Pakistan’s tax revenue for the first nine months of FY 2024-25 (July-March) fell Rs725 billion short of the target, despite a 28% year-on-year increase in collections. The shortfall worsened in March alone by over Rs100 billion, pushing the Read More...
On Friday, the government announced a minor reduction in petrol prices, cutting Re1 per litre effective immediately until April 15. This adjustment follows appeals from oil marketing companies seeking to prevent supply chain disruptions ahead of Eidul Fitr.
The new petrol Read More...
Starting January 1, 2025, agricultural income in Pakistan will come under taxation, with all provinces structuring their laws in harmony with federal tax regulations for individuals and businesses.
Each provincial government has adjusted its legislation to include both small-scale farmers Read More...
On Friday, Federal Insurance Ombudsman (FIO) Mumtaz Ali Shah handed over the 2024 annual report to President Asif Ali Zardari at Aiwan-e-Sadr.
Shah told the president that the FIO sorted out 5,827 complaints, securing Rs2.32 billion in relief for insurance policyholders. He also updated Read More...
The Securities and Exchange Commission of Pakistan (SECP) has brought in new, tougher rules for Fund Manager Reports (FMRs) from Asset Management Companies (AMCs). The aim is to make things clearer for investors in Collective Investment Schemes (CIS) so they can make better financial Read More...
The Islamabad High Court (IHC) has put a hold on a levy applied to natural gas and RLNG used by captive power plants (CPPs), blocking its enforcement until April 30, 2025. This levy was introduced under Section 3(1) of the Off the Grid (Captive Power Plants) Levy Ordinance, 2025.
Justice Read More...
On Friday, the federal government asked the National Electric Power Regulatory Authority (Nepra) to reduce electricity rates by Rs1.71 per unit across Pakistan, including Karachi, according to Dawn.
The government’s filing to Nepra states that this price drop will be covered by boosting Read More...
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The State Bank of Pakistan (SBP) reported today that net savings through National Savings Schemes (NSS) dropped to Rs23.33 billion in February, compared to Rs31.16 billion in January.
This decrease comes from lower investments in major savings options. Regular Income Certificates (RIC) Read More...
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The Federal Board of Revenue’s Large Tax Office (LTO) in Karachi has exposed a smuggling operation tied to luxury watches, used to launder black money and dodge taxes, according to a private TV channel report. The LTO swooped in on three upscale watch stores, accusing them of widespread tax Read More...
The Sindh High Court decided on Wednesday that Greentree Holdings Limited, along with the manager handling the public offer for TRG Pakistan, can push the buyback offer’s acceptance period to April 15, 2025, if they opt to. Once that deadline hits, though, the court’s interim stay order Read More...
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