The Federal Board of Revenue (FBR) has issued salient features explaining major changes in sales tax laws through the Finance Bill, 2026.
(more…)Author: Web Desk
-
Tax Arbitrage: The Mutual Fund and Insurance Industry in Pakistan
By Eashal Najeeb
What is tax arbitrage?
Tax arbitrage is the practice of exploiting differences in how the tax system treats economically similar income, entities, or transactions, so as to convert a higher-taxed flow into a lower-taxed one without changing the underlying economic substance. It is, in essence, a legal sleight of hand: the taxpayer does not hide income but reclassifies or reroutes it through a more favourably taxed channel.
(more…) -
NEC approves Rs3.67 trillion budget for FY2026-27, sets 4% GDP growth target
National Economic Council clears ambitious development outlay, targets economic stability and coordinated federal-provincial growth strategy
(more…) -
Communism, Socialism and Capitalism: Lessons from History and Relevance for the Future of Pakistan
By Eashal Najeeb, Knowledge Seeker at Durham, UK
Few ideas have shaped the modern world as profoundly as communism, socialism, and capitalism. These three systems have influenced governments, economies, and societies across continents, affecting how wealth is created, distributed, and regulated. While ideological debates often portray one system as superior to the others, historical experience suggests a more nuanced reality: each has delivered notable achievements while also revealing significant limitations.
(more…) -
Rihanna flees Beverly Hills after home shooting; suspect arrested
Pop superstar Rihanna reportedly left Beverly Hills following a frightening shooting incident at her mansion, according to recent reports.
(more…) -
IMF review mission to visit Pakistan next week for EFF and RSF talks
Islamabad, February 20, 2026 – The International Monetary Fund (IMF) on Friday welcomed Pakistan’s reform progress, highlighting that policy measures under its Extended Fund Facility (EFF) have helped stabilize the economy and restore market confidence.
(more…) -
SOEs report Rs122 billion net losses in FY25, up 300% YoY
Islamabad, February 13, 2026 – Pakistan’s State-Owned Enterprises (SOEs) recorded a staggering net loss of Rs122 billion in the fiscal year 2025, marking a 300% increase compared to the previous year, according to the latest annual report released by the Finance Ministry.
(more…) -
South Africa whitewash India 2-0 in historic Test series at home
Guwahati, November 26, 2025 – In a stunning display of dominance, South Africa completed a 2-0 Test series victory over India on Indian soil, marking their first series win in India in 25 years.
(more…) -
Pakistan Customs aims to cut dwell time to 12 hours
Karachi, September 19, 2025 – Pakistan Customs has announced a major initiative to reduce the average cargo dwell time to just 12 hours, in line with the vision set by Prime Minister Shehbaz Sharif.
(more…) -
FBR shares procedure to access IRIS Portal for new return filers
As the 2025 tax return filing season begins, the Federal Board of Revenue (FBR) anticipates a surge in the number of new taxpayers filing their income tax returns. In light of the latest measures introduced through the Finance Act, 2025, the FBR has issued detailed guidelines to help individuals, companies, and associations of persons (AOPs) access the IRIS portal, which is the official platform for online tax return submission.
(more…)