Taxation and Finance category contains all the blogs that elaborates the taxation regime and financial sector updates in Pakistan
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…
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…
KARACHI: Finance Minister Muhammad Aurangzeb has announced that Pakistan is on track to achieve an all-time high of $35 billion in FY25 workers’ remittances, compared to $30.25 billion in FY24. Speaking at the Overseas Investors Chamber of Commerce and Industry (OICCI) in Karachi, he emphasized that the rupee-dollar exchange rate is now dictated by market…
KARACHI: In a significant move, the Pakistan Business Council (PBC) has expressed optimism about the expected policy rate cut of 200 basis points (bps) reduction in the policy rate during the upcoming Monetary Policy Committee – MPC meeting on December 16. With inflation showing signs of stability, this cut could be the first of several,…
ISLAMABAD: As Pakistan’s exports rise by 12.57%, the overall trade performance has shown a mixed but promising trend in the first five months of the fiscal year 2024-25, with significant improvements in exports and a narrowing trade deficit. The data, released by the Pakistan Bureau of Statistics (PBS), reflects both year-on-year (YoY) growth and monthly…
Islamabad: Pakistan’s Inflation Rate in November 2024, measured by the Consumer Price Index (CPI), dropped to 4.9%, marking the lowest level in six and a half years, according to the Pakistan Bureau of Statistics (PBS). This notable decrease brings relief to consumers and is a positive indicator for the country’s economy, which has been grappling…
ISLAMABAD— FBR teams up with NADRA to curb tax evasion with the use of technology. The Federal Board of Revenue is working on making tax evasion and avoidance even more difficult, to boost tax revenue. The Federal Board of Revenue (FBR) and the National Database and Registration Authority (NADRA) are advancing their collaborative efforts to…
ISLAMABAD – The Federal Board of Revenue (FBR) is gearing up to significantly raise in immovable property valuations, with an expected increase of up to 75% of current market values. Present Status to Raise in Immovable Property Valuations As per media reports, the much-awaited notification regarding these revised property values, which had faced delays, is…
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