The Federation of Pakistan Chambers of Commerce and Industry has unveiled four independent “shadow” policy studies presenting an alternative economic framework aimed at accelerating economic growth, expanding the tax base, and addressing Pakistan’s fiscal imbalances through structural Read More...
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Global consultancy Frontier Economics has warned that Pakistan’s cumulative tax burden on mobile services, estimated at 37%, ranks among the highest internationally and is negatively affecting mobile penetration, digital expansion, and long-term revenue generation.
The observations were Read More...
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The Sindh High Court has acquitted former National Bank of Pakistan president Syed Ahmed Iqbal Ashraf in the ₨54 billion Hascol financing case after observing that a substantial number of individuals initially nominated in the matter had subsequently been acquitted, exonerated, or converted Read More...
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A constitutional petition has been filed before the Lahore High Court challenging the Punjab government’s decision to increase agricultural income tax rates, with petitioners alleging that the revised taxation measures were introduced in violation of mandatory legislative procedures prescribed Read More...
Asif Ali Zardari has dismissed a representation filed by the Federal Board of Revenue against the Federal Tax Ombudsman, rejecting the tax authority’s position that taxpayers should be required to furnish surety bonds before receiving refunds arising from appellate relief Read More...
The federal government and representatives of the trader community are reportedly nearing consensus on a proposed simplified fixed tax regime for retailers, which is expected to form part of the Finance Bill 2026-27 for businesses having annual turnover up to ₨200 million, according to a Read More...
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The principal accused in a multi-billion-rupee housing fraud investigation has been arrested in the United Arab Emirates following an international operation conducted through coordination between Interpol and Pakistani authorities under an expanded anti-corruption cooperation Read More...
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The Senate of Pakistan on Thursday approved seven government bills, including the Fiscal Responsibility and Debt Limitation (Amendment) Bill, 2026, aimed at strengthening the operational framework and institutional capacity of the Debt Management Office to improve public debt oversight and Read More...
Pakistan’s weekly inflation rate, measured through the Pakistan Bureau of Statistics Sensitive Price Indicator (SPI), recorded a decline of 0.33% for the week ending May 21, 2026, primarily due to reductions in prices of chicken, electricity charges, petrol, and diesel, according to official Read More...
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The Federal Board of Revenue has suspended the sales tax registration status of K-Electric with effect from May 20, 2026, according to taxpayer registration information available on the FBR’s online portal.
Despite the suspension of the company’s sales tax registration, K-Electric’s Read More...
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