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Mubarak Zeb KhanDawn Business |
ISLAMABAD: In a remarkable fiscal performance, Karachi has emerged as the leading city in revenue collection for 2024-25, registering unprecedented...
ISLAMABAD: The annual inflation rate dropped sharply to 4.49 per cent during the fiscal year 2024-25 from 23.41pc in the previous year, mainly due to...
ISLAMABAD: Despite two downward revisions, the Federal Board of Revenue (FBR) missed its revenue collection target by nearly Rs163 billion for FY25,...
ISLAMABAD: In a marked deviation from its stated tariff reform agenda, the government has retained regulatory duties (RDs) on the import of over 300...
ISLAMABAD: Pakistan’s crude oil import bill registered double-digit growth during the first 11 months of the current fiscal year, while exports of...
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), dipped 1.52pc year-on-year for the week ending June 26, mainly due to a...
• Naveed Qamar meets Aurangzeb to push for amendments • Federal cabinet likely to approve revised Finance Bill today • Most contentious clause...
ISLAMABAD: Pakistan’s trade deficit with nine neighbouring countries widened by 32.82 per cent to $11.17 billion during the first 11 months of the...
• Tax on income derived from dividends raised to 29pc • 20pc tax proposed on profits from investments in government securities • FED of Rs10...
• Standing committee recommends 50pc raise in govt employees’ pay, 20pc increase in pension • Tax exemptions sought for individuals earning...
ISLAMABAD: A parliamentary committee on Saturday approved key amendments to the Finance Bill 2025, including tax relief for low-income salaried...
• Restrictions on used vehicles up to five years old to be lifted from Sept • Age limit to be fully removed from July 2026; quality standards to...
• Drops proposal for 4pc uniform rental valuation on commercial properties • Exclusive clubs charging Rs1m or more membership fees brought under...
• Senate, National Assembly panels oppose carbon levy, term it undue burden on public • Approve new taxes on high-value pensions, athletes •...
• Proposes raising purchase limit for filers from 130pc to 400pc of declared wealth • Tax approved on previously exempt luxury private clubs •...
• Members of parliamentary committees say protectionist measures unnecessary as no one producing solar panels locally • Omar Ayub insists tariff...
ISLAMABAD: Parliamentary panels on Monday rejected several proposals aimed at granting broader powers to station tax officials at factory premises...
ISLAMABAD: The government is reevaluating the powers granted to Federal Board of Revenue (FBR) officers to arrest suspected tax evaders and adding...
ISLAMABAD: The Central Development Working Party (CDWP) has approved nine development projects totalling Rs25.19 billion and recommended another...
• Lawmakers warn misuse to hurt businesses, turn country into police state • FBR chief says tampered vehicles to be seized and destroyed • IMF...
• Tax relief for low-income salaried individuals reversed by cabinet, says FBR chief • PIA re-enters privatisation process, confirms finance...
• Dwindling federal transfers hamper province’s plans • Spending on health and education to see substantial increase Islamabad: The Khyber...
ISLAMABAD: The government has introduced a series of new provisions to expand sales tax registration and tighten compliance through penalties,...
• Rs1m fines proposed for unregistered online vendors in new Finance Bill • Banks, couriers to deduct withholding tax under new plan • Fine for...
Ziauddin • Exports expected to rise by $5bn by the end of five-year reform period • Super tax rate cut by 50bps for income slabs between Rs200m...
• Up to 80pc tax relief for salaried individuals earning Rs600,000-1.2m annually • Minimal relief for top salary brackets earning above Rs4.1m •...
• Sales tax waivers jump almost 50pc to Rs4.25tr • Income tax exemptions surge 68pc to over Rs800bn ISLAMABAD: Tax exemptions granted by the...
• Many goods, services will now be taxed at higher rates • Lower rates for digital payments versus cash transactions set to replace distinction...
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), eased 0.02 per cent year-on-year in the week ending June 5 owing to a...
ISLAMABAD: Prime Minister Shehbaz Sharif has approved a reduction in duties on over 7,066 tariff lines, which include raw materials, intermediate...
ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to engage the services of world-renowned companies for...
• Seek urgent meeting with PM to address ‘restrictive policies’ • Sound alarm over tariff hurdles, supply chain disruptions ISLAMABAD: Textile...
ISLAMABAD: The Federal Board of Revenue (FBR) missed its revenue collection target by nearly Rs1.008 trillion in the first 11 months of FY25 due to...
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), rose 0.41 per cent year-on-year in the week ending May 29 owing to a...
ISLAMABAD: Pakistan’s trade gap with the Middle East widened by 9.89 per cent to $11.731 billion during the first 10 months (July-April) of FY25...
ISLAMABAD: Pakistan’s oil import bill experienced double-digit growth, while exports of petroleum products increased during the first 10 months of...
• Both sides to continue discussions on revenue, defence, development, tariff reforms • Next review likely in second half of 2025 • Mission...
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), rose 1.35 per cent year-on-year in the week ending May 22 owing to a...
ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue directed the Federal Board of Revenue (FBR) on Thursday to automate and...
ISLAMABAD: Pakistan’s trade deficit with nine neighbouring countries widened by 34.64 per cent, reaching $9.787 billion in the first ten months of...
ISLAMABAD: The Federal Board of Revenue plans to introduce digital tracking of freight vehicles to prevent sales tax evasion and curb smuggling. A...
• GDP expands at 2.6pc, per capita income sees modest rise to $1,824 • Economy size swells to $411bn, agriculture grows just 0.56pc and LSM...
ISLAMABAD: Pakistan’s food import bill surged to nearly $7 billion during the first 10 months of the current fiscal year, rising from $6.82bn in the...
ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a high-powered steering committee to implement the five-year National Tariff Policy aimed at...
• Overhaul aims to cut customs, regulatory duties • Reforms expected to boost exports by $5bn in five years • Simple average tariff to fall from...
ISLAMABAD: The National Assembly Standing Committee on Commerce has recommended that the government grant a one-year extension to the elected...
ISLAMABAD: Pakistan’s merchandise exports to North America rose 11.24 per cent to $4.837 billion in the first nine months of 2024-25 from $4.348bn...
ISLAMABAD: The Pakistan Textile Exporters Association (PTEA) has urged the government to rectify anomalies in the industrial electricity...
ISLAMABAD: Pakistan’s exports to European countries grew 8.18 per cent in the first nine months of the current fiscal year from a year ago, mainly...
ISLAMABAD: The Sensitive Price Index (SPI) recorded a negative growth of 0.80 per cent year-on-year in the week ending May 8. The SPI-based inflation...
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