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Web Desk
Jul 09, 2025

New income tax law: How 41% tax applies to Rs200,000 deposits?

Tax consultants, however, believe that the said amendments have nothing to do with the income tax returns or bank transactions of “ordinary public”.

Business

Web Desk
Jun 27, 2025

Did recommendations in Budget FY2025-26 help salaried Pakistanis?

Workers earning up to Rs50,000 monthly will continue paying zero income tax, while those in the Rs50,001-100,000 bracket see their tax rate slashed from 5% to just 1%

Pakistan

Web Desk
Jan 24, 2025

KP plans to tax agriculture income, establish new force

Tax will be levied on cultivated land exceeding 50 acres and uncultivated land exceeding 100 acres. Farmers failing to pay the tax will face a penalty of 0.1% per day, which will be imposed by the tax collector.

Latest Pakistan

Hum News
Nov 16, 2024

Pakistan assures IMF of enforcing provincial income tax from January 2025

the Pakistan government assures the IMF of a surplus budget from the provinces and delineated arrangements for external financing during the discussions

Business

Web Desk
Nov 10, 2024

Punjab government implements agricultural tax on major landowners

This aligns with the stringent stipulations set forth by the International Monetary Fund.

Business

Web Desk
Jun 13, 2024

Budget insights 2024-25: personal taxes

The federal government announced the annual budget for fiscal year 2024-25 on Wednesday. Here is everything you need to know about taxes on your personal income and expenditures.

Pakistan

Web Desk
Jun 12, 2024

Finance minister presents Rs18.87tr budget amid opposition protest

This year’s budget, similar to the previous one, is widely seen as being tailored to meet the International Monetary Fund’s (IMF) conditions

Business

Web Desk
Jan 11, 2024

Last warning: FBR ready to cut non-filers’ power, gas, and mobile connections

The Federal Board of Revenue (FBR) has taken a stern stance against non-filers as it issues final notices for the blocking of mobile SIM cards and disconnection of electricity and gas connections.

Pakistan

Web Desk
Dec 31, 2023

Non-filers may face SIM blocking, utility disconnections in January 2024

The Federal Board of Revenue (FBR) is poised to take stringent measures in the coming month against non-filers in Pakistan.

Business

Web Desk
Dec 26, 2023

FBR targets non-filers with bank account seizure, travel ban

In a recent announcement, the Federal Board of Revenue (FBR) issued a stern warning, indicating that individuals who fail to file their income tax returns may encounter severe repercussions, including the suspension of bank accounts and restrictions on motorway and international air travel.