The Senate Standing Committee on Finance and Revenue convened its 9th consecutive session to finalize recommendations on the Finance Bill… Read More
Telecom Industry Warns New Budget Taxes on Phones, Services Will Hamper Digital Progress
The telecom industry raised alarms over the proposed imposition of taxes on mobile handsets and telecom services in the country.… Read More
Senator Faisal Vawda Unhappy With Non-Filers Getting Exemptions for Umrah, Hajj
Senator Faisal Vawda today questioned the rationale behind exemptions for non-filers during religious pilgrimages like Hajj and Umrah and suggested… Read More
New Tax Law Gives FBR Authority to Demand Wealth Statements From Anyone
The Finance Bill 2024 has allowed the Commissioner Federal Board of Revenue (FBR) to demand wealth statements and details of… Read More
NEPRA Imposes Fixed Charges of Up to Rs. 1,000 Per Month on Electricity Consumers
The National Electric Power Regulatory Authority (NEPRA) has imposed fixed charges ranging from Rs. 200 to Rs. 1,000 per month… Read More
Salaried Class Penalized While Agriculture Sector Evades Taxes: Salaried Class Alliance
The salaried class pays tax on gross earnings without any allowable deduction, as against other classes of taxpayers, so the… Read More
Senate Committee Opposes Increasing Tax on Electric, Hybrid Cars in Budget 2024-25
A meeting of the Senate Standing Committee on Finance and Revenue was held under the chairmanship of Senator Saleem Mandviwala… Read More
Govt Likely to Amend Finance Bill 2024 For Phase-Wise Implementation of Sales Tax on Formula Milk
The government may amend Finance Bill 2024 to impose phase-wise sales tax on infant formula etc. The phase-wise taxation under… Read More
Budget FY25 Boosts Chances of New IMF Program Despite Issues: Fitch Ratings
Pakistan’s ambitious FY2024-25 budget strengthens prospects for an IMF deal, Fitch Ratings said in a report on Tuesday. It is… Read More
Planning Ministry Unveils National Economic Transformation Unit For PSDP 2024-25
The Ministry of Planning and Development, under the leadership of Minister Ahsan Iqbal, has announced the establishment of the National… Read More
Pakistan’s Tax Revenue Likely to Increase by 40% in Upcoming Fiscal Year
Pakistan’s tax growth (including petroleum development levy) is projected to reach 40 percent for fiscal year 2024-25 compared to a… Read More
Relief to Salaried Class Impossible When Govt Institutions Are Operating At A Loss: Aurangzeb
Finance Minister Muhammad Aurangzeb on Tuesday said the federal government was finding it very hard to give relief to the… Read More
