Finance Minister Miftah Ismail has proposed to increase the current tax rate on the banking companies from 39 percent to… Read More
Govt Imposes Tax on International Payments Through Debit and Credit Cards
An advance withholding tax will be levied on international payments (money sent out of Pakistan) through credit cards, debit cards,… Read More
Govt Caught Lying About ‘Huge’ Increase in HEC Budget for 2022-23
The Finance Ministry has allocated Rs. 109 billion for the Higher Education Commission (HEC) in the annual budget for FY2022-23… Read More
Govt to Re-Impose Sales Tax on Petroleum Products
The Government of Pakistan has decided to re-impose the General Sales Tax (GST) on petroleum products, as per official sources… Read More
Govt Allocate Rs. 500 Million for Another BRT Project in Islamabad
The federal government has earmarked Rs. 500 million for Bhara Kahu to Faizabad Bus Rapid Transit (BRT) project in the… Read More
Islamabad to Get a New University
The Finance Ministry has set aside a total of Rs. 1.69 billion for 260 Public Sector Development Projects (PSDP) projects… Read More
Govt Increases Luxury Tax on New Cars Over 1600cc by 100%
The government has released the fiscal budget for 2022-23 which shows several significant changes. Under the new budget, the government… Read More
Tax-to-GDP Ratio Hits the Lowest Level in History
The tax-to-gross domestic product (GDP) ratio is now at the lowest level of 8.5 percent, revealed the Pakistan Economic Survey… Read More
Pakistan Budget 2022-23 [Live Updates]
The budget largely focuses on Pakistan’s fiscal policy, which will strive to maintain Pakistan’s economic growth at over 5 percent,… Read More
Pakistan’s Media Industry Likely to Attract $3 Billion Investment
Pakistan Electronic Media Regulatory Authority (PEMRA) issued several new licensees for Direct-to-Home (DTH), satellite TV channels, FM radios, and teleport… Read More
Pakistan’s Federal and Provincial Development Spending for PSDP 2022-23 is Rs. 2263 Billion
Pakistan’s total development spending (federal and provincial) is Rs. 2,263 billion, while the foreign exchange component of the entire development… Read More
Pakistan’s Football Exports Witness Massive Increase
According to the official Economic Survey, Pakistan’s sports industry, particularly the football manufacturing industry, witnessed a massive increase in its… Read More
