News Category will include ths artciles about the news about taxes, finance and economy mainly related to Pakistan
The Finance Act 2025, effective from July 1, 2025, introduces significant changes to tax regulations with the implementation of Section 21 S, as outlined in the Finance Bill published in the Gazette of Pakistan dated June 29, 2025,. This new provision imposes a restriction on cash transactions, particularly the tax on 200000 cash deposit, where…
Launched on June 29, 2025, by Prime Minister Shehbaz Sharif, Apna Meter Apni Reading Using Smart Meter App is a revolutionary tool designed to enhance transparency and accuracy in electricity billing across Pakistan. Under the Apna Meter Apni Reading Smart Meter App initiative, the app empowers consumers to submit their own smart meter readings, addressing…
The Pakistan Budget 2025-26, presented on June 10, 2025, by Finance Minister Muhammad Aurangzeb, outlines a roadmap for economic stabilization, growth, and reform. With a total outlay of Rs17.573 trillion, the Budget 2025-26 targets a 4.2% GDP growth rate, a fiscal deficit of 3.9%, and a primary surplus of 2.4%. It emphasizes fiscal discipline, structural…
The federal budget 2025-26 has brought major changes to the automobile sector in Pakistan. The 2nd hike in Suzuki Alto 2025 Price, which has been a popular choice for families across the country, is seen as the biggest impacts on small cars after budget 2025-26 . Due to higher taxes — including an increase in…
ISLAMABAD June 10, 2025: The Budget 2025-26 introduces significant updates to the taxation framework governing advance tax on sale/purchase of property in Pakistan. Aimed at balancing revenue generation with economic stimulation, the government has proposed adjustments to advance tax rates under Sections 236K and 236C. These changes reflect a strategic approach to influence the real…
May 15, 2025: The Punjab government, under the leadership of Chief Minister Maryam Nawaz Sharif, has rolled out CM Punjab Livestock Card Phase 2, a transformative initiative designed to uplift small-scale farmers and rural women across the province. Backed by a substantial Rs. 11 billion investment, this scheme builds on the success of its predecessor,…
ISLAMABAD June 10, 2025: In a major policy shift aimed at easing the financial burden on working individuals a relief for tax on salary 2025-26 has been announced by the Government of Pakistan making a singnificant tax relief for salaried class in its federal budget for fiscal year 2025–26. This move comes in response to…
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…
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