A meeting of the Standing Committee on Finance and Revenue was held under the chairmanship of Senator Saleem Mandviwala at… Read More
SBP Keeps Interest Rate Unchanged
The State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 21 percent. At its meeting… 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
Govt Planning to Collect Over Rs. 72 Billion from Sale of 4G Licenses in FY2023-24
The government has budgeted Rs. 72.597 billion from 4G licenses under the head of non-tax revenue for the next fiscal… Read More
PTA Conducts Successful Raids Against Illegal Internet Service Providers
In its continuous efforts to eliminate the rampant proliferation of illegal internet service providers, the Pakistan Telecommunication Authority (PTA) in… Read More
Govt Imposes Tax on Non-Filers For Cash Withdrawals Exceeding Rs. 50,000
The federal government has decided to impose a flat 0.6 percent tax on citizens not appearing on the Federal Board… Read More
Govt Increases Withholding Tax on International Credit Card Spending by 5 Times
The federal government has decided to increase the Withholding Tax (WHT) on international credit card transactions from 1 percent to… Read More
Merger Between Finca and Apna Microfinance Banks Off the Table
After months of speculation, ProPakistani can today exclusively reveal that the proposed merger between Finca Bank and Apna Microfinance Bank… Read More
OGRA Reduces RLNG Price by Up To 5% for June
The Oil and Gas Regulatory Authority (OGRA), in accordance with the Policy Guidelines of the federal government, has determined the… Read More
FTO Directs FBR to Issue Clear Instructions on POS
While disposing of a complaint, the Tax Ombudsman has directed FBR to issue instructions to field formations regarding Point Of… Read More
Govt May Allow Overseas Pakistanis to Remit Up to $100,000 Without Declaring Source of Income
The federal government might allow people in the upcoming fiscal year to bring in up to $100,000 from abroad without… Read More
Govt Considers Taxing Foreign Income of Exporters
The federal government has proposed to tax the foreign income of exporters in the budget for the fiscal year 2023-24,… Read More
