News & Updates

Increase in Petroleum Levy Will Be Phased in Slowly: Finance Minister

The increase in petroleum development levy (PDL) will be slowly phased into fuel prices in order to bring them in tandem...

Pakistan Plans to Raise $1 Billion Through International Bonds

Finance Minister Muhammad Aurangzeb Thursday said that Pakistan plans to raise up to $1 billion through international bo...

Experts Urge Innovative Financing and Policy Reforms to Derisk Renewable Energy Investments

Renewables First (RF), a leading think tank for energy and environment, successfully hosted a pivotal event titled “Rene...

Logo Launches New Outlets in Dubai: Expanding Luxury Footwear and Accessories to the UAE

Builders and Developers Reject New Massive Taxes on Real Estate Industry

The Association of Builders and Developers (ABAD) has opposed budgetary measures, including increasing the Capital Gains...

Govt to Impose 45% Capital Gains Tax on Non-Filers

Capital Gains Tax (CGT) on securities would be 15 percent on filers irrespective of the holding period and 45 percent on...

Budget Latest: Govt Likely to Impose 5% Sales Tax on Petroleum Products

Petrol, diesel and other fuel categories are expected to get more expensive as the federal government has proposed a 5 p...

Govt to Slap 18% Sales Tax on Tractors, Pesticides and Fertilizers

The government has decided to impose 18 percent sales tax on agriculture related items including tractors, pesticides an...

18% Sales Tax Proposed on Imported Kits and Locally Produced Phones

The federal government has proposed an 18% sales tax on the import of mobile phone assembly kits and the local supply of...

Tax Rate on Imported LPG May Rise to 18%

The federal government has proposed to increase the sales tax rate on imported liquefied petroleum gas (LPG) from 10 per...

Budget 2024-25: Salaried Class to Face Up to 35% Income Tax

The new income tax slabs for the salaried class under the federal budget 2024-25 revealed that a higher rate of income t...

Budget 2024-25 Increases Capital Gains Tax on Real Estate to a Minimum of 15%

The 2024-25 budget has introduced significant changes to the taxation regime for capital gains, particularly affecting i...

Govt Likely to Bar Non-Filers from Travelling Abroad

To strengthen tax enforcement for non-filers the federal government is considering a number of measures including barrin...

WHT for Purchase of Property for Non Filers Could Go upto 20%: Sources

In order to increase the cost of doing business for non-filers, the Federal Government of Pakistan on the instructions o...

Budget 2024-25: Federal Revenues and Expenditures in Numbers

The federal government today announced its Rs. 18.6 trillion federal budget for 2024-25, against a total of Rs. 12.97 tr...

Govt to Increase Pensions by 15%

The federal government has proposed to increase the pensions of federal government employees by 15 percent, Finance Mini...

Government Raises Minimum Wage to Rs. 37,000 in New Finance Bill

The Government of Pakistan has proposed an increase in the minimum wage from Rs. 32,000 to Rs. 37,000, as part of the fi...

Govt Proposes Increase in Petroleum Levy to Rs. 80 Per Liter

The federal government has proposed an increase in the maximum petroleum levy on petrol and high-speed diesel to Rs. 80...

Govt Proposes to Increase Tax Rate on Capital Gains From Mutual Funds to 15%

The federal government has proposed a 15 percent tax rate on individuals who invest through mutual funds, reliable sourc...

Govt to Increase Tax on Profit for Non-Filers

The federal government of Pakistan is likely to increase tax for non-filers on profit earned from bank accounts and depo...

Budget 2024-25: GST on Textile and Leather Products Raised from 15% to 18%

In the latest budget announcement for the fiscal year 2024-25, the Government of Pakistan has decided to increase the Ge...