Senate Committee Approves Hike in Withholding Tax on Cash Withdrawals by Non-Filers to 1%
The Senate Standing Committee on Finance on Wednesday approved a proposal to increase the withholding tax on cash withdrawals by
PM Shehbaz Forms High-Level Committee to Accelerate Cashless Economy and Digitization
Prime Minister Muhammad Shehbaz Sharif on Wednesday established a high-level committee, chaired by himself, to promote a cashless economy and
PM Shehbaz Confirms IMF Approval for Tax Exemption on Agriculture Sector
Prime Minister Shehbaz Sharif announced on Wednesday that the government has successfully persuaded the International Monetary Fund (IMF) to exempt
Senate Committee Recommends Zero Tax on Annual Salaries Up to Rs. 1.2 Million
The Senate Standing Committee on Finance on Wednesday recommended exempting annual incomes up to Rs. 1.2 million from income tax,
Careem Exits Pakistan’s Ride-Hailing Market
Careem, one of the pioneering ride-hailing services in Pakistan, announced it will shut down its ride-hailing operations in the country
PM Shehbaz Sharif Orders Linking of Reko Diq to Pakistan Railways by 2028
Prime Minister Shehbaz Sharif directed relevant authorities to connect the Reko Diq mining area with Pakistan’s railway network by 2028
National Assembly Committee Rejects Proposal to Impose 18% GST on Imported Solar Panels
The National Assembly’s Standing Committee on Finance and Revenue on Tuesday unanimously rejected the Federal Board of Revenue’s (FBR) proposal
Pakistan’s Net Foreign Direct Investment Falls 37% in May 2025
Pakistan’s net Foreign Direct Investment (FDI) declined sharply to $ 194 million in May 2025, marking a 37 percent drop
FBR Begins Distribution of New Honda City Cars Worth Rs. 6 Billion to Tax Officers
The Federal Board of Revenue (FBR) has commenced the distribution of brand-new Honda City vehicles to its tax officers, with
Pakistan’s Current Account Deficit Narrows to $103 Million in May 2025
Pakistan’s current account deficit shrank significantly to $103 million in May 2025, marking a 56 percent improvement compared to a
