The Federal Board of Revenue (FBR) has been advised by the International Monetary Fund (IMF) to eliminate the tax exemption on private employers’ pension contributions, reduce the number of slabs from seven to four, and double the tax burden on salaried and non-salaried classes. According to IMF estimates, if the Personal Income Tax (PIT) recommendations […]
An important step has been taken in supporting Pakistan’s growing freelance economy with the latest invention that lets online freelancers get paid through PayPal without needing a PayPal account. The State Bank of Pakistan’s (SBP) initiatives to expedite foreign payments and advance the digital economy have led to this action. In the past, PayPal usage […]
The conjecture surrounding Ishaq Dar’s possible return to politics has caused the value of the Pakistani Rupee to drop against the US dollar in recent trading sessions. The currency exchange rates have fluctuated in response to rumors that Dar may be appointed Finance Minister. According to the most recent data, the selling rate for a […]
The business that imports BMW cars into Pakistan, Dewan Motors, has unveiled two much awaited additions to its lineup: the BMW R1300 motorcycle and the BMW i5 electric automobile. Director of Operations at Dewan Motors Zaeem Ul Haq showed discerning BMW customers these new cars’ amazing features during the launching ceremony. An important turning point […]
An abundance of dates, one hundred tons in all, have been kindly provided by Saudi Arabia to Pakistan in advance of the holy month of Ramadan, a momentous time for Muslims global. Muslims observe fasting throughout Ramadan, abstaining from food and liquids from sunrise to sunset, as a sign of dedication and self-control. The month […]
With immediate effect, the federal government has removed the prohibition on all federal government employees, as well as officers of affiliated departments and autonomous bodies, traveling abroad. A notification that was previously issued on January 29, 2024, has been retracted, according a notification released by the Cabinet Division. Prior to the general elections on February […]
Pak Suzuki’s decision to raise the prices of its cars, including the Alto, Cultus, and Swift models, starting from March 1, 2024, reflects a combination of factors typical in the automotive industry. While the company has not explicitly stated the reason behind the increase, several plausible explanations can be inferred. Firstly, rising production costs are […]
Due to difficulties meeting monthly tax collection targets, the number of income tax return filers decreased by 35% to little under 3.9 million from the previous year, indicating that the interim administration has failed to expand the tax base. The caretaker government, whose tenure has now officially come to an end with the new National […]
Xiaomi has introduced its newest flagship phones, the Xiaomi 14 and 14 Ultra, along with the exclusive Xiaomi 14 Pro model available only in China. These phones come with impressive features and specifications designed to enhance the user experience. The Xiaomi 14 and 14 Ultra have been announced for the European market, featuring the powerful […]
Roche Pakistan Limited hosted a press briefing and panel discussion in honor of Rare Disease Day to increase public awareness of rare diseases in Pakistan and to highlight the unmet needs of patients, particularly in regards to funding, government support, and awareness. The panel included Dr. Yasir Adnan, Head of Medical at Roche, Ms. Hafsa […]
