The federal government has proposed a reduction of up to 10 percent in super tax rates for individuals with annual… Read More
Govt Increases Advance Tax on Cash Withdrawals for Non-Filers
The federal government has increased the rate of deduction of advance tax on cash withdrawals by non-filers. Previously, the rate… Read More
Budget 2025-26: Govt Gives Income Tax ‘Relief’ to Salaried Class
The new income tax slabs for the salaried class under the federal budget 2025-26 revealed that a smaller rate of… Read More
Govt Approves 10% Increase in Salaries of Govt Employees [Updated]
Update: Prime Minister Shehbaz Sharif has reportedly intervened following a protest by government employees outside the parliament house and increased… Read More
Govt Approves 7% Increase in Pension of Govt Officers
The federal cabinet has approved an increase in pensions by 7 percent in the budget for the fiscal year 2025-26.… Read More
Govt to Slap Rs. 500,000 Fine, 3-Year Prison Sentence for Using Wrong CNIC Numbers and NTNs
The federal government has introduced new measures in the 2025-26 budget to combat tax evasion and misuse of National Tax… Read More
Cigarettes to Get More Expensive After New Tax Bomb
The federal government is imposing a 6 percent withholding tax on cigarette distributors in the 2025-26 budget, senior sources told… Read More
Govt Sets Rs. 14.2 Trillion Tax Collection Target for FY25
The federal government has set an audacious Rs. 14.2 trillion tax collection target for the Revenue Division in the budget… Read More
Govt to Impose 5% Tax on Local and International Tech Companies Generating Revenues in Pakistan
The federal government is introducing the “Digital Presence” Proceeds Levy Act, 2025, which imposes a new tax on foreign vendors… Read More
Pakistan’s Cash in Circulation Jumps by Rs. 1.1 Trillion in 2024-25
Pakistan’s Currency in Circulation (CIC) increased by Rs 1,108 billion (12.1 percent) during July-March FY 2024-25 compared to a decrease… Read More
Govt Gave Rs. 5.8 Trillion Tax Break This Year Despite FBR Revenue Shortfall
The federal government gave tax exemptions worth Rs. 5.84 trillion to various sectors during the ongoing fiscal year, with the… Read More
Govt Cuts Borrowing by Rs. 2.8 Trillion in FY25
During July-March FY 2025, the Government sector borrowing for budgetary support decreased to Rs. 1,320 billion compared to Rs. 4,219.5… Read More
