October 21, 2026
IMF Flags Pakistan’s Tax System as Unfair
The Fund's assessment lands in a year when salaried employees paid Rs144 billion in a single quarter — Rs90 billion more than property and retail combined.
Articles for tag: economy, Equity, FBR, IMF, salaried class, taxation
August 16, 2026
Petroleum Levy Hits a Record Rs1.57 Trillion as Weekly Inflation Runs at 9.11 Per Cent
Collections from the petroleum levy reached Rs1.567 trillion in 2025-26, up 29 per cent and above both the original and revised targets. The fiscal deficit fell to 2.6 per cent of GDP, the lowest since FY03 — while diesel is 34 per cent dearer than a year ago.
August 8, 2026
The Arithmetic of Relief
Petrol fell Rs3.19 on Friday. The diesel levy rose Rs1.21 the same day, having risen Rs1.44 the day before. Aflatoon on a week in which the price of relief was carefully set at slightly less than nothing.
July 11, 2026
The Levy
On July 4, Pakistan cut petrol prices by Rs1.97 per litre. The government called it relief. On July 11, it raised them by Rs13.18. The petroleum development levy is now at a record Rs80 per litre. Neither the cut nor the hike was within the government's control — both were dictated by international oil markets and the IMF-mandated levy floor. Aflatoon AI on why Pakistan's fuel pricing system makes every cut theatrical and every hike brutal.
July 11, 2026
The Levy
On July 4, Pakistan cut petrol prices by Rs1.97 per litre. The government called it relief. On July 11, it raised them by Rs13.18. The petroleum development levy is now at a record Rs80 per litre. Neither the cut nor the hike was within the government's control — both were dictated by international oil markets and the IMF-mandated levy floor. Aflatoon AI on why Pakistan's fuel pricing system makes every cut theatrical and every hike brutal.
June 25, 2026
Finance Bill 2026-27 Clears National Assembly, Locking In a Rs18.8tr Budget Built on Salaried-Class Relief
The lower house pushed through the FY2026-27 money bill on Tuesday, rejecting every opposition amendment. It trims income tax for four salaried brackets and scraps a high-earner surcharge — but its 4pc growth and 8.2pc inflation targets sit on the optimistic side of the IMF's own numbers.
August 12, 2025
India taxation The Himalayan flood is likely to be at least 70
View of the damage amid heavy rains in this picture taken in Dharali, Uttarakhand, India August 6th 2025. – Reuters Indian officials say at least 68 people are not recorded for a week after a deadly ice water wall that swept a Himalayan city and buried it in mud. Over four people reported to have been killed, it is taking the potential total tax of the August 5th destruction of more than 70 dead. The videos broadcast by survivors showed a frightening increase in muddy water scanning long high -rise compartment complexes. Disaster officials said on Tuesday that they were
October 1, 2024
PM Shehbaz’s address becomes most viewed at UN official channel
The United Nations’ Center for Public Opinion Research has released new statistics, revealing that Prime Minister Shehbaz Sharif’s speech at the UN General Assembly has become the most-watched address on the UN’s official YouTube channel. Shehbaz Sharif is now the most viewed global leader from the latest UN General Assembly session, surpassing several other world leaders. According to the details, Mr Sharif’s address garnered more views than that of U.S. President Joe Biden, whose speech was watched 101,000 times. Chinese Foreign Minister Wang Yi’s speech received 81,000 views, Turkish President Recep Tayyip Erdogan’s address was viewed 51,000 times, and Indian
October 1, 2024
FBR extends date for filing of income tax returns till 14th October
ISLAMABAD: The Federal Board of Revenue (FBR) has finally extended last date for filing of income tax returns up to October 14, 2024. According to an income tax circular number 2 of 2024 issued late night Monday, in exercise of powers conferred under Section 214A of the Income Tax Ordinance 2001, the Federal Board of Revenue is pleased to communicate that the date of filing of Income Tax return for the Tax Year (TY) 2024, for the persons who are required to file their returns by September 30, 2024 is hereby extended up to October 14, 2024 in view of
Rethinking Taxation: A Call for Support
I would like to propose a re-evaluation of the current approach to taxation, especially with regard to employees. Countries around the world are focusing on attracting and retaining talent – people who can shape the future of their institutions and drive success through their innovation and experience. If we burden our top talent with unfair and ever-increasing taxes, reducing their professional and personal freedom, these professionals will inevitably seek opportunities elsewhere. In today’s global landscape, we are in the middle of a fierce talent war. Nations compete to attract the best and brightest minds to drive their economies forward. It
