Govt Announces Huge Fines for Shop Owners
Shopkeepers who fail to register under Pakistan's Straightforward Tax Scheme or file tax returns through the regular system could face fines of up to…
Tag: Economy & Policy
Govt Thinks It Has Done Enough to Satisfy IMF
Although some targets, including circular debt, have not been fully achieved, Finance Secretary Imdadullah Bosal informed the National Assembly Standing Committee on Finance and…
Senators Demand Age Limit Restrictions on Social Media
Pakistan's Senate IT committee has pushed for stronger restrictions on social media employ by children under 16 as lawmakers examine feasible measures to improve…
Social Media Earnings Are Now on FBR Radar
Meanwhile, the Federal Board of Revenue (FBR) has introduced a mechanism to bring earnings from YouTube, Facebook, TikTok, Instagram, and other social media platforms…
Iran War May Hit Pakistan Worker Remittances: ADB
While warning that an escalation of the Iran War could disrupt labor markets in Gulf economies and potentially affect workers' remittances, the Asian Development…
Only 2 New Retailers Join Tax Net Under Govt’s Fixed Tax Scheme
Meanwhile, the government's fixed tax scheme for retailers has attracted only two new taxpayers so far, despite an annual collection target of Rs.
Ex-Goldman Sachs VP Appointed Pakistan Climate Authority Chairman
For context, the federal administration has appointed Hamza Farooq as the first Chairman of the Pakistan Climate Change Authority after Prime Minister Shehbaz Sharif…
Finance Ministry Clarifies IMF Role in Petroleum Levy
While acknowledging that petroleum pricing and levy-related measures form part of the agreed program framework, the Finance Ministry has clarified that the Petroleum Development…
Pakistan Now Has Enough Energy Reserves for 19 Years
As new discoveries and reserve upgrades offset depletion at a number of mature fields, according to Arif Habib Limited, pakistan's recoverable oil and gas…
Govt Tightens Rules on Supplementary Grant Requests
In practice, the Finance Division has tightened rules for reallocating and obtaining extra administration funds, limiting requests for supplementary grants and allowing exceptions to…