Budget 2024-25: Here’s how much tax has been ‘increased’ on your salary
For non-salaried individuals, the maximum tax rate is proposed to be set at 45%. ISLAMABAD – Pakistan’s federal government has…
Economy
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Federal Budget 2024-25: Key Takeaways, updates including allocations & targets
In the federal budget, Rs2,122 billion has been reserved for defense. It reflects a 19.29 percent increase as the allocation…
Budget 2024-25: Govt to increase taxes on property for filers and non-filers
Sources stated that the government expects to collect up to Rs. 70 billion from the property industry in the coming…
Pakistan’s donkey population increases massively, reveals Economic Survey 2023-24
A significant increase was also observed in the population of sheep and goats. ISLAMABAD: The population of donkeys in Pakistan…
Budget 2024-25; Federal govt set budget outlay of Rs18000 billion
Tax collection target likely to be set at Rs 12.9 trillion with interest and debt payments estimated at Rs 9.5…
NEC approves 5-year development plan, economic growth target for FY25
PM Shehbaz chairs NEC meeting ahead of federal budget 2024-25 ISLAMABAD: The National Economic Council (NEC) approved in principle the…
State Bank announces 150 basis points cut in key policy rate
The State Bank noted that “real interest rates are still significantly positive, which is important for continuing to guide inflation…
Govt bans Three-Phase meters?
The Electric Supply Company will charge the purchase of AMR meters at Rs 42,000 to its consumers. LAHORE: Lahore Electric…
FBR orders Netflix to pay Rs. 200 million income tax
Non-residents were already taxed for offshore services by the Sindh Revenue Board, but the FBR now imposes income tax on…
IMF & Pakistan Clash Over Tax Exemptions: Negotiations Continue
The Finance Ministry has signaled its openness to taxing pensions exceeding one lakh rupees per month. ISLAMABAD: Pakistan and the…