The federal government will likely abolish up to 15 percent additional income tax on the banks’ profits made by extending… Read More
Govt to Impose Sales Tax on Stationery Items Despite Aurangzeb’s Announcement
The government will impose a sales tax on stationery items despite the announcement of Finance Minister Muhammad Aurangzeb, during the… Read More
IMF Stops Pakistan From Giving Key Tax Concessions in Finance Bill 2024
The International Monetary Fund (IMF) has declined key concessions proposed in the Finance Bill 2024. The IMF has also refused… Read More
Petrol, Diesel Prices Likely to Increase This Week
MS petrol and High-Speed Diesel (HSD) prices are expected to rise sharply on the last day of the current fiscal… Read More
Govt Withdraws 25% Sales Tax on Hybrid Vehicles
The federal government has withdrawn proposal to impose 25 percent sales tax on hybrid electric vehicles (HEVs) in Finance Bill… Read More
Govt Takes U-Turn On Raising Retirement Age of Its Employees
The federal government has scrapped a proposal to increase the retirement age of public sector employees, military personnel, and civil… Read More
Govt to Block Bank Accounts of Non-Filers Under Amended Finance Bill 2024
The government is likely to block bank accounts of non-filers and has also decided to fix the amount of sales… Read More
Pakistan Tea Association Rejects “Discriminatory” Taxation in Budget 2024-25
Pakistan Tea Association (PTA) has expressed its profound concerns and apprehensions vis-a-vis the proposed budget’s continuation of sales tax and… Read More
American Business Council Asks Govt to Reconsider Removal of 25% Advertising Expense Policy
The American Business Council has urged the federal government to reconsider the removal of the 25 percent Sales Promotion, Advertising… Read More
Govt Might Withdraw Proposal to Bring Exporters Under Normal Tax Regime
The government is considering withdrawing its proposal to bring exporters into the normal tax regime. Instead, it may impose a… Read More
Senate Finance Committee Unanimously Rejects Proposal to Increase Taxes On Salaried Class
The Senate Committee on Finance and Revenue on Monday unanimously rejected the federal government’s proposal to increase taxes on salaried… Read More
Shehzad Roy Convinces Govt to Reconsider Book Tax, Withdrawal of Tax Rebate on Teachers
Prime Minister Shehbaz Sharif and Planning Minister Ahsan Iqbal have reassured Pakistani singer Shehzad Roy that the government will reconsider… Read More
