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Unemployment Crisis Deepens in Pakistan: Urgent Reforms Needed

04-Jan-2025
Pakistan’s unemployment rate has risen sharply to 7% from 1.5% over the past decade, according to a Ministry of Planning report.The report attributes this surge to insufficient GDP growth, which has f...
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Unemployment Crisis Deepens in Pakistan: Urgent Reforms Needed

Government Imposes New Levy on Captive Gas Units to Promote Grid-Based Energy

04-Jan-2025
The government has announced an initial 5% levy on the base price of Rs4,500 per MMBtu for captive gas units, with incremental hikes up to 20%, according to sources cited by Mettis Global News.The dec...
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Government Imposes New Levy on Captive Gas Units to Promote Grid-Based Energy

SRB Achieves 23% Growth in Revenue Collection for H1 FY 2024-25

03-Jan-2025
Revenue collection maintained an upward trend in the first half of fiscal year 2024-25, with total collections rising to Rs133.14 billion compared to Rs108.59 billion in the same period last fiscal ye...
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SRB Achieves 23% Growth in Revenue Collection for H1 FY 2024-25

Mandatory ADR for SOEs After Tax Laws Amendment 202

03-Jan-2025
State-Owned Enterprises (SOEs) are seeking exemptions from income tax, despite an amendment to Section 134A of the Income Tax Ordinance, which mandates SOEs to use the Alternative Dispute Resolution (...
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Mandatory ADR for SOEs After Tax Laws Amendment 202

Cement Industry Sees Mixed Trends in December 2024

03-Jan-2025
According to data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement despatches in December 2024 stood at 3.370 million tons, down 4.76% from 3.539 million tons in Dec...
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Cement Industry Sees Mixed Trends in December 2024

ATIR Ruling Favors Taxpayers on Delayed Appeals

03-Jan-2025
The Appellate Tribunal Inland Revenue (ATIR) has ruled that prolonged inaction and silence by Federal Board of Revenue (FBR) officials in recovering confirmed tax demands justify condoning delays in t...
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ATIR Ruling Favors Taxpayers on Delayed Appeals

KPRA Achieves 45% Revenue Growth in First Half of FY 2024-25!

03-Jan-2025
The Khyber Pakhtunkhwa Revenue Authority (KPRA) has collected an impressive Rs24.2 billion in the first half of the financial year 2024-25, reflecting a remarkable 45% growth compared to the same peri...
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KPRA Achieves 45% Revenue Growth in First Half of FY 2024-25!

Pakistan Import Surge Reflects Trade Revival in December 2024

02-Jan-2025
Pakistan’s goods imports surged to $5.2 billion in December 2024, marking the highest monthly figure in two years and reflecting an $800 million increase from November’s $4.4 billion. This rebound fol...
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Pakistan Import Surge Reflects Trade Revival in December 2024

Services Trade Shows Positive Growth in FY2024

02-Jan-2025
ISLAMABAD: Pakistan's services exports saw a 7.8% increase during the first five months of the current fiscal year, reaching $3.275 billion, up from $3.044 billion in the same period of the previous y...
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Services Trade Shows Positive Growth in FY2024

Pakistan’s Trade Deficit Widens Despite Export Growth in H1 FY25

02-Jan-2025
Pakistan’s exports saw a 10.52% increase in the first half (July-December) of fiscal year 2024-25, reaching $16.561 billion, compared to $14.985 billion in the same period last year, according to data...
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Pakistan�s Trade Deficit Widens Despite Export Growth in H1 FY25
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