The federal budget for the fiscal year 2023-24 is neutral for the local stock market, based on the initial analysis… Read More
Elite to Pay Tax on Hiring Foreign Domestic Workers
The federal government has proposed to collect Rs. 200,000 adjustable advance tax from the employers of foreign workers employed as… Read More
Govt Announces Biggest Tax Relief on Laptops, PCs, Hardware and Battery Parts
The federal government has announced the annual budget for the financial year 2023-2024. While it includes little to no announcements… Read More
Tax Reduction on Telecom Services Mysteriously Vanishes from Budget 2023-24 [Updated]
The initial document of the budget speech shared by the Ministry of Finance with journalists contained the proposal for a… Read More
Govt to Charge 10% Withholding Tax on Bonus Shares Issued by Listed/Non-Listed Companies
The federal government has proposed to levy a 10 percent withholding tax to encourage payments on bonus shares for listed… Read More
Here Are the Salient Features of Budget 2023-24
The federal government has just announced the budget for the financial year 2023-2024. There is an excess of new relief… Read More
Govt Announces Big Discount for Payments at Islamabad Restaurants Using Cards and Wallets
To encourage digital payments in the Federal Territory of Islamabad, the government has proposed to reduce the rate of tax… Read More
Govt Imposes Tax on Non-Filers For Cash Withdrawals Exceeding Rs. 50,000
The federal government has decided to impose a flat 0.6 percent tax on citizens not appearing on the Federal Board… Read More
Govt Increases Withholding Tax on International Credit Card Spending by 5 Times
The federal government has decided to increase the Withholding Tax (WHT) on international credit card transactions from 1 percent to… Read More
Merger Between Finca and Apna Microfinance Banks Off the Table
After months of speculation, ProPakistani can today exclusively reveal that the proposed merger between Finca Bank and Apna Microfinance Bank… Read More
Ishaq Dar to Present Federal Budget 2023-24 Today
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
SBP Splashed A Little Too Much Cash into Open Market During July-March FY23: Economic Survey
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
