According to details, a significant decline in the policy rate is expected to reduce expenditure on loans and interest payments by approximately Rs1,300 billion in budget 2025-26. Sources suggest that the size of the upcoming federal budget could be around Rs17.8 trillion, which is Rs 900 billion less than the current fiscal year’s budget of […]
According to official sources, the IMF is now willing to reduce income tax rates across all salary slabs. Sources revealed that the relief will be granted through amendments to Section 129 of the Income Tax Ordinance, which governs exemptions and concessions. One of the major changes under discussion includes raising the annual tax-free income threshold […]
India will significantly cut import taxes for foreign automakers that pledge to invest in domestic EV production lines. The policy, which has been in the works for a year, was originally designed to attract Tesla to set up manufacturing in the country, but CEO Elon Musk put his investment plans for India on hold last […]
During the ongoing budget negotiations between Pakistan and the International Monetary Fund (IMF), the global lender has strongly pushed for the imposition of a carbon levy on petrol, diesel, and vehicles with internal combustion engines, sources revealed on Tuesday. The IMF has proposed that if Pakistan opts not to implement the carbon levy directly on […]
FBR Chairman announced during a meeting of the National Assembly’s Standing Committee on Finance. Arif noted that the rebate, which had been overlooked previously, was later approved by the federal cabinet and will be incorporated into the Finance Bill for the upcoming fiscal year to provide relief to educators. A representative from the Ministry of […]
His “off-boarding will begin tonight,” a White House official told Reuters late Wednesday, confirming Musk’s departure from government. Musk earlier on Wednesday took to his social media platform X to thank President Donald Trump as his time as a special government employee with the Department of Government Efficiency draws to an end. His departure was […]
As per details, the final phase of budget negotiations between Pakistan and the International Monetary Fund (IMF) is underway. Prime Minister Shehbaz Sharif had earlier directed that relief measures be introduced for salaried individuals. According to a briefing given to the prime minister, the government collected more tax than anticipated from the salaried segment during […]
According to the Sindh Revenue Board (SRB), the super tax on agricultural income will be applicable from January 1, 2025, and will be collected on an annual basis. The super tax will not be applied to individuals earning less than Rs 150 million annually. As per the structure, a 1 percent super tax will be […]
Speaking on the’ morning show Bakhabar Savera, Suneel Sarfaraz Munj stated that such expectations surface every year ahead of the budget but rarely materialize. He warned that the proposed imposition of a carbon tax and an increase in the petroleum levy would disproportionately burden the general public. “These measures will haunt the everyday consumer,” he […]
ABAD, in its recommendations, has urged comprehensive tax relief and structural reforms for the construction and development sector. ABAD has called for a 15-year relaxation in tax rates specific to the real estate and construction industry, emphasizing long-term policy stability. In the FY2025- 26 budget proposals, ABAD Chairman Hassan Bakhshi included several significant suggestions aimed […]
