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Pakistan Tax Deficit Hits Rs725B, IMF Revises Target, New Levies Imposed

29-Mar-2025
Pakistan’s tax revenue for the first nine months of FY 2024-25 (July-March) fell Rs725 billion short of the target, despite a 28% year-on-year increase in collections. The shortfall worsened in Marc...
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Pakistan Tax Deficit Hits Rs725B, IMF Revises Target, New Levies Imposed

Petrol Price Cut by Rs1/Litre Until April 15, HOBC Levy Increased

29-Mar-2025
On Friday, the government announced a minor reduction in petrol prices, cutting Re1 per litre effective immediately until April 15. This adjustment follows appeals from oil marketing companies seeking...
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Petrol Price Cut by Rs1/Litre Until April 15, HOBC Levy Increased

Agricultural Income Tax Becomes Law in Pakistan. Rates, Deadlines & Compliance

29-Mar-2025
Starting January 1, 2025, agricultural income in Pakistan will come under taxation, with all provinces structuring their laws in harmony with federal tax regulations for individuals and businesses.Eac...
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Agricultural Income Tax Becomes Law in Pakistan. Rates, Deadlines & Compliance

FIO and FOSPAH Drop 2024 Reports to President Zardari

29-Mar-2025
On Friday, Federal Insurance Ombudsman (FIO) Mumtaz Ali Shah handed over the 2024 annual report to President Asif Ali Zardari at Aiwan-e-Sadr.Shah told the president that the FIO sorted out 5,827 comp...
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FIO and FOSPAH Drop 2024 Reports to President Zardari

SECP Sets Tougher Rules for Fund Manager Reports

28-Mar-2025
The Securities and Exchange Commission of Pakistan (SECP) has brought in new, tougher rules for Fund Manager Reports (FMRs) from Asset Management Companies (AMCs). The aim is to make things clearer fo...
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SECP Sets Tougher Rules for Fund Manager Reports

Islamabad High Court Halts Gas Levy on Captive Power Plants Until April

28-Mar-2025
The Islamabad High Court (IHC) has put a hold on a levy applied to natural gas and RLNG used by captive power plants (CPPs), blocking its enforcement until April 30, 2025. This levy was introduced und...
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Islamabad High Court Halts Gas Levy on Captive Power Plants Until April

Government Pushes for Rs1.71 Per Unit Cut in Electricity Prices

28-Mar-2025
On Friday, the federal government asked the National Electric Power Regulatory Authority (Nepra) to reduce electricity rates by Rs1.71 per unit across Pakistan, including Karachi, according to Dawn.Th...
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Government Pushes for Rs1.71 Per Unit Cut in Electricity Prices

National Savings Schemes See Drop in February Inflows

28-Mar-2025
The State Bank of Pakistan (SBP) reported today that net savings through National Savings Schemes (NSS) dropped to Rs23.33 billion in February, compared to Rs31.16 billion in January.This decrease com...
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National Savings Schemes See Drop in February Inflows

FBR Busts Luxury Watch Smuggling Ring, Uncovers Rs 180M Tax Evasion

27-Mar-2025
The Federal Board of Revenue’s Large Tax Office (LTO) in Karachi has exposed a smuggling operation tied to luxury watches, used to launder black money and dodge taxes, according to a private TV chan...
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FBR Busts Luxury Watch Smuggling Ring, Uncovers Rs 180M Tax Evasion

Sindh High Court Extends TRG Pakistan Buyback Deadline, Tax Stakes Rise

27-Mar-2025
The Sindh High Court decided on Wednesday that Greentree Holdings Limited, along with the manager handling the public offer for TRG Pakistan, can push the buyback offer’s acceptance period to April ...
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Sindh High Court Extends TRG Pakistan Buyback Deadline, Tax Stakes Rise
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