Government Relaxes Asset Purchase Rules for Non-Filers Finance Minister Muhammad Aurangzeb on Monday unveiled new tax measures amounting to Rs. 36 billion, while also significantly easing earlier proposed restrictions on…
During the first quarter of the current fiscal year, salaried individuals contributed Rs. 111 billion in taxes, which is 1,550 percent higher than the taxes paid by traders, according to…
The Directorate General of Customs Valuation in Karachi has set new customs values for the import of 31 different types of power tools to ensure accurate duty and tax assessments….
Consumer Confidence in Pakistan: Rising Economic Concerns Amid Uncertain Future A recent Consumer Confidence Index Survey by Ipsos reveals that only a small fraction of Pakistanis—just 11%—believe the country is…
Nationwide Strike by Traders: A Response to High Electricity Bills and New Taxes Trader organizations across Pakistan are observing a nationwide strike today in protest against high electricity bills and…
The Federal Board of Revenue (FBR) has clarified that Olympian Arshad Nadeem’s prize money will not be subject to income tax or withholding tax. In a statement to NetMag, FBR…
In the heart of Azad Jammu and Kashmir (AJK), the streets echo with the cries of those burdened by taxes, their voices rising like flames against the night sky. Mirpur,…
FBR Discovers Tax Evasion Amounting to Rs.300 Million by Company Based in Islamabad The Ministry of Finance is currently engaged in discussions with the International Monetary Fund (IMF) regarding securing…
The International Monetary Fund (IMF) has issued a strongly-recommended recommendation to Pakistan to revoke the exemption from sales tax on pesticides, fertilizers and tractors. The IMF also recommends that Pakistan…
