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Articles for tag: business, FBR, Inflation, Latest, Rapt, Rupea, Taxes

June 22, 2025

News Desk

Inflation, Rupea Rapt Taxes FBR

Listen to the article Karachi: Due to the mass increases in the nominal collections, the sharp depreciation of the coins and the greater dependence on indirect taxes, the Federal Revenue Council (FBB) has achieved an annual increase in revenue from an average of 18% over the last decade to 24% in the last five years. The FBR has demonstrated a remarkable acceleration of increasing tax collection over the last five years, surpassing the average rate observed in the previous decade. FBR, the Ministry of Finance (MOF) and the Arif Habib Limited (AHL) survey reveal that the annual increase in revenue

June 21, 2025

News Desk

Pakistan is aiming for UN growth, using new car taxes to finance subsidies

An electric vehicle is connected to a charging station in Bilbao, Spain, February 15th 2023. – Reuters The tax on sales to be implemented “just approved” by parliament. Langrial says the FBR to identify non -registered businesses. The power address says that RS1.275TR is borrowed from banks. Islamabad: As part of its global climate commitments, Pakistan intends to increase the construction of electric vehicles (EVS) to 2.2 million units in the next five years, mainly electric motorcycles. However, the government is using new contributions for conventional car buyers to pay for these ambitious motives, which fell to lawmakers outside the

June 16, 2025

News Desk

Punjab reveals the budget without RS5.335BN taxes for 2025-26

Finance Minister Punjab Mujtaba Shuja ur rehman on Monday presented a budget of RS5,335 billions for the financial year 2025-26 at the provincial assembly, which calls him a “friendly” plan that was aligned with the development vision of Maryam Nawaz Sharaif. The District Council, led by chief Minister Punjab Maryam Nawaz Sharif, approved the budget before the meeting. CM Maryam addressed the 27th meeting of the District Council, announcing the zero tax budget for the financial year 2025-26. The chief minister said the budget reflects “every rupee as public confidence” and is guided by “accountability before God”. In its address,

May 28, 2025

News Desk

Govt plans taxes increases, budget subsidy cuts

Listen to the article The government is ready to present a hard federal budget for the financial year 2025-26, with sweeping reforms that may cause a new wave of inflation, as the government seems to meet the rigorous requirements set by the International Monetary Fund (IMF). According to Express News, virtual talks between the Pakistani financial team and IMF officials are continuing, focusing on increasing tax revenue and reducing the country’s fiscal deficit. The measures discussed include increasing the tax on sales on luxury products above the current 25 % threshold and the extension of the taxable list. “The government

April 29, 2025

News Desk

Wage class pays 56% on taxes

Listen to the article Islamabad: The racing lessee has paid a record of $ 391 billion in income tax during nine months of this year, a very discreet taxation, where 10% of the total income tax collected by Pakistan is now paid by employees. Compared to the RS10 that the wage class was paid in taxes during July-March by every RS100, merchants with blue eyes simply contributed 60 paisa. Income tax payments during the nine -month period of this year were 391 billion Rs, $ 23 billion more than the total income tax paid during the 12 -month period of

April 28, 2025

News Desk

In the midst of falling transactions, collection of taxes from real estate agreements increases

An employee counts Pakistani rupees in a bank in Peshawar, Pakistan August 22 2023. – Reuters FBR predicts to increase the amount of tax on both the sale, in the real estate market by 50%. The real estate sector pays RS169 billions in the shape of the first nine months of FY24-25. The amount of tax is increased by almost 24% during the first nine months of FY24-25. ISLAMABAD: During the first nine months (July-Miros) of the current year, the Federal Revenue Council (FBR) has collected RS169 billions due to tax withholding (WHT) for both the sale and the purchase

April 25, 2025

News Desk

Government omitted taxes in spite of hitting Rs1.56TRT

Listen to the article Islamabad: The government said it is not planning to impose new taxes or contributions to recover a huge RS1.56 trillion RS1.56 trillion revenue deficit, which will result from the revision of tariff agreements with state production companies (Gencos). During the public hearing on Thursday, it was informed that there would be a 1.5 trillion RS savings for consumers due to reviews for government Gencos invoices, which means that the government should deal with this blow in its income. “However, the government has no plan to impose another tax or contribution to recover this amount from the

April 22, 2025

News Desk

All taxes and invoices you pay for cell services

Listen to the article The Pakistani Telecommunications Authority (PTA) has published a comprehensive distribution of today’s mobile telephony invoices in the country, including charges for voice calls, data and SMS. The revelation comes amid increasing public concern about high costs and taxes. According to PTA, the basic “Pay As You Go” (PAYG) tariffs – are applied when users are not registered in packages – Range between RS3.2 and RS3.6 per minute for voice calls. The use of data is charged to RS3.3 to RS5 per megabyte, while the cost of SMS between RS2.15 and RS2.5 per message. However, mobile users

April 20, 2025

News Desk

Taxes for super rich and technological giants drip under Trump

President Donald Trump introduces sweeping global invoices in the White House on April 2 2025. – AFP World tax plans aimed at billionaires and multinational companies are being executed, with United States reforms being transferred under President Donald Trump. The billionaire real estate tycoon has pulled the United States from an international agreement to tax multinational and endangered invoices in countries aimed at US technological giants. Here’s a look at the status of the game: Big technology taxes The countries blamed Amazon, Microsoft, the owner of Google Alphabet and the parent company of Facebook Meta to violate local taxes. Trump

April 15, 2025

News Desk

Silicon Six technology companies are accused of avoiding $ 278 billion in US taxes for decade

Amazon, Meta, Alphabet, Netflix, Apple and Microsoft – collectively called “Silicon Six” – are accused of avoiding almost $ 278 billion (£ 211 billion) in the US Corporate Income Tax in the last decade, according to a new Fair Tax Foundation (FTF). The six technology giants reportedly paid an average income tax rate of 18.8% in the last 10 years, significantly lower than the legal interest rate of 29.7% for US companies earning equivalent profits. According to FTF, these companies earned the $ 11TN and $ 2.5TN revenue during the period under consideration. The FTF report, first published by The

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