Unused development funds have crossed the Rs. 10 trillion mark as key ministries have failed to spend allocated funds to… Read More
74% of Pakistanis Are Struggling Financially
Financial difficulties among urban households in Pakistan have surged by 14% over the past year, resulting in a staggering 74%… Read More
FBR to Charge Up to 15% Tax on Profit on Development and Sale of Property
The Federal Board of Revenue (FBR) has shared details on the collection of taxes on earnings from real estate developers… Read More
Here Is How Govt Will Spend on Development Projects This Fiscal Year
The Finance Division has issued a strategy for the release of funds for the development budget for the financial year… Read More
IMF Staff Level Agreement Likely This Month: Finance Minister Aurangzeb
Finance Minister Muhammad Aurangzeb on Thursday told the National Assembly Standing Committee on Finance and Revenue that a staff-level agreement… Read More
IATA Demands Pakistan to Lower Tax Rate on Airline Tickets
The International Air Transport Association (IATA) has called on Pakistan to reduce the new tax on airline tickets. The federal… Read More
Banks Are Now Charging New Tax on Netflix Subscription Fees in Pakistan
After forcing banks to deduct 13 percent of provincial sales tax on advertisement services last year, the Sindh Revenue Board… Read More
FBR Incurs Rs. 78 Billion Annual Loss Due to Tax Exemptions Given to Pensioners
The income tax exemption to pensioners has caused an annual revenue loss of Rs. 78 billion to the national kitty.… Read More
Govt Imposes Up to 20% Tax on Prize Bond, Lottery Winners
The federal government has imposed a fixed tax rate of up to 20 percent on winnings from prize bonds and… Read More
Govt Imposes Fixed Taxes on Imported Mobile Phone Kits and CBUs
The federal government has imposed a fixed tax rate up to Rs. 5,200 per kit on the import of mobile… Read More
Auto Industry Asks Govt to Impose 25% Regulatory Duty on Small Used Cars
The auto industry has requested the federal government to impose a 25 percent regulatory duty on imported small (used) cars… Read More
Airlines Announce Huge Increase in International Ticket Price After New Tax
Bad news for people looking to travel abroad as all airlines have announced a substantial hike in the federal excise… Read More
