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
Govt Imposes 2% Additional Customs Duty on 2,200 Items
The government has imposed a 2 percent additional customs duty on 2200 items to collect billions in revenue during the… Read More
Govt Imposes Up to 55% Regulatory Duty on Imported Goods
The Finance Bill 2024 has imposed increased regulatory duties on a wide range of imported goods, with rates varying from… Read More
Packaged Milk Is Now 25% More Expensive Thanks to New Taxes
The price of packaged milk has increased by Rs. 75 per liter or 25 percent after the federal government’s pro-IMF… Read More
Cement Prices Increase in Pakistan After Budget
The retail price of cement has been increased up to Rs. 120 per bag in Pakistan. According to JS Global,… Read More
