The Govt of Pakistan category focuses on articles having news and updates related to the federal government of Pakistan.
Pakistan is gearing up for a significant overhaul of its tax system, with plans to eliminate the “non-filer” category in upcoming budget 2025–26 as part of negotiations with the International Monetary Fund (IMF) to strengthen fiscal discipline and broaden the tax base. The move comes as the government prepares to finalize the federal budget for…
In a major shakeup of global trade dynamics, US tariffs on Pakistan have surged to 29%, dealing a significant blow to bilateral trade and Pakistan’s export economy. This action is part of a wider move under former President Donald Trump’s revived protectionist policy, imposing reciprocal tariffs on over 180 countries. Trump justified the decision by…
Islamabad – March 24, 2025: The IMF declines to reduce tax on property, opposed to Pakistan’s request to lower taxes on real estate transactions, confirming that there will be no tax relief on property from April 2025. The Federal Board of Revenue (FBR) had sought a 2% reduction in withholding tax for property buyers, but…
Islamabad, March 22, 2025 – The International Monetary Fund (IMF) has agreed, in principle, to provide tax relief on property transactions in Pakistan. Effective April 2025, the 2% withholding tax reduction will apply to property buyers, while the tax rate for sellers will remain unchanged. The IMF has also approved collecting PKR 1,257 billion from…
Karachi, March 11, 2025 – Suzuki WagonR booking suspended as Pak Suzuki Motor Company (PSMC) has announced the permanent halt of bookings for all variants of the WagonR in Pakistan. The decision, which is effective immediately, was communicated to all authorized dealerships via an official notification. This move has also led to speculation about whether…
Pakistan’s economic landscape has been undergoing significant changes, with a series of interest rate cuts initiated by the State Bank of Pakistan (SBP) since mid-2024, now taking monetary policy expectations of rate cuts to an end. However, with inflation stabilizing and external economic factors shifting, experts suggest that the monetary easing cycle may be approaching…
Karachi, February 24, 2025 – Pak Suzuki Motor Company has announced a price hike for Alto and Ravi Models. With an increase in price of Suzuki Alto (all variants) and Suzuki Ravi. The new prices will be effective from February 25, 2025. According to an official notification sent to authorized dealers, the price increase follows…
On Feb 6, 2025, the GuGo Box EV officially launched in Pakistan, marking a significant step in the country’s electric vehicle market. This marks the company’s second all-electric hatchback, designed to cater to the growing demand for affordable and eco-friendly transportation in the country. The GuGo Box EV is available in three main variants: E1,…
Kia Lucky Motors has officially introduced the all-electric SUV Kia EV9 GT Line in Pakistan, marking a significant milestone in the nation’s automotive landscape. Priced at Rs. 43,200,000, the EV9 GT-Line combines cutting-edge technology with a commitment to sustainable mobility. Key Features of Kia EV9 GT Line Launched in Pakistan Impressive Range and Fast Charging…
ISLAMABAD: December 7, 2024 — Paksitan’s weekly inflation slows to 3.57%. It is the Short-term inflation, as measured by the Sensitive Price Index (SPI), measured as 3.57% year-on-year for the week ending December 5, signaling relief for consumers amidst easing prices of vegetables and pulses. This marks the second consecutive week of deceleration, with inflation…
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