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Cashless Economy Vision Threatened By New Budget
Islamabad, June 11, 2025: Pakistan’s federal budget was unveiled yesterday, imposing new taxes on digital transactions and e-commerce. It sparked concern among industry leaders, investors,…
Record Remittance Inflows in May 2025
Islamabad: Pakistan has achieved an economic milestone by recording its highest-ever monthly inflow of workers’ remittances in May 2025. This surge in foreign exchange is…
Banks Flag Major Gaps in Pakistan’s New E-Commerce Tax Plan
The Pakistan Banks Association (PBA) has expressed significant reservations over the government’s newly proposed tax framework for e-commerce, as introduced in the Finance Bill 2025.…
New Tax Imposed On Online Shopping
Pakistan’s government has introduced tax on online shopping and Cash on Delivery (CoD) transactions as part of the Budget 2025-26. The aim is to expand…
10% Salary Increase for Govt Employees Unlikely in Budget ( Now Approved)
ISLAMABAD: ( Updated) A 10% salary increase for government employees in the upcoming Budget for 2025–26 now seems unlikely. Government sources indicate that the raise…
Health, Education Costs Soar Despite Low Overall Inflation in Pakistan
ISLAMABAD: While inflation in Pakistan reached a historic low of 0.3% in April FY2025, the Economic Survey 2024-25 revealed that health and education sectors continue…
Eid Holidays Cancelled for These Departments, Govt Confirms
The Ministry of Finance has officially cancelled Eid-ul-Azha holidays for key staff members directly involved in the preparation of the fiscal year 2025-26 budget. Employees…
Pakistan Trade Deficit Widens to $24 Billion
Pakistan’s trade performance for the first eleven months of fiscal year 2024–25 shows a mixed trend, as exports grew moderately while the Pakistan trade deficit…
PM Shehbaz Approves Raw Material Duty Cut for Industrial Growth
ISLAMABAD: Prime Minister Shehbaz Sharif has approved a significant raw material duty cut on more than 7,066 tariff lines, targeting raw materials, intermediate goods, and…
Pakistan’s Central Govt Debt Rises by 13.4% YoY
The federal government’s total public debt has climbed to nearly Rs. 75 trillion, marking a significant increase of 13.4 percent year-on-year (YoY), according to recent…
Pakistan Stock Exchange Hits All-Time High
June 4, 2025: The Pakistan Stock Exchange (PSX) achieved a significant milestone, with its benchmark KSE-100 index hitting an all-time high, crossing the 121,000-point mark…
Pakistan Defence Budget May Get a Whopping 114% Rise This Year
ISLAMABAD: The Pakistan defence budget may see a whopping 114% increase in the upcoming fiscal year 2025-26, with proposed allocations rising sharply from Rs5.386 billion…
