The government has proposed an allocation of Rs. 16.29 billion for ongoing projects of the Information Technology and Telecommunication Division… Read More
Govt Imposes 5% Tax on Anyone Earning from Social Media
The Senate Standing Committee on Finance and Revenue has approved a proposal to impose a 5 percent withholding tax on… Read More
IT and Telecom Ministry Budget Increased by 15.8% to Rs. 22 .50 Billion
The federal government has proposed increasing the budget of the Ministry of Information Technology and Telecommunication by 15.8 percent for… Read More
Major Tax Break Approved for Pakistanis With Foreign Properties
The Senate Standing Committee on Finance and Revenue has approved a budget proposal to abolish the Capital Value Tax (CVT)… Read More
FBR to Get New Powers to Recheck Business Records
The Senate Standing Committee on Finance and Revenue has approved a proposal empowering the Federal Board of Revenue (FBR) to… Read More
Pakistan Stock Brokers See Budget 2026-27 as a Big Win for Investors
The Pakistan Stock Brokers Association (PSBA) has welcomed the Federal Budget 2026-27, describing it as a balanced, growth oriented, and… Read More
Senate Body Rejects Exclusive Aircraft Tax Break for PIA
The Senate Standing Committee on Finance on Sunday opposed a proposal to grant sales tax exemption on the import of… Read More
Govt Warns of Oil Shock, Debt and Climate Risks to Budget 2026-27
The federal government has warned that rising global oil prices, slower economic growth, weaker revenue collection, higher debt servicing costs,… Read More
Pakistan Abolishes 18% Sales Tax on Shipping Industry
The federal government has withdrawn the 18 percent sales tax on Pakistan’s shipping industry in the Budget 2026-27 to cut… Read More
Textile Industry Seeks Final Tax Status for Exporters to End All Income Tax Liability
The Pakistan Textile Council (PTC) has welcomed the business-and export-oriented measures announced in the Finance Bill 2026–27. While supporting the… Read More
Banks to Send Customer Transaction Data to FBR to Detect Tax Evasion
The Federal Board of Revenue (FBR) has proposed a major digital surveillance mechanism to detect tax evasion through real-time integration… Read More
Ex-Minister Gohar Ejaz Wants Flat 5%, 10%, 20% Tax on Salaried Class in Budget
Former federal minister and founder of Lahore’s Lake City project Gohar Ejaz has urged the government to provide additional tax… Read More
