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FBR Issues New Draft Insurance Guarantee Format for Export Facilitation Scheme
The Federal Board of Revenue has issued a new draft insurance guarantee format for exporters under the Export Facilitation Scheme, updating the rules to ensure smoother processing and stronger compliance. The draft includes formats for both irrevocable and unconditional guarantees,…
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Tax Increased on Non-filler Over Cash Withdrawal
2 min read
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
2 min read
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
2 min read
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…
10% Salary Increase for Govt Employees Unlikely in Budget ( Now Approved)
2 min read
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…
Warning!! Budget May Increase Taxes on Food, Books, and Daily Essentials
2 min read
With a record tax revenue target for FY26, the federal government is proposing tax hikes on essential items like food, books, and stationery in the…
Fertilisers and Pesticides to Remain Tax-Free in Budget 2025-26
2 min read
In a move to support farmers grappling with high input costs, the federal government has decided to retain the tax exemption on fertilisers and pesticides…
Govt Slaps Heavy Tax on FB, Google, Daraz & Digital vendors
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ISLAMABAD: The federal government is set to enforce the Digital Presence Proceeds Levy Act 2025, introducing a new 5% tax on global and domestic digital…
Movie Tickets to Get Expensive as Govt Withdraws Cinema Tax Exemption
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ISLAMABAD: Moviegoers may soon have to pay more for tickets, as the federal government has proposed to withdraw the cinema tax exemption in the FY2025…
Health, Education Costs Soar Despite Low Overall Inflation in Pakistan
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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…
LSM Growth in Pakistan Declines for Third Straight Year
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ISLAMABAD: The LSM growth in Pakistan recorded a 1.5% contraction during July–March FY2025, compared to a marginal decline of 0.22% in the same period last…
PIA Posts Rs. 9.3B Profit Despite 16% Revenue Drop
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Pakistan International Airlines (PIA) witnessed a 16.8% drop in operating revenue for the calendar year 2024, with earnings totaling Rs. 204.16 billion, as outlined in…
New Airline in Pakistan Secures CAA License for Domestic Launch
2 min read
A new airline in Pakistan, Air Karachi, has officially secured its Regular Public Transport (RPT) license from the Civil Aviation Authority (CAA), paving the way…
Inflation in Pakistan Drops to Record Lows in FY2025, Economic Survey Confirms
3 min read
ISLAMABAD: Inflation is projected to remain within the range of 4.5-5 percent during fiscal year 2025, supported by a sharp decline in the prices of…
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