Rampant inflation and relentless economic instability have ravaged the car industry. However, despite these issues, the SUV and pickup truck… Read More
Car Industry Down in The Dumpster: Economic Survey
After witnessing stellar growth in the last two years, Pakistan’s automobile industry has fallen back to square one due to… Read More
FBR Formulating New Scheme for Traders to Replace Fixed Tax Regime
The Federal Board of Revenue (FBR) is chalking out a new scheme for the trader’s community in consultation with the… Read More
‘Overbudget’ Lowari Tunnel Costs Skyrocket by 471% in 18 Years
The cost of the Lowari Tunnel Project escalated by around 475 percent to Rs. 46 billion during the last 18… Read More
Parliaments Passes Amendments to Levy Heavy Taxes on Major Industries
The National Assembly of Pakistan has approved a 10 percent super tax on income of more than Rs. 300 million.… Read More
National Assembly Approves Revised Budget for FY23
The National Assembly Wednesday approved the revised budget of Rs. 9.9 trillion for fiscal year 2022-23 (FY23) with major amendments.… Read More
FBR Creates Virtual Business Domain Team to Improve Tax Payment Systems
The Federal Board of Revenue (FBR) has created a Virtual Business Domain Team (V-BDT) of tax officials for improving tax… Read More
National Assembly to Approve Rs 9.9 Trillion Revised Budget Today
The parliament is likely to approve the budget for the fiscal year 2022-23 (FY23) worth Rs. 9.9 trillion today (Wednesday)… Read More
Govt Tables 68 Unapproved Projects for Inclusion in PSDP 2022-23
Ignoring approved projects, the government has proposed 68 unapproved projects with an estimated cost of around Rs. 450 billion for… Read More
Proposed Property Tax Levied in Finance bill 2022-23 Discourages Business Expansions: RCCI
Rawalpindi Chamber of Commerce and Industry (RCCI) President Nadeem Rauf and Group Leader Sohail Altaf in a joint statement demanded… Read More
Govt to Present Rs. 27.8 Trillion Charged Expenditure for FY23 in National Assembly Today
The Federal Government will present a charged expenditure of Rs. 27,886 billion, including debt servicing on domestic and foreign loans… Read More
Super Tax Draws Ire from Stakeholders
Former Chairman Federal Board of Revenue (FBR), Shabbar Zaidi, has said it is the first time in the history of… Read More