The government has proposed significant changes in the tax framework of the capital gain on immovable properties under the federal… Read More
Govt to Raise FED on Mobile Balance Usage to 19.5%
The government has decided to raise the Federal Excise Duty (FED) on telecommunication services from 16 percent to 19.5 percent… Read More
Ignite Approves Launch of New Funds for Pakistani Startups and Innovators
The 91st meeting of the Board of Ignite National Technology Fund approved the annual budget for 2022-23 and the revamped… Read More
Indirect Taxes Account for 60% of Total Tax Collection in FY22: Economic Survey
Indirect taxes contributed to more than 60 percent of the Federal Board of Revenue’s (FBR) total tax collection during 2021-22.… Read More
Importers Demand Withdrawal of ‘Cruel’ Policy on Smartphone Industry
The Mobile Phone Importers and Manufacturers Association (MPIMA), in a letter to Finance Minister Miftah Ismail, has demanded the cancelation… Read More
Debt Burden Likely to Swell to Rs. 4 Trillion Next Fiscal Year
The burden of debt servicing on the national exchequer is likely to swell to Rs. 4 trillion due to heavy… Read More
Govt Push to Keep Pakistan’s Islamic Finance Industry on Growth Path: Fitch Ratings
The Islamic finance industry in Pakistan is expected to continue its growth trajectory over the medium term, driven by strong… Read More
Govt to Grant Special Performance Incentives to Officers
The government has decided to grant special performance incentives to officials equal to one month’s basic pay. On Prime Minister’s… Read More
Pakistan Seeks Extra LNG Cargoes from Qatar to Ease Fuel Shortage
Pakistan is in talks with Qatar to expand liquefied natural gas (LNG) deliveries in a desperate bid to address the… Read More
SBP Allows DFIs to Participate in Open Market Operations
The State Bank of Pakistan (SBP) has decided to allow Development Finance Institutions (DFIs) to participate in Open Market Operations… Read More
HMMCL and Habib Metro Modaraba to Merge Operations to do Business as One Entity
Habib Metropolitan Modaraba Management Company (Private) Limited (HMMCL) and Habib Metro Modaraba (HMM) will merge operations to do business as… Read More
Pakistan Banks Association Opposes New Tax on Banks
Pakistan Banks Association (PBA) has urged the Federal Board of Revenue to avoid introducing additional or new taxes on the… Read More
