FBR Collects Rs. 1,588 billion in Gross Revenue in first two months of 2024-25
Federal Board of Revenue (FBR) has collected gross revenues of Rs 1,588 billion for the months of July & August 2024. Against a target of Rs. 1,554 billion, FBR has…
Mustehkam Pakistan Calls for Urgent Government Action Against Illicit Trade to Achieve Tax Goals
Karachi: “The government should take immediate and decisive action against illicit trade to enhance revenue and reduce the tax burden on the common citizen. It’s almost six weeks post the…
Political Uncertainty, Tax-Heavy Budget: Businesses Say Government “Worse” Manager of The Economy
Karachi: the government of Prime Minister Shehbaz Sharif as “worse” manager of the economy, the country’s business owners have become more pessimistic about their future because of continued political turmoil…
Petroleum levy increased to Rs80/liter
KARACHI: Federal budget for the fiscal year 2024-25 has increased the maximum rate of petroleum to Rs 80 per liter on various petroleum products. Government has raised the petroleum levy…
Lawyer bodies consider movement if government, judiciary fails
KARACHI: Karachi Bar Association becomes the first organization of lawyers which has called a General Body meeting on Saturday to consider the situation arising out of letter by six judges…
Asif Sakhi, VP candidate of FPCCI, stresses the need for timely elections
KARACHI: Asif Sakhi, who is running for the Vice President position of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed his views on the current political…
Tripartite meeting of Employers, Workers and Government with CM Sindh discussed
KARACHI: Employers’ Federation of Pakistan delegation led by Former President Majyd Aziz and including Humayun Nazir, Director, and Syed Nazar Ali, Secretary General, had a meeting with Sindh Labor Secretary…
Finance minister says government ready to facilitate foreign investors
Karachi: Caretaker Finance Minister Dr Shamshad Akhtar has asked OICCI to support government’s endeavors to encourage foreign direct investment and invest in export-based industries to support countries development and contribute…
Strengthening Rupee Status Quo in Petroleum Prices Should’ve Been Maintained Irfan Iqbal Sheikh
Karachi (PR): Mr. Irfan Iqbal Sheikh, President FPCCI, has maintained that the government should have kept the petroleum prices unchanged – given the incrementally consecutive gains of the Pak Rupee…
Traders demand regularization of fuel import from Iran
Pakistan did not import any high-speed diesel (HSD) in July, as domestic demand is largely met from the commodity smuggled from Iran. According to diesel dealers in Baluchistan, 40,000 liters/day…
Tax Credit Introduced for Construction of New Houses
June 9, 2023: In a bid to boost the construction sector and promote homeownership, the government has announced the introduction of a tax credit for individuals undertaking the construction of…
Government Introduces Revised Super Tax Slabs, Higher Tax Rates for High-Income Individuals in FY24
The government has announced revised Super Tax slabs for the fiscal year 2023-24 (FY24), bringing significant changes for individuals with higher incomes. The new tax rates aim to ensure a…
Government Grants Sales Tax Exemption on IT Equipment Imports for Registered IT and ITeS Exporters
In a move aimed at promoting the growth of the Information Technology (IT) and IT-enabled Services (ITeS) sectors, the government has announced a significant measure to support exporters. The government…
Budget 2023-24 brings relief for hybrid car importers and buyers
The government has announced a reduction in the customs duty (CD) on the import of hybrid electric vehicles (HEVs) in the fiscal budget 2023-24, which is expected to lower the…
Government Proposes 0% Tax on Solar PV Modules Manufacturing Equipment
Karachi: June 9, 2023 – In a bid to promote the manufacturing and production of solar photovoltaic (PV) modules in the country, the federal government has put forth a proposal…
Government Raises Limit for Foreign Remittances without Source Disclosure to $100,000
Karachi: In a move aimed at boosting foreign currency inflows, the federal government of Pakistan has announced a significant increase in the monetary limit for individuals bringing in funds from…
Government Considers Dollar Amnesty to Whiten Black Money and Boost Dollar Reserves
Following the recent federal budget, there are discussions within the government regarding the introduction of a dollar amnesty scheme. This scheme aims to provide individuals with the opportunity to legalize…
Budget to focus on agriculture sector, fertilizer sector to benefit
The government is expected to prioritize the agriculture sector in the upcoming FY24 budget, as it aims to achieve self-sufficiency in food staples and prevent the sector from getting affected…
Govt. to do everything to support business & industrial sector: Ishaq Dar
KARACHI: Finance Minister Senator Mohammad Ishaq Dar has assured the leadership of Karachi Chamber that the government would do everything in its power to support the business & industrial sector…
TEXTILE EXPORTERS REJECT RRMC’S ANTI-EXPORT BUDGETARY REPORT
Textile Export already on verge of collapse, anti-export unwise budgetary and policy measures suggested by Consultants will put final nails in the coffin of ailing textile industry, Whenever export takes-off,…