The Finance Bill 2024 has imposed increased regulatory duties on a wide range of imported goods, with rates varying from… Read More
Packaged Milk Is Now 25% More Expensive Thanks to New Taxes
The price of packaged milk has increased by Rs. 75 per liter or 25 percent after the federal government’s pro-IMF… Read More
Cement Prices Increase in Pakistan After Budget
The retail price of cement has been increased up to Rs. 120 per bag in Pakistan. According to JS Global,… Read More
Salaried Class Appeals to Supreme Court Against ‘Unfair Taxes’ in Budget
The Salaried Class Alliance of Pakistan has appealed to the Supreme Court of Pakistan to take suo moto notice against… Read More
Govt to Tax Dual Nationals, Tech Companies for Income Generated in Pakistan
The government has expanded the scope of taxation for those non-residents who earn income in Pakistan through digital means/presence under… Read More
Aurangzeb Confident to Get New IMF Loan After Passage of Tax-Heavy Budget
Finance Minister Muhammad Aurangzeb said today he was quite optimistic that Pakistan will get a new and final bailout from… Read More
President Asif Ali Zardari Approves IMF-Made Finance Bill 2024
President Asif Ali Zardari has approved the Finance Bill 2024 under Article 75 for fiscal year 2024-25. The approval comes… Read More
Pakistan’s Disastrous IMF-Made Budget: Tax Everything, Give Nothing, Expect Nothing
Pakistan on Friday quickly passed the IMF-made Federal Budget 2024-25 with some 11th-hour tweaks that effectively doubled the tax rate… Read More
Govt Imposes 1% Advance Tax on All Exporters
The exporters of goods, whether direct or indirect exporters, shall be subject to advance tax at 1 percent of the… Read More
Govt Exempts FBR From Paying Court Fees on Filing Cases Against Taxpayers
The government has exempted Commissioner Inland Revenue from payment of a court fee of Rs. 50,000 on filing an income… Read More
Govt Slaps 10% Surcharge on High Earners
The federal government has imposed a 10 percent surcharge on the tax liability of high-earners under the Finance Bill 2024.… Read More
Govt Imposes Fixed Tax of Up to Rs. 1.5 Million on Residential Plots
The federal government has imposed a capital value tax (CVT) on farmhouses and big houses in Islamabad. According to the… Read More