Between June and November 2024, the State Bank of Pakistan (SBP) acquired $4.98 billion from the interbank market to bolster its foreign exchange reserves and address debt obligations, according to recent reports.
In November, the SBP purchased $1.151 billion, marking an increase from Read More...
From March 1, petrol prices are anticipated to rise by approximately Rs4 to Rs4.50 per litre, while high-speed diesel (HSD) may experience a slight reduction, reflecting global oil price movements and changes in exchange rates.
The final decision will be made on February 28, based on the Read More...
Pakistan's trade deficit with its nine neighboring countries surged by 40.42%, reaching $6.379 billion in the first seven months of FY25, compared to $4.543 billion in the same period last year. The widening trade gap was mainly Read More...
The Federal Tax Ombudsman (FTO) has instructed power distribution companies (DISCOs) to impose an 18% sales tax on electricity provided to solar net metering customers, citing a significant revenue deficit of Rs9.8 billion. The directive, issued on Monday, requires both the Federal Board of Read More...
The local cotton market faced continued pressure on Monday, extending its downward trend from previous weeks. Trading activity remained subdued as market participants adopted a cautious approach amid ongoing uncertainty.
According to cotton analyst Naseem Usman, cotton prices in Sindh are Read More...
For the week ending February 20, 2025, the Sensitive Price Indicator (SPI) saw a modest weekly increase of 0.27%, signaling a slight rise in inflation. On a yearly basis, the SPI grew by 1.2%, which is a more stable figure compared to the higher inflation observed in mid-2024.
The Read More...
The International Monetary Fund (IMF) has expressed its appreciation for Pakistan’s dedication to conducting a Governance and Corruption Diagnostic Assessment (GCD) and anticipates ongoing collaboration in the future.
A scoping mission led by Joel Turkewitz from the IMF recently traveled Read More...
The federal government has announced a reduction in the returns on Conventional Naya Pakistan Certificates (NPCs), following a significant decline in the policy rate over the past six months. This marks the first adjustment in NPC returns since the State Bank of Pakistan (SBP) initiated monetary Read More...
The International Monetary Fund (IMF) has emphasized the urgent need for comprehensive tax reforms in Pakistan, pointing to the country's inadequate revenue generation and its over-reliance on formal sectors for taxation.
Speaking at the “Retail Reimagined: Innovate, Collaborate & Read More...
The federal government has promised to reassess the 18% sales tax on packaged milk after concerns raised by the Pakistan Dairy Association (PDA) regarding the negative impact on prices, sales, and the growing shift to unregulated loose milk.
The controversial 18% General Sales Tax (GST), Read More...
This website has been developed with good faith to create facilities for the people.Your ID Password and access to our website is for a specific period or temporary, it may be suspended at any time without telling any reason.Your ID Password or access does not create any your rights or liability onto owner of the website.
Office # 3-6, Ground Floor Idrees Chamber ,Talpur Road Karachi
info@taxhelplines.com.pk
+ 92 314-4062161
021-32462161
+ 92 305-2561915