The fiscal budget 2023-24 has finally been released, bearing great news for the hybrid car segment in Pakistan. According to… Read More
Govt to Charge 10% Withholding Tax on Bonus Shares Issued by Listed/Non-Listed Companies
The federal government has proposed to levy a 10 percent withholding tax to encourage payments on bonus shares for listed… Read More
Here Are the Salient Features of Budget 2023-24
The federal government has just announced the budget for the financial year 2023-2024. There is an excess of new relief… Read More
Solar Panels About to Get Much Cheaper as Govt Unveils Big Relief in Budget 2023-24
The federal government has proposed 0% tax on parts of solar PV modules panels manufacturing, machinery, and equipment, the Finance… Read More
Construction and Property Sector to Get 10% Tax Relief in Budget 2023-24
Considering the important role of the construction and allied industries in the economic development of the country, the government has… Read More
Solar Inverters to Become Tax Free After Budget 2023-24
The federal government has proposed 0% tax on parts of solar inverters, the Finance Bill 2023-24, which is available with… Read More
Govt Launches Amnesty to Bring Dollars Into the Country
In a major measure to encourage the inflow of foreign currency, the federal government has decided to allow people to… Read More
Govt Announces Big Discount for Payments at Islamabad Restaurants Using Cards and Wallets
To encourage digital payments in the Federal Territory of Islamabad, the government has proposed to reduce the rate of tax… Read More
Govt Imposes Tax on Non-Filers For Cash Withdrawals Exceeding Rs. 50,000
The federal government has decided to impose a flat 0.6 percent tax on citizens not appearing on the Federal Board… Read More
Govt Increases Withholding Tax on International Credit Card Spending by 5 Times
The federal government has decided to increase the Withholding Tax (WHT) on international credit card transactions from 1 percent to… Read More
Govt Announces Tax Relief for Freelancers, IT Sector and Bank Loans
The federal government has decided to reduce tax rates on investments in the IT sector, offer tax breaks to freelancers,… Read More
Higher Education Sector Faces Funding Cuts Amidst Economic Struggles
Pakistan’s higher education sector is expected to face significant challenges due to the country’s current economic situation. Regrettably, the federal… Read More
