The federal government has announced a reduction in domestic petroleum product prices under its fortnightly pricing review mechanism, lowering the rates of both motor spirit (petrol) and high-speed diesel (HSD) with effect from June 13, 2026.
According to an official notification, the Read More...
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The federal government has proposed a reduction in total subsidy expenditures for fiscal year 2026-27, allocating Rs1.091 trillion compared to the Rs1.186 trillion budgeted for the preceding fiscal year, reflecting ongoing efforts to manage public finances and rationalise expenditure. Budget Read More...
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Federal government employees and various public-sector labour organisations have announced protest actions against the proposed 7% salary increase contained in the Federal Budget 2026-27, contending that the adjustment is insufficient to address the continuing rise in living expenses and Read More...
The Government of Pakistan has presented a federal budget of Rs18.77 trillion for fiscal year 2026-27, reflecting a policy framework focused on fiscal consolidation, enhanced defence preparedness, and compliance with commitments under the country’s ongoing programme with the International Read More...
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The Federal Board of Revenue has established a dedicated facilitation and technical support centre operated by Pakistan Revenue Automation Limited (PRAL) at the Large Taxpayers Office Karachi to assist taxpayers in accessing and utilising digital tax services.
According to an official Read More...
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The Pakistan Tax Bar Association (PTBA) has called upon Muhammad Aurangzeb to provide detailed clarification regarding several legal, procedural, and interpretational issues arising from the proposed Fixed Tax Scheme (FTS) for small traders, noting that significant ambiguities remain prior to Read More...
The federal government is reportedly evaluating the introduction of a third tier of Federal Excise Duty (FED) on cigarettes through the Finance Bill 2026, replacing the existing two-tier taxation framework as part of broader efforts to address the growing prevalence of illicit tobacco products Read More...
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The federal government has decided to make compliance with digital monitoring and electronic invoicing requirements a prerequisite for the processing and payment of sales tax refunds under the FASTER system, a move expected to be incorporated in the FY2026-27 federal budget.
Under the Read More...
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National Clearing Company of Pakistan Limited (NCCPL) has introduced revisions to the methodology for calculating and collecting Capital Gain Tax (CGT) and Super Tax (ST) for Tax Year 2026, following directions arising from an order issued by the Federal Constitutional Court of Pakistan on Read More...
Telenor ASA is reportedly evaluating the sale of its 55% shareholding in Easypaisa Bank Limited, a transaction that could result in the company’s complete withdrawal from Pakistan after maintaining a presence in the country for more than two decades.
According to a report published by Read More...
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