The government has budgeted Rs. 50 billion for 3G/4G license renewal as well as 5G under the head of non-tax… Read More
Govt Imposes New Tax on All Cars With Prices Over Rs. 5 Million
The government is doubling down on curbing the sales and purchases of ‘luxury’ cars in Pakistan. Along with a 100… Read More
These Are New Car Prices After 200% Increase in Advance Tax in Budget 2022-23
The federal government has imposed a 200 percent advance tax on the purchase of cars with engine displacement over 1600cc… Read More
Govt Estimates Foreign Assistance of Over Rs. 3 Trillion for FY22-23
The government has estimated foreign assistance of Rs. 3.166 trillion for 2022-23 against Rs. 2.747 trillion was budgeted for the… Read More
Govt Can Now Block Phones, SIMs and Utility Connections of Non-Filers After Budget
Instead of taking holistic steps to motivate the masses to file their income tax returns, the Finance Ministry has enacted… 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
Banking Companies to Face Increased Tax Rate of 42%
Finance Minister Miftah Ismail has proposed to increase the current tax rate on the banking companies from 39 percent to… Read More
Govt Imposes Tax on International Payments Through Debit and Credit Cards
An advance withholding tax will be levied on international payments (money sent out of Pakistan) through credit cards, debit cards,… Read More
Govt to Re-Impose Sales Tax on Petroleum Products
The Government of Pakistan has decided to re-impose the General Sales Tax (GST) on petroleum products, as per official sources… Read More
Govt Allocate Rs. 500 Million for Another BRT Project in Islamabad
The federal government has earmarked Rs. 500 million for Bhara Kahu to Faizabad Bus Rapid Transit (BRT) project in the… Read More
Pakistan Spent Over $1.4 Billion on Imports of Vaccines
Pakistan’s National Disaster Management Authority (NDMA) procured vaccines worth $1.4 billion for 174.68 million vaccine doses (enough for 98 million… Read More
Govt Increases Luxury Tax on New Cars Over 1600cc by 100%
The government has released the fiscal budget for 2022-23 which shows several significant changes. Under the new budget, the government… Read More
