FBR Enforces 15% Tax on Passive Saving Income

By Manik Aftab ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

KARACHI: The Federal Board of Revenue (FBR) has introduced a 15% tax on passive saving income, aiming to reduce the disparity between active and passive…

Sindh PAC Flags Minimum Wage Violations in Industries

By Manik Aftab ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

KARACHI: The Public Accounts Committee (PAC) of the Provincial Assembly raised serious concerns over the lack of minimum wage implementation in Sindh, revealing that over…

Pak Remittances in May 2025 Surge to $3.7 Billion

By Manik Aftab ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

KARACHI: The State Bank of Pakistan (SBP) has reported a strong rise in Pak remittances in May 2025, offering critical support to the country’s external…

Pakistan Finance Bill 2025: New Strict Tax Rules for E-commerce & Digital Creators

By Manik Aftab ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

The federal government has unveiled wide-ranging tax compliance reforms in Finance Bill 2025, proposing tougher penalties and stricter enforcement to boost documentation and curb tax…

Pakistan Railways Unveils Ambitious Station Modernization Initiative (Only These 3 Cities)

By Manik Aftab ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

In a significant move to enhance passenger convenience, Pakistan Railways has initiated a phased project to install escalators at railway stations across the country. The…

Pakistan Minimum Wage 2025-26: Govt Ignores Inflation, Keeps Rates Unchanged

By Manik Aftab ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Finance Minister Muhammad Aurangzeb confirmed on Wednesday that the minimum wage in Pakistan will remain unchanged at Rs37,000 per month for the financial year 2025-26,…

Pakistan eCommerce Policy 2.0 (2025) in Final Review Phase

By Manik Aftab ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

In a high-level meeting to address the challenges in Pakistan’s growing digital economy, Ministers Jam Kamal Khan and Shaza Fatima Khawaja reviewed key aspects of…

SBP’s PRISM+ Launch: The End of Payment Problems in Pakistan?

By Manik Aftab ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The State Bank of Pakistan (SBP) has announced the launch of the PRISM+ payment system, set to go live on June 16, 2025, under its…

Pakistan’s IT Sector Soars With High Exports Amidst Tax and Economic Woes

By Abdul Wasay ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

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

By Sufyan Sohail ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

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

By Sufyan Sohail ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

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

By Sufyan Sohail ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

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

By Sufyan Sohail ⏐ 6 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

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…

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