Karachi, June 27, 2024 – The government of Pakistan remains undecided on the implementation of the new normal tax regime for exporters, set to begin on July 1, 2024, amidst considerable opposition from the sector, sources revealed on Thursday.
Karachi, June 27, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) expressed strong concerns on Thursday regarding the measures introduced in the Federal Budget 2024-25, warning that these could derail the country’s information technology (IT) industry.
Islamabad, June 26, 2024 – In a significant policy shift, Finance Minister Muhammad Aurangzeb announced on Tuesday that heavy taxes on retailers will take effect from July 1, 2024.
Islamabad: The high-powered budget anomaly committee constituted by the Federal Board of Revenue (FBR) has proposed a 30 percent tax on bank deposits of non-filers.
Karachi, June 24, 2024 – Muhammad Hanif Gohar, Former Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and General Secretary of the United Business Group (UBG) Sindh Zone, voiced strong criticism of the 2024-25 federal budget, warning that it would exacerbate smuggling activities rather than bolster the formal economy.
Islamabad, June 24, 2024 – The Federal Board of Revenue (FBR) has provided a detailed explanation of the new property tax rates introduced through the Finance Bill 2024.
Islamabad, June 24, 2024 – Federal Minister for Finance and Revenue, Muhammad Aurangzeb, assured the Pakistan Business Council (PBC) on Monday that their recommendations would be considered in the finalization of the 2024-25 budget.
Karachi, June 24, 2024 – The Korangi Association of Trade and Industry (KATI) has issued a stern warning to the authorities, asserting that the proposed abolishment of the Fixed Tax Regime for exports will devastate the industry.
ISLAMABAD, June 22, 2024 – The International Monetary Fund (IMF) has commended Pakistan for its stringent economic decisions embedded in the 2024-25 budget.
ISLAMABAD, June 22, 2024 – The Senate Standing Committee on Finance has projected that the 2024-25 budget measures will lead to a 10 percent inflation increase next year. This estimation was presented by the committee chairman, Senator Saleem Mandviwalla, during a Saturday meeting that sharply criticized new tax proposals on essential goods. In his remarks, […]