The Federal Constitutional Court (FCC) has held that super tax constitutes an additional levy on income and cannot be applied to income streams that are exempt under the Income Tax Ordinance, 2001.
According to media reports, the court observed in its judgment that super tax derives its Read More...
The Khyber Pakhtunkhwa Local Government Department has initiated an inquiry after a previously debarred company was awarded a contract valued at approximately Rs300 million for a street lighting project in Peshawar, as reported by The News.
Official records indicate that a total of 32 Read More...
The Islamabad field formation of the Federal Board of Revenue (FBR) has processed a long-outstanding tax refund within a three-week period following directives issued by Federal Tax Ombudsman Zafar ul Haq Hijazi.
According to reports, the matter involved a taxpayer seeking adjustment of Read More...
The Directorate of Intelligence and Investigation of the Federal Board of Revenue (FBR) has registered a first information report (FIR) alleging money laundering against a Karachi-based pharmaceutical company and five of its directors in connection with a Rs7.5 billion settlement payment, Read More...
The government has revised petroleum product prices, reducing kerosene rates while increasing the price of light diesel oil in response to fluctuations in international oil markets and exchange rate pressures.
According to a notification issued by the Oil and Gas Regulatory Authority Read More...
A pricing distortion within Pakistan’s petroleum pricing framework has led to substantial windfall gains for domestic refineries, while transferring elevated costs to end-consumers, despite a recent adjustment in the pricing mechanism, according to a report by The News citing industry Read More...
Pakistan’s mobile phone manufacturing and assembly recorded a 20 per cent year-on-year increase in March 2026, with total production reaching 2.79 million units, according to figures released by the Pakistan Telecommunication Authority.
This compares to 2.33 million units produced in Read More...
The federal government has approved a series of reforms aimed at enhancing the passport issuance process, focusing on reducing turnaround times and implementing a nationwide cashless payment system across passport offices.
During a meeting chaired by Mohsin Naqvi and attended by Minister Read More...
The Government of Balochistan has enforced Section 144 across border districts to curb the movement of wheat and address concerns related to smuggling and hoarding, according to official statements.
As per a notification issued by the Home Department, the directive has come into immediate Read More...
Visa has recorded an 80 per cent year-on-year surge in spending on premium consumer cards in Pakistan during the Ramazan and Eidul Fitr period, primarily driven by increased expenditure on travel, retail, and food categories.
According to Visa’s latest Retail Spend Monitor, consumer Read More...
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