Oman Introduces Personal Income Tax for High Earners Oman has introduced a new income tax law. People who earn more than OMR 42,000 per year will now have to pay 5% tax on their income. But most people in Oman won’t have to worry — the Tax Authority says that about 99% of the population […]
A criminal case has been started under Sections 37A and 37B of the Sales Tax Act, 1990. The case is about tax fraud and using fake sales tax invoices to wrongly claim refunds. Javed Balwani, the President of the Karachi Chamber of Commerce and Industry (KCCI), criticized the Federal Board of Revenue (FBR). He said […]
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 […]
K-IV Water Project to Help Karachi Get More Water The Greater Karachi Bulk Water Supply Scheme (K-IV) is a big project to help Karachi get more clean water. It will bring water from Keenjhar Lake to the city. Both the federal and provincial governments are working together on it. The goal is to give 650 […]
Canada Drops Digital Tax After Talks with Trump Canada has decided not to start a new digital tax that was supposed to begin on Monday. The tax would have affected big American tech companies like Google, Apple, Amazon, and Meta. The decision came after U.S. President Donald Trump pressured Canada to cancel it. What Happened? […]
According to the Federal Board of Revenue (FBR), the Large Taxpayers Office (LTO) Karachi did a great job. It collected Rs184.78 billion in one day, which is the highest amount ever collected in a single day in Pakistan. In June 2025, LTO Karachi collected Rs449.05 billion in taxes. This is 48% more than what it […]
With the start of the new financial year 2025-26, the government has introduced new taxes on petrol and other fuels. These taxes are part of the International Monetary Fund (IMF)’s conditions related to climate change support. A new tax called the “Climate Support Levy” of Rs 2.50 per litre has been added to petrol, diesel, […]
There are six income tax slabs for the salaried individuals added to the Finance Bill. According to the bill, individuals earning up to Rs600,000 annually will be completely exempt from income tax in the budget 2025-26. In the second slab, those earning between Rs600,001 and Rs1.2 million per annum will pay 1% income tax on […]
Former prime minister addressing a press conference here said that the ongoing tax system has not been based on justice and urged for changing this taxation system. “This tax system is compelling people to tax evasion,” he said. He said that the budget doesn’t offer any reforms or change any mechanisms. “The situation could not […]
Addressing the National Assembly house, Bilawal Bhutto Zardari said that the government’s policies have brought improvement to the national economy, highlighting a significant decline in inflation. He announced that the Pakistan Peoples Party (PPP) will support the federal budget, particularly appreciating the proposed zero tax on annual incomes up to one million rupees, calling it […]
