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Articles for tag: admits, companies, country, Energy, Expensive, FinMin, high, leaving, Taxes

January 15, 2026

News Desk

FinMin admits that some companies are leaving the country because of high taxes and expensive energy

Finance Minister Muhammad Aurangzeb addresses the Pakistan Policy Dialogue in Islamabad on January 14, 2026. — Screengrab via Geo News 20 new foreign investors entered Pakistan market: FinMin. He says investors include Google, Aramco, Wafi Energy, Turkish Petroleum. It adds up to nearly Rs 1 trillion wasted annually due to inefficiencies in state-owned enterprises. Finance Minister Muhammad Aurangzeb admitted on Wednesday that some companies are leaving the country because of high taxes and expensive energy, stressing that the government is fully aware of the challenges facing the economy. However, the finance minister said there are 20 new foreign investors including

December 10, 2025

News Desk

Taxes on high-end phones affect only 5% users, says FBR chairman

A man checks out an iPhone 16 Pro at an Apple store. — Reuters/File Premiums on the latest models go up to Rs 150,000. Imported phones are taxed under the current regime. A report on the matter is expected by March before the NA. The Federal Board of Revenue (FBR) said taxes on expensive, imported mobile phones affect only a small section of consumers, noting that premiums on new high-end models come to around Rs 150,000. “This is only a 5% customer issue,” FBR chairman Rashid Langrial told the Senate Standing Committee on Finance, which was deliberating on a petition

November 3, 2025

News Desk

The government needs to cut wages and corporate taxes

KARACHI: It’s that time of the year again when millions of salaried Pakistanis are busy filing their tax returns. Alongside this annual ritual, an important debate has emerged on social media – how much of Pakistan’s total tax revenue actually comes from wage earners? The debate, while emotional, should be seen as a healthy sign of public awareness. But more than just comparing levies, it should help policymakers think about whether our tax system is fair, just and progressive. Wages in Pakistan remain among the lowest in the world, and even in regional comparison, our labor remains extremely cheap. This

October 12, 2025

News Desk

FBR collects RS2B record in wedding taxes

Karachi: A significant increase has been recorded in the collection of taxes from wedding ceremonies across the country, as authorities are stepping up efforts to ensure the tax withholding collection on such events. According to documents by the Federal Revenue Council (FBR), during the financial year 2024-25, withholding tax discounts increased by 19 %, along with improved documentation in the field of events management. The FBR reported that the 2.02 billion Rs were collected in the financial year 2024-25 as a withholding tax in marriages, compared to RS1.70 billion in previous use, reflecting an increase of approximately 500 million Rs,

October 7, 2025

News Desk

‘Punitive’ taxes hurt growth

Lahore: The Pakistani Operational Forum (PBF) has expressed serious concern about the viability of the private sector in view of the instability of persistent policy and one of the highest corporate tax regimes in the region. In an interaction with the media, PBF president Khawaja Mahboobur Rehman emphasized that the private sector could not thrive under the irregular policy frameworks and punitive taxation, which were between the main causes behind the decline in confidence of investors. According to Rehman, the corporate sector is disproportionate with an effective tax rate of 45%, including the controversial 10% Super Tax. This super tax

October 1, 2025

News Desk

Speak good English, pay taxes and give back if you want to stay forever

Britain plans to tighten the rules on how immigrants can permanently settle by making applicants prove their value to society, including the ability to speak a “high level” of English, Interior Minister Shabana Mahmood said Monday. The plan is the latest government effort to increase the popularity of the United Kingdom’s populist reform, which has led to the debate on tackling immigration and forced Prime Minister Keir Starmer of the Labor Party to harden his policies. Most immigrants can today apply for “vague permission to stay” after five years in Britain, a regime that gives them the right to live

September 27, 2025

News Desk

Philippine death taxes go up to 11 as the BUALOI storm brings Vietnam

Coast Guard staff, rescuing residents from their flooded home, shows the height of the serious tropical BUALOI storm, in a village in Ormoc, Philippines on September 26, 2025. – AFP Manila: The number of deaths from the severe tropical BUALOI storm increased to 11 in the Philippines on Saturday, as the cyclone brought down to Vietnam, authorities said. BUALOI abused the small islands in the center of the Philippines on Friday, overturning the trees and pillars of power, breaking the roofs from the houses, releasing floods and forcing 400,000 people to evacuate. Among the worst blow was the tiny island

September 16, 2025

News Desk

PIA publishes Rs11.5B profit before half -year taxes

A representation of the PIA plane image. – AFP/file The net profit for the current half year is Rs6.8B. It is the first such gain since 2004 since 2004. The PIA privatization key under the IMF’s rescue. Karachi: Pakistani International Airlines (PIA) published a pre -tax profit in the first half of 2025, which a company source said it was the first for the period in about two decades, before the scheduled sale of the National Carrier later this year. PIA, part of the Pia Holding Company, recorded a $ 11.5 billion pre -tax profit between six months to June,

August 24, 2025

News Desk

FBR considers to turn a whistle to expose taxes

A policeman walks beyond the Office Building of the Federal Revenue Council (FBR) in Islamabad, August 29, 2018. – Reuters 5% to 10% reward proposed to the recovered tax amounts. Revival of the tax list under consideration by the Council of Ministers. Focus on digital income disclosures. ISLAMABAD: The Federal Revenue Council (FBR) weighs the repetition of its long -term tax directory and also considers the possibility of attracting private sector whistles to help identify potential tax henons The news reported. According to the proposed plan, Whistle-Blower companies will be rewarded with a share of the amount recovered from tax

July 1, 2025

News Desk

Taxes were avoided removing hundreds of billions with impunity

An employee calculates Pakistani rupees in a bank in Peshawar. – Reuters/file 1026 Taxpayers fail to pay Super Tax Costing Govt Rs167.9bn. 1,084 taxpayers claimed unacceptable business expenses. Hiding income results in RS54.2 billion in non -paid tax. ISLAMABAD: At a time when Pakistan needs desperately to increase its revenue and broaden its tax base, taxpayers continue to remove hundreds of billions of rupees with virtual impunity, while the Federal Revenue Council (FBR) does not. This intense picture comes from the Auditor General of Pakistan’s latest report on the financial year 2024-25, which has documented tax evasion and enforcement that

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