While the country faces a severe dollar crisis, the government does not plan on freezing foreign currency accounts, according to… Read More
Senate Committee Defers Matter of 10% Tax on Bonus Shares
A meeting of the Standing Committee on Finance and Revenue was held under the chairmanship of Senator Saleem Mandviwala at… Read More
Senate Body Opposes Proposal to Hike Sales Tax on Branded Clothes
The Senate Standing Committee on Finance and Revenue Monday unanimously opposed the proposal to increase the sales tax on branded… Read More
New Budget As Per IMF Framework: State Minister Finance and Revenue
A meeting of the Standing Committee on Finance and Revenue was held under the chairmanship of Senator Saleem Mandviwala at… Read More
Good News and Bad News for New Car Buyers
The 2023-24 fiscal budget has been the subject of much discussion in Pakistan. For the automotive sector, it is of… Read More
NCCPL to Collect Super Tax on Capital Gains
The Super Tax shall be collected on capital gains on the disposal of certain securities through the National Clearing Company… Read More
Car Prices Likely to Rise After Govt Removes Limit on Import Duties
The government has proposed withdrawing fixed duties and taxes on the import of old and used Asian cars above 1300cc… Read More
RCCI Terms Budget 2023-24 as Balanced, Growth-Driven and Industry Friendly
The Rawalpindi Chamber of Commerce and Industry (RCCI) has termed the fiscal budget 2023-24 as balanced, with a special focus… Read More
IT Industry Demands Consistency in Govt Policies for At least 10–15 Years
Muhammad Zohaib Khan, Chairman of Pakistan Software Houses Association (P@SHA), has apprised that there are some indications that the government… Read More
Over Half of Pakistan’s Budget is Spent on Paying Back Debt in FY 2023-24
Pakistan will spend around Rs. 7.302 trillion on debt servicing including interest payments and retiring its principal amounts during the… Read More
Government Increases Defence Budget to Rs 1.8 Trillion
For the fiscal year 2023-24, the federal government has designated Rs. 1.804 trillion for defense purposes, representing a 13 percent… Read More
Prices for Locally Assembled and Imported Smartphones Remain Unchanged
The federal government has announced the annual budget for the financial year 2023-2024. There have been no changes in taxes… Read More
