Get ready for a crackdown of epic proportions! The Azad Jammu and Kashmir (AJK) government has launched a ferocious offensive to smash the smuggling of non-duty paid cigarettes into Pakistan, especially during Read More...
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Brace yourself for a game-changer! The Federal Board of Revenue (FBR) has just unleashed a powerhouse move by launching the Office of the Director General (Special Initiatives – Customs), a bold strike aimed at crushing the Read More...
Prepare to be astonished! Pakistan’s digital payment revolution is exploding with 88% of all retail transactions now surging through digital channels by volume, and mobile banking apps are leading the charge! Read More...
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 March alone by over Rs100 billion, pushing the Read More...
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 to prevent supply chain disruptions ahead of Eidul Fitr.
The new petrol Read More...
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.
Each provincial government has adjusted its legislation to include both small-scale farmers Read More...
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 complaints, securing Rs2.32 billion in relief for insurance policyholders. He also updated Read More...
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 for investors in Collective Investment Schemes (CIS) so they can make better financial Read More...
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 under Section 3(1) of the Off the Grid (Captive Power Plants) Levy Ordinance, 2025.
Justice Read More...
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.
The government’s filing to Nepra states that this price drop will be covered by boosting Read More...
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