Pakistan’s biggest companies paid Rs1.22 trillion in direct taxes in 2024, up 2.2% from last year, making up 23.6% of all direct taxes the country collected. A news report says car makers led the pack with a huge 62% jump in taxes paid, followed by fertiliser companies at 19%, investment banks Read More...
Car loans in Pakistan jumped to Rs249 billion by February’s end, up from Rs241.6 billion in January, thanks to cheaper interest rates pushing people to lease vehicles. Back in August 2024, loans were at Rs227.3 billion, still way below the Rs368 billion high from June 2022. Interest rates Read More...
On Monday, Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, met with his team and World Bank folks at the Finance Ministry to talk about a big 10-year plan worth $20 billion. They focused on stuff like better health, schools, fighting climate change, and growing the economy the right Read More...
Khyber Pakhtunkhwa (KP) Chief Minister Ali Amin Khan Gandapur recently shared that his government hasn’t borrowed a single penny in the last year and even paid back Rs50 billion of old debt. Speaking at a press conference on Sunday, he said that when he took over, there was barely enough cash Read More...
The Islamabad High Court (IHC) told the Federal Board of Revenue (FBR) to get an automatic tax refund system going, but the FBR hasn’t done much about it yet, according to a news report. The whole point was to make refunds quicker and cut down on taxpayers having to deal with tax workers, but Read More...
The National Highway Authority (NHA) is stuck in a money mess. It owes a huge Rs3.1 trillion, and it’s losing over Rs1.82 trillion this year, according to a news update. Even though it’s got stuff worth Rs5.8 trillion, it’s only bringing in Rs54.15 billion, which has people worried about Read More...
Prime Minister Shehbaz Sharif has unleashed the full might of the Federal Board of Revenue (FBR), Federal Investigation Agency (FIA), and Intelligence Bureau (IB) to tackle sugar industry tycoons allegedly pocketing a staggering Rs140 billion through shady dealings, as revealed by recent Read More...
The International Monetary Fund (IMF) has agreed to scrap the Tajir Dost Scheme (TDS) after the Federal Board of Revenue (FBR) reported higher-than-expected tax collections from retailers, wholesalers, and Associations of Persons (AOPs).
Tax Revenue Read More...
Prime Minister Shehbaz Sharif has expressed confidence in resolving Rs400 billion worth of pending tax cases, following a Sindh High Court ruling that provided Rs23 billion in relief to the government.
At a cabinet Read More...
Pakistan’s power distribution companies (Discos) have requested a 30-paise per unit reduction in fuel cost adjustment (FCA) for February, citing lower electricity generation costs. Despite 84% of power coming from cheaper domestic Read More...
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