Pakistan Customs, Tax, Shipping & Business News Resource
ISLAMABAD: The Pakistan government has introduced stringent measures in its 2025-26 budget to combat tax evasion and the fraudulent use of National Tax Numbers (NTNs), officials announced Tuesday. The Federal…
KARACHI: The Finance Bill has proposed granting tax officers extraordinary powers to enforce registration compliance, including freezing bank accounts and restricting property transfers for non-registered entities. Under the proposed measures,…
ISLAMABAD: Pakistan’s Finance Bill has introduced a new Cargo Tracking System and an electronic bilty (e-bilty) mechanism to monitor the movement of goods across the country. Under the proposed law,…
ISLAMABAD: A proposed amendment to the Customs Act of 1969, introduced in the Finance Bill, aims to modernize the country’s customs assessment and examination framework by incorporating centralized units and…
KARACHI: The latest Finance Bill has introduced significant structural changes to Pakistan’s customs administration, including the establishment of new directorates and the reallocation of key responsibilities. Among the major reforms,…
The federal government has introduced a series of proposed amendments to Pakistan’s tax regulations, aiming to enhance revenue collection while promoting economic flexibility in key industries. The measures—ranging from tax…
ISLAMABAD: In a major policy shift aimed at stimulating the real estate sector, the government has announced significant reductions in withholding tax rates for property purchases while abolishing federal excise…
KARACHI: Finance Minister Muhammad Aurangzeb announced sweeping tariff reforms Tuesday as part of the newly proposed National Tariff Policy 2025-30, aimed at simplifying customs structures and boosting key economic sectors.…
In a move aimed at providing substantial tax relief to businesses, the government has proposed significant changes to the Super Tax rates under Division IIB, Part-I of the First Schedule.…
KARACHI: Pakistan government is likely to propose changes to income tax slabs aimed at providing relief to salaried individuals. The revisions, outlined under Division-I, Part-I of the First Schedule, would…
KARACHI: The Karachi Customs Agents Association (KCAA) has raised alarm over persistent operational delays at Karachi International Container Terminal (KICT), warning of severe disruptions to trade and financial losses for…
KARACHI: The government of Pakistan has decided to impose a carbon levy on petroleum products starting in the fiscal year 2025-26, aiming to generate revenue and encourage environmental accountability in…
Islamabad: The Pakistani government is expected to propose a reduction in the Super Tax in the upcoming federal budget for the fiscal year 2025-26, as part of broader tax reforms…
ISLAMABAD: The government is preparing to roll out a new tax regime under the Digital Presence Proceeds Levy Act, 2025, as part of the upcoming budget for the fiscal year…
ISLAMABAD: Finance Minister Muhammad Aurangzeb is set to present the federal budget for the fiscal year 2025-26 in the National Assembly on Tuesday, as the coalition government aims to stabilize…
KARACHI: Pakistan’s government is poised to unveil its Federal Budget for Fiscal Year 2026 (FY26) on June 2, 2025, marking a third consecutive year of primary surplus as part of…
KARACHI: Contrary to expectations of change in treatment of income from capital gain and dividends to normal tax, affecting net returns of the investors; we believe the budget FY25 is…
KARACHI: Finance Bill 2025 has proposed revised capital gains tax (CGT) rates on the sale of securities, set to take effect from July 1, 2024. Under the current regime, CGT…
KARACHI: The Federal Board of Revenue (FBR) has announced new tax rates for late income tax return filers as part of the Finance Bill 2024. This measure, unveiled in the…
KARACHI: The Federal Budget for the fiscal year 2024-25 has introduced a comprehensive definition of “tax fraud.” The new classification aims to curb the intentional evasion of tax and the…
