taxes
Pakistan to Review High Smartphone Taxes via Parliamentary Committee, Lawmaker Says
2 min read
A growing outcry over high taxes on smartphones and mobile device registrations has prompted the government to promise action, with lawmaker Qasim Gilani saying a…
Industries Ministry Seeks End to Customs & Import Taxes
2 min read
The Ministry of Industries has recommended eliminating customs and import duties under the new National Industrial Policy (NIP) 2025–2030 to revive Pakistan’s industrial competitiveness and…
IMF Agrees to Revise Pakistan’s Tax Collection Target for FY2025
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The International Monetary Fund (IMF) has agreed in principle to reduce Pakistan’s tax collection target for the ongoing fiscal year by Rs160 billion. Under the…
Govt Weighs New Taxes to Fund Islamabad’s Jinnah Medical Complex
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The federal government is weighing the option of introducing new taxes in Islamabad to meet the operational costs of the upcoming Jinnah Medical Complex and…
Punjab Announces Electricity and Tax Relief for Flood-Affected Families
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Punjab Finance Minister Mujtaba Shuja-ur-Rehman has announced electricity bill and tax relief for flood-affected families, pledging that the provincial government will stand by them with…
Tax on Prize Bonds and Savings Profits Doubled for Non-Filers
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New withholding tax rates have been implemented on tax on prize bonds and profits from National Savings Schemes, sharply raising rates for non-filers to encourage…
New Taxes Prompt Courier Companies to Raise Delivery Charges
3 min read
Major courier companies have notified their customers, including registered E-commerce companies and online traders, that the government will charge them the newly imposed taxes from…
Pakistan’s Digital Boom Now in Tax Crosshairs: 5M+ Earners to Pay Up
3 min read
Islamabad – Pakistan’s National Assembly Standing Committee on Finance is advancing a key clause in the Finance Bill 2025-26, proposing to tax online businesses that…
Pakistan’s Textile Giants Warn of Export Collapse Without Budget Fixes
4 min read
ISLAMABAD: Textile exporters in Pakistan have called on the federal government to reverse key budgetary policies, warning that continued disruption of supply chains could severely…
Cars and Auto Parts Likely to Become Cheaper After Budget in Pakistan
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In the upcoming 2025-26 budget, cars and auto parts are likely to become cheaper. The Pakistani automotive industry is already on track finally as we…
Bitcoin Hits All-Time High After Trump’s Election Victory
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Bitcoin reached a new record high of $75,000 on U.S. election day, driven by investors who had previously bet on Donald Trump’s presidential win. This…
Government will now collect taxes from Google, Facebook and Twitter directly
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In recent news, the Federal Cabinet has approved a framework that makes social media companies work with the government in regards to their devised rules…
Online Marketplaces Denounce 17 Percent Tax On Transactions
2 min read
With the Finance Bill proposing to place online marketplaces (OM) under the definition of ‘Tier 1 Retailers’ which primarily means that transactions would face 17…
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