President All Pakistan Traders’ Association, Ajmal Baloch said no talks are being held with the government and they are observing a strike across Pakistan. Markets from Karachi to Khyber are closed on the call of the traders’ body. Earlier on Tuesday, the Central President of the Anjuman-e-Tajiran, Kashif Chaudhry, termed the government’s negotiations a ‘drama’ […]
A rush among carriers to cash in on summer travel demand has forced airlines to offer ticket discounts to fill their planes. The updated forecast reflects the lower yield environment, less-than-expected load factors for the year’s second half, and competitive pressures in international markets, Canada’s largest carrier said on Monday. The airline now expects its […]
The move, part of the 2024-25 fiscal budget, is expected to significantly impact the affordability of healthcare for poor patients. Experts warn that the first-ever sales tax on the diagnosis and treatment of diseases will increase the costs by 25% to 30%. This tax will also severely affect the budgets of public hospitals, leading to […]
Overall growth in the domestic taxes has been around 40%, while import duty and related taxes grew by 16% over the July 2023 to January 2024 period. The growth in revenues gained momentum as GDP has revived and FBR collection has come under tighter scrutiny. FBR collections grew by 30% to Rs.5.1 trillion till mid-February […]
Finance Minister Shaukat Tarin declared on Thursday that the International Monetary Fund’s (IMF) conditions to increase electricity prices and slap Rs150 billion taxes on the salaried class are a “red line” for Pakistan, saying the talks with the global lender may prolong. “The IMF has asked to increase personal income tax and power tariffs but […]
PM Imran Khan calls for reduced taxes and “out-of-the-box” solutions to improve the economy. Tasks Shaukat Tarin with ensuring the smooth functioning of the Economic Advisory Council. Says reforms in the tax system, and making it simple and efficient are among the top priorities of the government. Prime Minister Imran Khan said that instead of […]
The Federal Board of Revenue (FBR) is reportedly resisting a proposal by the International Monetary Fund (IMF) to implement additional taxes of Rs. 176 billion on the salaried class in the upcoming budget. The news report quoted sources saying that various taxes are under consideration to boost the income tax collection from the current level […]
