Update: Prime Minister Shehbaz Sharif has reportedly intervened following a protest by government employees outside the parliament house and increased… Read More
Govt Approves 7% Increase in Pension of Govt Officers
The federal cabinet has approved an increase in pensions by 7 percent in the budget for the fiscal year 2025-26.… Read More
Concealing Income Will Now Result in Heavy Fines, Jail
Under proposed changes in the Income Tax Ordinance, for people concealing income or furnished inaccurate particulars that results in revenue… Read More
Govt Likely to Impose Tax on Capital Assets Exceeding Rs. 1 Billion in Value
The federal government is presenting the budget for FY 2025-26 today. The government is set to impose a 1% tax… Read More
Govt to Slap Rs. 500,000 Fine, 3-Year Prison Sentence for Using Wrong CNIC Numbers and NTNs
The federal government has introduced new measures in the 2025-26 budget to combat tax evasion and misuse of National Tax… Read More
Petrol to Become More Expensive as Govt Likely to Slap Carbon Levy
The government is set to impose a carbon levy of Rs. 2.5 per liter on petroleum products in the federal… Read More
Frozen Food, Cold Drinks, Noodles, Ice Cream and Biscuits to Become Expensive in Budget
The upcoming federal budget for the 2025-26 fiscal year is set to include proposals for new excise duties on several… Read More
Govt Set to Give Big Tax Relief For Those With Lower Salaries
The likely new income tax slabs for the salaried class under the federal budget 2025-26 revealed that a smaller rate… Read More
Govt Likely to Raise Pensions Up to 10%
The federal government has decided to increase pensions by up to 7-10% in the upcoming budget for the fiscal year… Read More
Govt Likely to Increase Salaries by 6%
The federal government has decided to increase the salaries and pensions in the upcoming budget for the fiscal year 2025-26,… Read More
Cigarettes to Get More Expensive After New Tax Bomb
The federal government is imposing a 6 percent withholding tax on cigarette distributors in the 2025-26 budget, senior sources told… Read More
Movie Ticket Prices to Become More Expensive After Budget
The federal government has decided to end the income tax exemption granted to cinemas, reversing a relief measure that was… Read More
