Trending Topics
Pakistan’s IT Sector Soars With High Exports Amidst Tax and Economic Woes
Pakistan’s information technology sector is witnessing remarkable growth, with IT exports reaching all-time highs. According to newly disclosed data, Pakistan’s IT and IT-enabled services (ITeS)…
FBR Can Now Arrest Company Directors, CEOs and CFOs
The Federal Board of Revenue (FBR) in Pakistan has recently been granted new powers. Now its Inland Revenue officers are allowed to arrest company directors,…
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…
Pakistan Just Witnessed the Biggest Business Registration Explosion Ever
Islamabad, June 11, 2025 – The Securities and Exchange Commission of Pakistan (SECP) has announced that 3,609 new companies were registered in May 2025. This…
Sindh to Fund Free EV Taxis, Scooters & Charging Stations in 2025
KARACHI: The Sindh government is stepping up efforts to modernize its public transport infrastructure by embracing electric mobility. In a move toward cleaner, greener travel,…
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…
18% Sales Tax Imposed On Imported Solar Panels
The government of Pakistan has approved an 18% sales tax on the import of solar panels. This decision was a part of the budget for…
Tax Increased on Non-filler Over Cash Withdrawal
The federal government has raised the advance tax rate on cash withdrawals for non-filers. Previously set at 0.6 per cent under Section 231AB for cash…
Non-Fillers Can Not Buy A Car Or Property Anymore
Over 120 million Pakistanis are no longer allowed to purchase cars or property. This change was one of the classifications under the Income Tax Ordinance…
Strict Penalties Proposed for NTN and CNIC Misuse in Budget
In a bid to curb tax evasion, the federal government has proposed strict penalties for those misusing National Tax Numbers (NTNs) and Computerized National Identity…
