Pakistan Cuts Taxes on Imported Luxury Items The government has reduced taxes on many expensive imported items, such as luxury cars, perfumes, bathroom fittings, and watches. Big Reductions for Rich Buyers The tax on new sports cars and famous brand jeeps is now 10% instead of 15%. The tax on luxury sports jeeps has dropped […]
UAE Dirham Remains Strong Against Pakistani Rupee 1 UAE Dirham = 77.25 Pakistani Rupees Even though the UAE Dirham dropped slightly today, it is still very close to its highest value this month. This shows that the dirham stayed strong during all of June. Strong Performance in June In June, the UAE Dirham gained 0.81 […]
Kuwaiti Dinar Keeps Getting Stronger Against Pakistani Rupee The value of the Kuwaiti Dinar (KWD) has been going up steadily this month. Today, 1 Kuwaiti Dinar is equal to 929.72 Pakistani Rupees (PKR). This is higher than the rate of 928.44 PKR on June 28. Dinar’s Value Has Been Rising All Month In the past […]
PM Shehbaz Reviews FBR Reforms and Revenue Growth Prime Minister Shehbaz Sharif led a high-level meeting to review progress on the reforms and digitalization of the Federal Board of Revenue (FBR). During the meeting, officials shared that the government collected Rs 865 billion more in taxes compared to last year. This is eight times more […]
New Air Cargo Rates and Petrol Prices Announced in Pakistan The government has increased air cargo charges and fuel prices, starting from July 1. Changes in Air Cargo Charges: Pet birds: The cost to send pet birds by air has gone up by 50%. It was Rs200 per kg, now it is Rs300 per kg. […]
The government has decided to take strong action to control sugar prices and make sure there is enough supply for everyone. This decision was made in a high-level meeting. Officials said they will not allow sugar prices to rise unfairly, and anyone selling sugar at high prices or hiding it to create a shortage will […]
Pakistan Lowers Import Duties on Many Products The government has announced lower import taxes (called regulatory duties) on many items to support manufacturing, reduce prices, and encourage business. Changes for Industries and Food: Industrial sector: Taxes on raw materials used in factories have been reduced. Animals and fish: Only 5% duty on animals and chickens […]
Announced on Tuesday, the CMA described this development as part of its broader strategy to align with international standards, foster capital market advancement, broaden investment avenues, and enhance market competitiveness and transparency. Central to the initiative is the goal of reinforcing investor protection. The regulatory changes aim to strengthen listing requirements by setting clear conditions […]
Pakistan’s Trade Deficit Grows as Exports Miss Target According to the Pakistan Bureau of Statistics, the country earned $32.106 billion from exports in the year 2024-25. This is slightly less than the government’s target of $32.341 billion. On the other hand, imports cost the country $58.38 billion, which is more than the target of $57.283 […]
The Pakistani Rupee, Pakistan’s official currency, continues to face pressures from domestic economic challenges, highlighting the Kuwaiti Dinar’s relative strength. Today’s rate marks a slight increase from the stable 928.44 PKR recorded on June 28 and reflects a consistent upward trend over the past month. On June 18, the KWD traded at 925.45 PKR, climbing […]
