The government has introduced a new legal clause that strengthens enforcement against vehicle smuggling by targeting cars with altered or… Read More
Over 12 Crore Pakistanis Are No Longer Allowed to Buy a Car
The government has proposed a significant overhaul to the tax classification system under Section 115 of the Income Tax Ordinance,… Read More
Govt to Impose Levy to Discourage Sale of Local, Imported Petrol Cars
The government is drafting a new policy aimed at promoting the production and sale of fuel-efficient vehicles in Pakistan. The… Read More
Govt Announces Tax Credit Scheme For Houses Up To 10 Marlas
The federal government has announced a new policy initiative aimed at encouraging the construction of low-cost homes and expanding access… Read More
Govt Announces Special Relief Allowance for Armed Forces
The government has approved a special relief allowance for officers and soldiers (JCOs) of the armed forces in recognition of… Read More
Govt Reduces Advance Tax on Purchase of Immoveable Property by Filers
The government has approved a 1.5% reduction in the advance tax rate for filers on the purchase of immovable property,… Read More
PM Shehbaz Directs to Increase Salaries [Updated]
Prime Minister Shehbaz Sharif has greenlit a 10% increase in salaries of government employees. Initially, the government had settled on… Read More
Govt Increases Advance Tax on Sale or Transfer of Immovable Property
The government has proposed a 1.5% increase in the advance tax on the sale or transfer of immovable property, according… Read More
Govt Likely to Impose Tax on Capital Assets Exceeding Rs. 1 Billion in Value
The federal government is presenting the budget for FY 2025-26 today. The government is set to impose a 1% tax… Read More
Frozen Food, Cold Drinks, Noodles, Ice Cream and Biscuits to Become Expensive in Budget
The upcoming federal budget for the 2025-26 fiscal year is set to include proposals for new excise duties on several… Read More
Govt Likely to Raise Pensions Up to 10%
The federal government has decided to increase pensions by up to 7-10% in the upcoming budget for the fiscal year… Read More
Govt Likely to Increase Salaries by 6%
The federal government has decided to increase the salaries and pensions in the upcoming budget for the fiscal year 2025-26,… Read More
