The Punjab government has imposed a 16 percent sales tax on the rental of commercial properties starting July 1, 2025,… Read More
SBP Developing Simplified Digital Payments to Boost Cashless Economy
The State Bank of Pakistan (SBP) is working on simplified digital payment packages and incentives for small businesses to accelerate… Read More
Industries to Collapse As Furnace Oil Will Now Become 80% More Expensive: OCAC
The Oil Companies Advisory Council (OCAC) has warned that new petroleum and climate support levies on furnace oil will increase… Read More
Govt to Revise Policy to Rescue $6 Billion in Refinery Upgrade Projects
The Petroleum Division will issue its final, non-extendable timelines to resolve a big sales tax exemption issue in order to… Read More
Salaried Class Paid Over Double the Tax of Exporters, Retailers Combined in FY25
The salaried class paid Rs. 545 billion in income tax in FY2024-25, more than double the combined Rs. 242 billion… Read More
Govt to Phase Out Remittance Incentives to Save Rs. 118 Billion
The federal government has decided to scale back remittance incentives offered to overseas Pakistanis from July 1, 2025, to reduce… Read More
Everything You Need to Know About SBP’s Biometrics Requirement for Cash Depositors
With the rapid rise of mobile financial services and digital wallets in Pakistan in recent years, a growing number of… Read More
CCP Upholds Rs. 150 Million Penalty Against Reckitt’s Strepsils
The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by Reckitt Benckiser in the Strepsils case due to non-prosecution.… Read More
Rupee Hits 396 Against British Pound in Open Market
The Pakistani rupee (PKR) posted losses third day in a row against the US Dollar (USD) and also against the… Read More
Courier Companies Announce Increase in Delivery Charges After New Taxes
Major courier companies have notified their customers, including registered E-commerce companies and online traders, that the government will charge them… Read More
Audit Exposes Possible Corruption Worth Billions by PCB in PSL
The Public Accounts Committee (PAC) subcommittee chaired by Malik Amir Dogar on Wednesday reviewed the Cabinet Division’s Audit Report for… Read More
FBR Closes Major Tax Loophole Used By Banks on Rented Properties
The Federal Board of Revenue (FBR) has revised the income tax deduction system for banks operating in rental/leased properties from… Read More
