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June Inflation May Hit Two-Year High

20-Jun-2026
Pakistan’s inflation rate is projected to climb to its highest monthly level in nearly two years during June 2026, primarily due to a surge in food prices associated with Eid-related demand, despite...
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June Inflation May Hit Two-Year High

Govt Revises Petroleum Levy Amid Major Fuel Cut

20-Jun-2026
The federal government has revised petroleum levy rates on key fuel products while implementing a substantial reduction in domestic petroleum prices effective June 20, 2026.Under the revised structure...
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Govt Revises Petroleum Levy Amid Major Fuel Cut

Committee Blocks FBR Access to Banking Data

20-Jun-2026
The National Assembly Standing Committee on Finance and Revenue has rejected a significant proposal contained in the Finance Bill 2026 that sought to authorize the Federal Board of Revenue (FBR) to ac...
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Committee Blocks FBR Access to Banking Data

Govt Rules Out More Salaried Tax Relief

20-Jun-2026
Finance Minister Muhammad Aurangzeb has ruled out the possibility of introducing additional tax relief or salary-related concessions for the salaried segment during the current budget cycle, stating t...
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Govt Rules Out More Salaried Tax Relief

FBR Extends Office Hours Before Fiscal Year-End

20-Jun-2026
The Federal Board of Revenue (FBR) has issued directives to all field formations nationwide to remain fully operational during regular office hours on June 27 and 28, 2026, as part of efforts to facil...
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FBR Extends Office Hours Before Fiscal Year-End

Pakistan Announces Massive Cut in Fuel Prices

19-Jun-2026
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday formally announced a substantial downward revision in petroleum product prices, reducing petrol by Rs74 per litre and high-speed diesel by Rs67 per l...
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Pakistan Announces Massive Cut in Fuel Prices

Govt Considers Rs55+ Per Litre Fuel Price Cut

19-Jun-2026
ISLAMABAD: Petroleum consumers could receive significant relief from June 20 as the federal government is considering a reduction of more than Rs55 per litre in fuel prices amid a sharp decline in int...
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Govt Considers Rs55+ Per Litre Fuel Price Cut

Committee Approves CGT Framework for Inherited Properties

19-Jun-2026
The National Assembly Standing Committee on Finance and Revenue has approved a key proposal to bring the sale of inherited properties and plots within the ambit of Capital Gains Tax (CGT). The recomme...
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Committee Approves CGT Framework for Inherited Properties

5% Tax Approved On Social Media Earnings In Pakistan

19-Jun-2026
The National Assembly Standing Committee on Finance and Revenue, under the chairmanship of Syed Naveed Qamar, has approved a proposal to impose a 5% withholding tax on income earned through digital an...
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5% Tax Approved On Social Media Earnings In Pakistan

Supreme Court Moves Court Fee Payments Online

19-Jun-2026
The Supreme Court of Pakistan has entered into a tripartite agreement with the State Bank of Pakistan and 1LINK (Guarantee) Limited to introduce a digital payment infrastructure for court-related fina...
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Supreme Court Moves Court Fee Payments Online
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