The federal government has decided to increase the Withholding Tax (WHT) on international credit card transactions from 1 percent to… Read More
Govt Announces Tax Relief for Freelancers, IT Sector and Bank Loans
The federal government has decided to reduce tax rates on investments in the IT sector, offer tax breaks to freelancers,… Read More
Higher Education Sector Faces Funding Cuts Amidst Economic Struggles
Pakistan’s higher education sector is expected to face significant challenges due to the country’s current economic situation. Regrettably, the federal… Read More
Govt to Construct 250 Mini Sports Complexes at a Cost of Rs. 12 Billion
The federal government has announced its plan to construct 250 mini-sports complexes across the country with funds to be allocated… Read More
Govt Sets Wild Targets for Overall Growth in 2023-24
The government had approved a GDP growth target of an estimated 3.5 percent for the 2023-24 financial year (FY24). According… Read More
Ishaq Dar to Present Federal Budget 2023-24 Today
Finance Minister Ishaq Dar will present the federal budget 2023-24 in parliament today at 4 PM. The Rs. 14.5-14.7 trillion… Read More
Pakistan’s Inflation to Remain Above 28.5% in FY23 Amid Global Crisis
Inflation forecasts have been revised upwards and will remain at 28.5 -29.0 percent against the target of 11.5 percent for… Read More
Govt Has Given Over Rs. 2.2 Trillion in Tax Exemptions So Far in FY23
The Federal Board of Revenue (FBR) has suffered a massive revenue loss of Rs. 2,239 billion in 2022-23 on account… Read More
SBP Splashed A Little Too Much Cash into Open Market During July-March FY23: Economic Survey
The liquidity conditions in Pakistan’s inter-bank money market remained relatively strained during July-March FY23 as compared to the same period… Read More
Pakistan Spent Just 1.7% of GDP on Education in FY23
The cumulative education expenditures by federal and provincial governments in the fiscal year 2022-23 (FY23) are estimated at 1.77 percent… Read More
Economic Survey Highlights Import Compression as Risk to FBR’s Tax Collection
The risks to the Federal Board of Revenue (FBR) revenue outlook are unprecedented import compression, a slowdown in economic activity,… Read More
Housing Finance Slumps in FY23 as Govt Falls Short of Expectations
The financing provided by banks for purchasing and building housing units slumped in the current financial year, as the incumbent… Read More
