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Senate Rejects FBR Arrest Powers in Sales Tax Fraud Cases
ISLAMABAD: The Senate Standing Committee on Finance and Revenue has rejected the Federal Board of Revenue’s (FBR) proposal to expand its arrest powers in cases of sales tax fraud, urging stronger legal oversight before such authority is granted. Chaired by…
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Senate Panel Approves E-Commerce Tax in Finance Bill 2025–26
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ISLAMABAD: The Senate Standing Committee on Finance and Revenue has recommended reducing the sales tax on stationery items from 10% to zero, while also endorsing…
Punjab Set to Present FY 2025-26 Budget Today
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LAHORE: The Punjab government is all set to unveil its budget for the financial year 2025-26 today, marking a key milestone in Chief Minister Maryam…
FBR Chief reveals Rs1.2 Trillion Tax Evasion amid Budget Reforms
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ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Langrial has revealed that the wealthy class is involved in tax evasion worth Rs 1,233 billion. He…
Sindh unveils Rs3.45 Trillion Tax-Relief Budget to Stimulate Growth
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KARACHI: The Sindh government has announced a pro-growth provincial budget for FY 2025–26, totaling Rs3.45 trillion, with a focus on tax relief, development spending, and…
FBR Reverses Tax Relief for Low-Income Salaried Persons
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ISLAMABAD: The Federal Board of Revenue (FBR) has reversed the proposed tax relief for low-income salaried persons, according to a statement made during a session…
Govt Sets Rs75,000 Limit on Cash Withdrawals by Non-Filers
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ISLAMABAD: The federal government has increased the cash withdrawal limit from Rs50,000 to Rs75,000 for applying the withholding tax on cash withdrawals by non-filers, aiming…
Standing Committee Flags Concerns Over Finance Bill Proposals and FBR Reforms
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A meeting of the Standing Committee on Finance and Revenue was held today at the Parliament House, Islamabad, under the chairmanship of Syed Naveed Qamar,…
World Bank Approves Additional $70 Million Credit
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The World Bank has approved an additional $70 million credit for the Pakistan Raises Revenue project, bringing the total funding to $470 million. This financing…
BISP Strategic Meeting With Partner Banks To Review Q4 Tranche Disbursement
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The Benazir Income Support Programme (BISP) recently held a crucial high-level coordination meeting with its partner banks. The main concern was to strategize for the…
Petroleum Levy in Pakistan Set to Rise Under IMF Commitments
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ISLAMABAD: The federal government has announced a substantial increase in the petroleum levy in Pakistan for the fiscal year 2025-26, in line with the conditions…
Special Relief Package Confirmed for Armed Forces in the Budget
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ISLAMABAD: A special relief allowance for armed forces personnel was announced as part of the federal budget proposals for fiscal year 2025-26, Secretary of Finance…
IMF Raises Concerns Over Rs344Bn in Unapproved Govt Grants
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ISLAMABAD: The International Monetary Fund has raised concerns over the federal government’s disbursement of Rs344 billion in grants to multiple sectors without obtaining approval from…
Oil Prices Skyrocket to 5-Month High After Israel’s latest Attack on Iran
3 min read
Oil prices surgeed sharply on Friday, climbing over 9% to reach their highest levels in nearly five months after Israel launched strikes against Iran, dramatically…
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