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Tag: tax revenue

The government stated it has prepaid a loan of Rs500 billion to the State Bank, four years ahead of its scheduled repayment in 2029.
Business
  • Web Desk
  • Jul 08, 2025
Pakistan repays Rs500 billion loan to the State Bank four years early

The prepayment is part of a broader imitative that has seen total loan prepayments reach Rs1,500 billion.

Sugar prices in Pakistan
Business
  • Web Desk
  • Mar 12, 2025
Govt crackdown on sugar mills boosts tax revenue by 54 per cent

Finance Minister Muhammad Aurangzeb revealed on Tuesday that the government’s intensified scrutiny of sugar mills this season has led to a remarkable boost in sales tax revenue.

The Federal Board of Revenue (FBR) reported a record tax revenue collection of Rs872 billion for January, marking a significant 29 per cent increase compared to the same month in the previous year.
Pakistan
  • Web Desk
  • Feb 01, 2025
FBR collects record Rs872b revenue in January

The increase in tax revenue comes despite a backdrop of economic challenges, including a 10 per cent reduction in interest rates and a 22 per cent decline in inflation relative to the previous year.

The Punjab government initiated an agricultural tax targeting large landowners in the province to align with stipulations SET by the IMF.
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.

With fewer working age people to support pension systems, authorities in China have approved a plan to gradually raise the retirement age.
World
  • DW
  • Oct 04, 2024
China to raise retirement age amid demographic decline

According to reports, the boat capsized while enroute to the city of Goma in northern Kivu.

electricity prices reduction Pakistan business council
Business
  • Web Desk
  • Dec 29, 2023
Pakistan Business Council calls for cut in electricity prices for economic growth

The Pakistan Business Council (PBC), the nation’s foremost corporate sector advocacy platform, is calling on government authorities to reduce power tariffs.

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