The Ministry of Finance on Thursday released a strategy for the release of funds for the recurrent budget for the… Read More

In a final attempt to secure a stalled rescue package with the International Monetary Fund (IMF), Finance Minister Ishaq Dar… Read More

Supreme Court (SC) employees ranging from grades BS-1 to BS-22 are set to receive a salary increase exceeding the raise… Read More

Federal Minister for Finance and Revenue Ishaq Dar Thursday claimed that geopolitics and international-level efforts are underway against Pakistan to… Read More

The Senate Standing Committee on Finance and Revenue, chaired by Senator Saleem Mandviwalla, successfully concluded its deliberation on the Finance… Read More

A meeting of the Standing Committee on Finance was held under the chairmanship of Senator Saleem Mandviwala at Parliament House… Read More

A meeting of the Standing Committee on Finance was held under the chairmanship of Senator Saleem Mandviwala at Parliament House… Read More

The government has announced the Federal Budget for FY2023-24 with Rs. 7.57 trillion in fiscal deficit which will be met… Read More

A meeting of the Standing Committee on Finance was held under the chairmanship of Senator Saleem Mandviwala at Parliament House… Read More

While the country faces a severe dollar crisis, the government does not plan on freezing foreign currency accounts, according to… Read More

A meeting of the Standing Committee on Finance and Revenue was held under the chairmanship of Senator Saleem Mandviwala at… Read More

The Senate Standing Committee on Finance and Revenue Monday unanimously opposed the proposal to increase the sales tax on branded… Read More

A meeting of the Standing Committee on Finance and Revenue was held under the chairmanship of Senator Saleem Mandviwala at… Read More

The 2023-24 fiscal budget has been the subject of much discussion in Pakistan. For the automotive sector, it is of… Read More

The Super Tax shall be collected on capital gains on the disposal of certain securities through the National Clearing Company… Read More

The government has proposed withdrawing fixed duties and taxes on the import of old and used Asian cars above 1300cc… Read More

The Rawalpindi Chamber of Commerce and Industry (RCCI) has termed the fiscal budget 2023-24 as balanced, with a special focus… Read More

Muhammad Zohaib Khan, Chairman of Pakistan Software Houses Association (P@SHA), has apprised that there are some indications that the government… Read More

Pakistan will spend around Rs. 7.302 trillion on debt servicing including interest payments and retiring its principal amounts during the… Read More

For the fiscal year 2023-24, the federal government has designated Rs. 1.804 trillion for defense purposes, representing a 13 percent… Read More

The federal government has announced the annual budget for the financial year 2023-2024. There have been no changes in taxes… Read More

The federal budget for the fiscal year 2023-24 is neutral for the local stock market, based on the initial analysis… Read More

The federal government has proposed to collect Rs. 200,000 adjustable advance tax from the employers of foreign workers employed as… Read More

The government has earmarked Rs. 97.098 billion for Education Affairs and Services in the federal budget for 2023-24 against the… Read More

Federal Minister for Finance and Revenue Ishaq Dar Friday presented budget 2023-24 in the National Assembly. He started by recalling… Read More

The federal government has announced the annual budget for the financial year 2023-2024. While it includes little to no announcements… Read More

The federal government has decided to add a new category of remittance cards, the Budget 2023-24 speech document, which is… Read More

The government has proposed special incentives for the Agriculture sector in the federal budget 2023-24 including duty exemption on the… Read More

The government has budgeted Rs. 72.597 billion from 4G licenses under the head of non-tax revenue for the next fiscal… Read More

In a significant development for the fiscal year 2023-24, the federal government has announced a 0% customs duty on imports… Read More

The government has allowed big relief for the manufacturers of Heavy Commercial Vehicles (HCVs) in the 2023-24 fiscal budget. Finance… Read More

The initial document of the budget speech shared by the Ministry of Finance with journalists contained the proposal for a… Read More

The government has imposed a customs duty (CD) of up to 15% on the import of agricultural tractors in the… Read More

The government has revised Super Tax slabs for the fiscal year 2023-24 (FY24) and introduced major changes for individuals with… Read More

The federal government’s annual budget for the financial year 2023-2024 is here, revealing changes in tax rates and some major… Read More

The fiscal year budget 2023-24 brings good news for government employees as the federal government has announced a significant salary… Read More

The fiscal budget 2023-24 has finally been released, bearing great news for the hybrid car segment in Pakistan. According to… Read More

The federal government has proposed to levy a 10 percent withholding tax to encourage payments on bonus shares for listed… Read More

The federal government has just announced the budget for the financial year 2023-2024. There is an excess of new relief… Read More

The federal government has proposed 0% tax on parts of solar PV modules panels manufacturing, machinery, and equipment, the Finance… Read More

Considering the important role of the construction and allied industries in the economic development of the country, the government has… Read More

The federal government has proposed 0% tax on parts of solar inverters, the Finance Bill 2023-24, which is available with… Read More

In a major measure to encourage the inflow of foreign currency, the federal government has decided to allow people to… Read More

To encourage digital payments in the Federal Territory of Islamabad, the government has proposed to reduce the rate of tax… Read More

The federal government has decided to impose a flat 0.6 percent tax on citizens not appearing on the Federal Board… Read More

The federal government has decided to increase the Withholding Tax (WHT) on international credit card transactions from 1 percent to… Read More

The federal government has decided to reduce tax rates on investments in the IT sector, offer tax breaks to freelancers,… Read More

Pakistan’s higher education sector is expected to face significant challenges due to the country’s current economic situation. Regrettably, the federal… Read More

The federal government has announced its plan to construct 250 mini-sports complexes across the country with funds to be allocated… Read More

The government had approved a GDP growth target of an estimated 3.5 percent for the 2023-24 financial year (FY24). According… Read More

Finance Minister Ishaq Dar will present the federal budget 2023-24 in parliament today at 4 PM. The Rs. 14.5-14.7 trillion… Read More

Inflation forecasts have been revised upwards and will remain at 28.5 -29.0 percent against the target of 11.5 percent for… Read More

The Federal Board of Revenue (FBR) has suffered a massive revenue loss of Rs. 2,239 billion in 2022-23 on account… Read More

The liquidity conditions in Pakistan’s inter-bank money market remained relatively strained during July-March FY23 as compared to the same period… Read More

The cumulative education expenditures by federal and provincial governments in the fiscal year 2022-23 (FY23) are estimated at 1.77 percent… Read More

The risks to the Federal Board of Revenue (FBR) revenue outlook are unprecedented import compression, a slowdown in economic activity,… Read More

The financing provided by banks for purchasing and building housing units slumped in the current financial year, as the incumbent… Read More

The International Labor Organization (ILO) Flagship Report (2021) has ranked Pakistan as the second largest supplier of digital labor services,… Read More

Finance Minister Ishaq Dar has said that some hidden hands were involved in keeping the Pakistani rupee undervalued artificially. At… Read More

Credit access plays a critical loan in the modernization and development of any country’s agriculture sector. Pakistan Agriculture Credit disbursement… Read More

The Economic Survey of Pakistan FY 2022-23 is out and the Agriculture Sector which contributes a lion’s share of 22.9… Read More

Pakistan’s industrial sector posted a negative growth of around 3 percent in the current fiscal year (FY23), according to the… Read More

Pakistan’s total public debt was recorded at Rs. 59,247 billion at the end-March 2023, registering an increase of Rs. 10,005… Read More

Rampant inflation and relentless economic instability have ravaged the car industry. However, despite these issues, the SUV and pickup truck… Read More

The telecom sector contributed Rs. 139 billion to the national exchequer in terms of taxes, regulatory fees, initial and annual… Read More

After witnessing stellar growth in the last two years, Pakistan’s automobile industry has fallen back to square one due to… Read More

The population of donkeys in Pakistan has increased from 5.7 million to 5.8 million during the previous fiscal year, according… Read More

The federal government has proposed a subsidy of Rs. 53.6 billion for the petroleum sector in the next fiscal year, according… Read More

Finance Minister Ishaq Dar is presenting the Economic Survey for the outgoing fiscal year (FY23) at a press conference in… Read More

The federal government might allow people in the upcoming fiscal year to bring in up to $100,000 from abroad without… Read More

The Pakistani rupee reversed its 4-day losing streak against the US Dollar during intraday trade today after opening trade at… Read More

The federal government has decided to allocate Rs. 59.7 billion in funding to the Higher Education Commission (HEC) for countrywide… Read More

Prime Minister Shehbaz Sharif Thursday approved revolutionary programs aimed at helping youth, women, and farmers in the upcoming 2023-24 budget.… Read More

Pakistan must satisfy the International Monetary Fund (IMF) on the proper functioning of the Foreign exchange market, a federal budget… Read More

The Federal Government has proposed a Rs. 3 billion budget for the Industries and Production Division under Public Sector Development… Read More

The federal government has proposed to tax the foreign income of exporters in the budget for the fiscal year 2023-24,… Read More

The Federal government has estimated around $1 billion in savings through energy efficiency and conservation measures. According to details, Pakistan’s… Read More

Amid the planned revival of different initiatives under the China-Pakistan Economic Corridor (CPEC) framework, the federal government has proposed around… Read More

The federal government is likely to allocate around Rs. 170 billion for National Highway Authority (NHA) under the Public Sector… Read More

The Government of Pakistan has proposed to allocate a substantial amount to the Higher Education Commission (HEC) in the FY2023-24… Read More