The federal government has decided to establish a new department called (Tax Fraud Investigation Wing Inland Revenue) to detect and… Read More
NA Set to Pass Budget Ahead of Talks with IMF Over New Loan Deal
The National Assembly is set to pass the Finance Bill 2024 for the upcoming fiscal year today paving the way… Read More
Govt Decides Against Rs. 20 Per Liter Increase in Petroleum Development Levy for 2024-25
The federal government has decided not to increase the petroleum development levy (PDL) by Rs. 20 per liter on MS… Read More
P@SHA Urges Higher Tax Rate on Remote Workers in Budget
Atif Iqbal Sheikh, President FPCCI, has voiced strong concerns about the recently announced Federal Budget 2024 – 25 vis-à-vis the… Read More
Govt Might Retain 15% Income Tax on Banks’ Profits After PM’s Orders
Prime Minister Shehbaz Sharif has likely dented any chances of withdrawal of 15 percent income tax on banks after ordering… Read More
Govt Attempts to Give Small Relief to Non-Filers at The 11th Hour
The federal government, just before the passage of next year’s Finance Bill, proposed some important amendments related to non-filers, wealth… Read More
Get Ready to Pay 18% Sales Tax on Joshanda From Next Week
The federal government has decided to withdraw tax exemptions on herbal and homeopathic medicines and impose an 18 percent sales… Read More
Taxpayers Criticize “Discriminatory” Finance Bill 2024, Call for Comprehensive Reforms
Tax Payers Alliance Pakistan (TPAP) – an initiative of the economic think tank PRIME (Policy Research Institute of Market Economy),… Read More
Govt Likely to Withdraw 15% Income Tax on Banks’ Profits
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
