The prime minister, in a statement, said that the waiver of Abiana (water charges) and fixed taxes for wheat farmers in Punjab was a relief for the farmers. Besides, he said that the initiative to provide farmers with free wheat storage facilities for four months would help protect the commodity from seasonal impacts and farmers […]
According to data, the Pakistan government managed to spend only Rs399 bln out of the allocated Rs1,100 billion budget during (July to March 2024-25). According to the data, federal ministries utilised Rs293 billion, while state-owned corporations spent Rs105 billion during the same period. The National Highway Authority (NHA) emerged as one of the top spenders, […]
As per details, as preparations for the upcoming federal budget are underway, high-level discussions are taking place to explore avenues of tax relief, particularly for the salaried class and real estate sector. Insiders reveal that one of the key proposals under consideration is the elimination of the 3% Federal Excise Duty (FED) on property sales. […]
But what exactly is driving these high prices? What role do government taxes and dealer margins play in the escalating costs? In an interview with program ‘Khabar’, Chief Executive Officer (CEO) of the Indus Motors Company, Ali Asghar Jamali, shed light on the issue, offering a detailed explanation of the factors contributing to the rising […]
“They discussed U.S. reciprocal tariffs on Pakistan and how to make progress toward a fair and balanced trade relationship,” Tammy Bruce, the department’s spokesperson, said in a statement about the first conversation between the two leaders. The US administration imposed tariffs on imports from around the world that range from a 10% baseline tax on […]
As per details, the Large Tax Office (LTO) of the Federal Board of Revenue (FBR) has launched an operation against tax evasion and sealed three outlets selling luxury watches for non-compliance with the Point of Sale (POS) system. According to FBR sources, the LTO team has seized business records from these outlets. The tax filers […]
The demand represents a substantial chunk of last year’s net profit of $955 million for Samsung in India, where it is one of the largest players in the consumer electronics and smartphones market. It can be challenged in a tax tribunal or the courts. The company, which also imports telecoms equipment through its network division, […]
New Delhi’s move seeks to assuage concerns raised by Washington after President Donald Trump threatened reciprocal tariffs from April 2 on trading partners, including India, that fuelled alarm among exporters. The government proposes to abolish the 6% equalisation levy on online services, including advertising, as part of amendments to the Finance Bill 2025, a government […]
“An International Monetary Fund (IMF) team, led by Nathan Porter, visited Islamabad and Karachi from February 24 to March 14, 2025, to hold discussions on the first review of Pakistan’s economic program supported by the Extended Fund Facility (EFF) and on a possible new arrangement under the IMF’s Resilience and Sustainability Facility (RSF),” the IMF […]
As per details, the Federal Board of Revenue (FBR) has fulfilled another condition set by the International Monetary Fund (IMF) as it has decided to monitor production in the industrial sector. According to the FBR, electronic video surveillance will be implemented to track the production of goods. A digital eye software will be installed for […]
