Tax
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Business
IMF Approves Tax Cut on Property Purchases in Pakistan
The International Monetary Fund (IMF) has approved a 2% reduction in property purchase tax, providing relief to buyers in Pakistan’s…
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Business
Petroleum Consumers Bear Heavy Tax Burden
Consumers in Pakistan are paying over Rs100 per litre in taxes, duties, and margins on petrol and diesel, adding a…
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Pakistan
President Calls for Salary Hikes and Tax Cuts in Upcoming Budget
President Asif Ali Zardari has urged the government to increase salaries and pensions, reduce income taxes, and prioritize job creation…
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Business
Agricultural Tax Implemented in Two Provinces: Finance Minister
Islamabad: Finance Minister Senator Muhammad Aurangzeb has stated that two provinces have already implemented the agricultural tax, while discussions are…
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Business
Salaried Class Becomes Third-Largest Tax Contributor in Pakistan
The salaried class has become the third-largest contributor to Pakistan’s tax revenue, with a nearly 40% rise in tax collection…
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Business
Federal Government Faces Rs80-90 Billion Tax Target Shortfall for December
ISLAMABAD: The federal government is bracing for a tax revenue shortfall of Rs80-90 billion in December 2024, despite recent measures…
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Business
ECC Approves Rs3.7 Billion Restructuring Plan for PRAL
The Economic Coordination Committee (ECC) has approved a comprehensive restructuring plan for Pakistan Revenue Automation Limited (PRAL). The committee has…
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Business
Stricter Rules for Non-Filers: Tax Law Amendment Bill 2024-25 Presented
Islamabad: Finance Minister Muhammad Aurangzeb presented the Tax Law Amendment Bill 2024-25 in the National Assembly. The bill aims to…
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Business
Pakistan Resolves to Tax All Sectors Equitably: Aurangzeb
ISLAMABAD: The government has decided to recover taxes from all sectors, including real estate, wholesale, and agriculture, which have previously…
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Business
Govt Plans Tax Relief for Salaried Class, Targets Cigarette Tax Evasion
ISLAMABAD: Minister of State for Finance and Revenue, Ali Pervaiz Malik, announced Thursday that the government aims to reduce the…
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Business
FBR Introduces Daily Update System for Active Taxpayers List
Karachi: The Federal Board of Revenue (FBR) has made a significant amendment to the Income Tax Rules, 2002. 8 The…
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Business
Pakistani Delegation Briefs IMF on Fiscal and Energy Reforms
ISLAMABAD: A Pakistani delegation briefed the International Monetary Fund (IMF) on Tuesday about the steps taken to expand fiscal space…
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