The Water and Power Development Authority (WAPDA) will pay Rs 48.1 billion for Interest During Construction (IDC) of the Chashma… Read More
Govt Forced to Revise Income Tax Slabs After IMF Reservations
Pakistan is left with no option but to consider bringing changes to the new income tax slabs for the salaried… Read More
SECP Allows Mutual Funds to Invest in ‘A’ or Above-Rated Banks
In a major move to provide ease of doing business and expand investment avenues for mutual funds, the Securities and… Read More
Construction Sector Under Pressure as Steel Prices Skyrocket
The domestic prices of steel rebars have crossed the Rs. 222,000 per ton mark due to a sudden surge in… Read More
New Taxes on Banks Will Reduce Their Profitability by 15-20%: Report
New taxes for the banking sector under the federal budget 2022-23 are likely to significantly impact profitability by 15-20 percent,… Read More
Govt Proposes Tax Exemption for Karandaaz Pakistan and Other NPOs
The federal government has proposed giving tax exemption to Non-Profit Organizations (NPOs), including Karandaaz Pakistan. According to the Finance Bill… Read More
Govt Should Withdraw Proposed Property Tax in Budget 2022-23: RCCI
The Rawalpindi Chamber of Commerce and Industry (RCCI) has demanded that the government withdraw the property tax imposed in the… Read More
FATF to Decide Pakistan’s Grey List Status This Week
The Global Cooperation Review Group of the Financial Action Task Force (FATF) will meet in Berlin, Germany between 14 and… Read More
Lucky Cement Mulls Over Setting Up Renewable Energy Unit at Karachi Plant
The management of Lucky Cement is planning to set up a renewable energy project at its plant in Karachi. It… Read More
Govt Allocates Rs. 1.31 Billion for By-elections in Next Fiscal Year
The federal government has allocated Rs. 1.31 billion for the conducting of by-elections in the next fiscal year. According to… Read More
New Tax on Non-Productive Immovable Properties Cannot Be Challenged in Courts
Chairman Federal Board of Revenue (FBR) Asim Ahmad said Saturday that the tax proposed under Finance Bill 2022 on ‘deemed… Read More
Govt Imposes Taxes on IT Export Proceeds
The government has imposed a 0.25 percent tax on the export proceeds of computer software or IT services through Finance… Read More
