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New Captive Power Levy Billing Starts February 2025

03-May-2025
The federal government has mandated gas utilities to commence billing of captive power consumers under the Grid (Captive Power Plants) Levy Ordinance, 2025, effective for February 2025, introducing a ...
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New Captive Power Levy Billing Starts February 2025

Petroleum Levy Hike to Rs78.02 and Rs77.01 Amid Revenue Push

03-May-2025
The federal government has hiked the petroleum levy (PL) by Rs18.02 per litre on petrol and Rs17.01 per litre on high-speed diesel (HSD) since March 16, 2025, aiming to meet fiscal year revenue target...
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Petroleum Levy Hike to Rs78.02 and Rs77.01 Amid Revenue Push

SBP Maintains 12% Interest Rate Amid Geopolitical Tensions

02-May-2025
The State Bank of Pakistan (SBP) is expected to maintain its key interest rate at 12% on Monday, according to a Reuters poll, a decision with significant tax implications for businesses navigating eco...
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SBP Maintains 12% Interest Rate Amid Geopolitical Tensions

SBP Highlights FDI Barriers: Tax Strategies for Businesses

02-May-2025
The State Bank of Pakistan (SBP) has pinpointed critical barriers to attracting foreign direct investment (FDI), including political instability, high taxation, and inadequate infrastructure, issues w...
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SBP Highlights FDI Barriers: Tax Strategies for Businesses

KP Rs40B Scandal: Tax Compliance Risks for Businesses

02-May-2025
The Rs40 billion financial scandal in Khyber Pakhtunkhwa has escalated, with the Director General (DG) Audit exposing Rs21 billion in irregular payments during the 2023-24 fiscal year, a revelation wi...
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KP Rs40B Scandal: Tax Compliance Risks for Businesses

SRB April Revenue Rises 24%: Ensure SST Compliance

02-May-2025
The Sindh Revenue Board (SRB) has announced a notable 24% increase in revenue collection for April 2024-25, amassing Rs23,334 million compared to Rs18,836 million in April 2023, a development with sig...
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SRB April Revenue Rises 24%: Ensure SST Compliance

NAB Transfers Property to PSO: Tax Implications to Consider

01-May-2025
The National Accountability Bureau (NAB) Karachi has formally transferred a confiscated property to Pakistan State Oil (PSO), resolving a decades-old corruption case with significant tax implications ...
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NAB Transfers Property to PSO: Tax Implications to Consider

ATIR Declares Unlawful Sealing: Know Your Taxpayer Rights

01-May-2025
The Islamabad bench of the Appellate Tribunal Inland Revenue (ATIR) has delivered a landmark ruling, declaring the sealing of a taxpayer’s retail outlet by tax authorities as unlawful, a decision th...
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ATIR Declares Unlawful Sealing: Know Your Taxpayer Rights

India’s Airspace Ban on Pakistan: Tax Implications for Businesses

01-May-2025
India has closed its airspace to Pakistani airlines from April 30 to May 23, 2025, in retaliation for Pakistan’s ban on Indian airlines, following the Pahalgam attack that killed 26 tourists in occu...
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India’s Airspace Ban on Pakistan: Tax Implications for Businesses

Rising Electricity Costs in May: Tax Deduction Strategies

30-Apr-2025
Consumers face higher electricity bills in May 2025 due to a drop in hydropower generation and increased reliance on expensive fuels, a shift that raises significant tax considerations for businesses....
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Rising Electricity Costs in May: Tax Deduction Strategies
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