News

Introduction of General Sales Tax (GST) The federal government plans to implement a 3–5 percent General Sales Tax (GST) on petroleum products in the upcoming fiscal year to bolster domestic…

Enhanced Tax Compliance Measures High-Risk Taxpayer Identification: The Federal Board of Revenue (FBR) will utilize the CRM system to identify high-risk taxpayers in the retail, real estate, and corporate sectors…

Overview The International Monetary Fund (IMF) has outlined 11 new conditions for Pakistan to meet to access the remaining funds under its $7 billion loan program, as detailed in the…

Proposal Resubmission to ECC The Power Division is set to resubmit its proposal to the Economic Coordination Committee (ECC) to amend Net-Metering Regulations and lower solar energy buyback rates, as…

Proposed Sales Tax in Islamabad The federal government is planning to introduce a sales tax on ride-hailing services in Islamabad for the fiscal year 2025-26 budget. FBR's Tax Plan According…

Prime Minister Shehbaz Sharif has declared May 10 as ‘Marka-e-Haq Day’, to be observed annually across Pakistan. This day honors the successful defense during Operation Bunyanum Marsoos, celebrating the resilience…

No Pursuit of Nuclear Weapons Iranian President Masoud Pezeshkian, speaking at a cabinet meeting in Tehran on Sunday, reiterated that Iran has no intention of developing nuclear weapons. He emphasized…

Major Military Development The Pakistan Air Force (PAF) announced a decisive 6-0 victory against the Indian Air Force (IAF) in a recent conflict, as stated during a joint press conference…

Rafael Grossi, head of the International Atomic Energy Agency (IAEA), warned that Iran is dangerously close to developing a nuclear weapon. In a Le Monde interview, Grossi noted Iran is…