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Pakistan Reverses ADR Tax Plan, Introduces Higher Bank Income Tax

31-Dec-2024

Pakistan has reversed its decision to impose a new tax on banks� income from government debt just days before a crucial deadline, following strong opposition from lenders.The proposed tax aimed to sti...

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Pakistan Reverses ADR Tax Plan, Introduces Higher Bank Income Tax

Govt to Raise Rs70 Billion by Dec 31 as Banking Tax Rate Hits 44% under New Ordinance

31-Dec-2024

President Asif Ali Zardari on Monday night issued the Income Tax (Amendment) Ordinance, 2024, introducing major changes to bank taxation by amending the First and Seventh Schedules of the Income Tax O...

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Govt to Raise Rs70 Billion by Dec 31 as Banking Tax Rate Hits 44% under New Ordinance

Pakistan�s Economy 2024: Gains for Some, Challenges for Many

30-Dec-2024

Pakistan�s economy saw significant progress in 2024. The country�s default risk dropped by 93%, the current account balance reached a 10-year high, and inflation fell to 4.9% in November�the lowest si...

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Pakistan�s Economy 2024: Gains for Some, Challenges for Many

Rs. 2.4 Billion Tax Fraud Exposed: Cement Manufacturer Under Investigation

30-Dec-2024

The Post Clearance Audit (PCA) South has uncovered a massive tax fraud of Rs. 2.4 billion by a major cement manufacturer, reportedly exploiting four export tax exemption schemes, according to BR.The s...

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Rs. 2.4 Billion Tax Fraud Exposed: Cement Manufacturer Under Investigation

Sales tax exemption hikes project costs by $763 million; IMF approval tied to GST resolution

30-Dec-2024

The Executive Committee (EC) of the Special Investment Facilitation Council (SIFC) has set January 7, 2025, as the deadline to finalize upgradation agreements between the Oil and Gas Regulatory Author...

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Sales tax exemption hikes project costs by $763 million; IMF approval tied to GST resolution

LCCI Backs Tax Evasion Crackdown, Urges Incentives for Honest Taxpayers

29-Dec-2024

The Lahore Chamber of Commerce and Industry (LCCI) has endorsed the government�s initiative to address large-scale tax evasion, announced by Finance Minister Muhammad Aurangzeb and Federal Board of Re...

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LCCI Backs Tax Evasion Crackdown, Urges Incentives for Honest Taxpayers

FBR Introduces Revised Procedure for Customs Agents� Licenses

28-Dec-2024

The Federal Board of Revenue (FBR) has updated the process for granting and renewing customs agents� licenses, focusing on a competitive selection process and stricter compliance standards. These chan...

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FBR Introduces Revised Procedure for Customs Agents� Licenses

Pakistan�s Foreign Reserves Dip Despite Yearly Gains

28-Dec-2024

Pakistan�s foreign exchange reserves dropped by $261.2 million (1.57%) week-on-week (WoW), totaling $16.37 billion for the week ending December 20, 2024. The decline was mainly due to a significant re...

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Pakistan�s Foreign Reserves Dip Despite Yearly Gains

FBR Extends Tax Exemptions to Facilitate Overseas Pakistanis

27-Dec-2024

The Federal Board of Revenue (FBR) has extended tax exemptions under Sections 236C and 236K of the Income Tax Ordinance, 2001, to overseas Pakistanis not included in the Active Taxpayers List (ATL).As...

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FBR Extends Tax Exemptions to Facilitate Overseas Pakistanis

Senate Approves Tough Tax Law to Curb Non-Filers and Strengthen Compliance

27-Dec-2024

A Senate committee on Thursday approved a proposed law mandating the closure of bank accounts for non-filers with balances exceeding Rs1 million and requiring even filers to justify the source of fund...

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Senate Approves Tough Tax Law to Curb Non-Filers and Strengthen Compliance

Latest Updates

Pakistan Reverses ADR Tax Plan, Introduces Higher Bank Income Tax

Govt to Raise Rs70 Billion by Dec 31 as Banking Tax Rate Hits 44% under New Ordinance

Pakistan�s Economy 2024: Gains for Some, Challenges for Many

Rs. 2.4 Billion Tax Fraud Exposed: Cement Manufacturer Under Investigation

Sales tax exemption hikes project costs by $763 million; IMF approval tied to GST resolution

LCCI Backs Tax Evasion Crackdown, Urges Incentives for Honest Taxpayers

FBR Introduces Revised Procedure for Customs Agents� Licenses

Pakistan�s Foreign Reserves Dip Despite Yearly Gains

FBR Extends Tax Exemptions to Facilitate Overseas Pakistanis

Senate Approves Tough Tax Law to Curb Non-Filers and Strengthen Compliance

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