S&P Global has upgraded Pakistan’s sovereign credit rating from ‘CCC+’ to ‘B-’ and assigned a ‘stable’ outlook, citing improved financial conditions and stronger foreign reserves, supported by assistance from the…
In the federal budget for the fiscal year 2025-26, the government has officially ended tax exemptions for the Federally Administered Tribal Areas (FATA) and Provincially Administered Tribal Areas (PATA). Federal…
The Overseas Investors Chamber of Commerce and Industry (OICCI) has voiced its disappointment over the government’s limited efforts to reform the corporate tax structure in the recently announced budget. While…
Petrol Prices Set to Rise as Government Plans Carbon Levy in Budget 2025–26 The federal government is preparing to introduce a carbon levy of Rs. 2.5 per liter on petroleum…
The federal government extended tax exemptions totaling Rs. 5.84 trillion across various sectors during the ongoing fiscal year, according to the Economic Survey 2024-25 released today. A significant portion of…
The International Monetary Fund (IMF) and the Government of Pakistan are on the verge of reaching an agreement to reduce income tax rates for the salaried class in the upcoming…
Government Plans to Double Withholding Tax on Non-Filers’ Bank Withdrawals The government is planning to increase financial pressure on non-filers in the upcoming fiscal year by doubling the withholding tax…
Pakistan’s Revenue Soars, But True Tax Reform Still Missing Pakistan’s total fiscal revenue has almost doubled in the past two years, jumping from Rs. 9.6 trillion to nearly Rs. 18…
The federal government has launched efforts to implement pension reforms in accordance with the conditions set by the International Monetary Fund (IMF) and the World Bank, sources told ProPakistani. As…
Pakistan Lowers FY 2024-25 Growth Outlook to 2.68% Amid Mixed Sectoral Performance Pakistan’s economy is projected to grow by 2.68% in the fiscal year 2024-25, a downward revision from the…
