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Govt May Increase Tax on Cash Withdrawal From July 2024

The federal government is likely to increase an advance tax on cash withdrawal by non-filers from banks in the next fiscal year budget.

Sources told ProPakistani that this tax proposal has been discussed with the IMF team in recent ongoing negotiati…

Power Tariff Likely to Increase By Rs. 7 Per Unit in July 2024

The federal government has shared with the International Monetary Fund (IMF) that it will increase the average electricity tariff based on annual adjustments from Rs. 5 to Rs. 7 per unit in July.

Despite the proposed increase, the government said it…

FBR Proposes Revising Taxes and Duties on Tea Imports

The upcoming federal budget (2024-25) would issue new rates of duties and taxes on the import of black tea.

The Federal Board of Revenue (FBR) has submitted three proposals before the Finance Minister for approval.

The purpose of the exercise is to…

Gold Price in Pakistan Rebounds After Successive Falls

The price of gold in Pakistan increased on Wednesday after falling on the opening two days of the week.

According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) rose by Rs. 2,900 per tola to Rs. 241,100, while the pr…

Govt to Re-examine Structure of Planning Commission

Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal presided over a high-level meeting to discuss the role and reforms of the Planning Commission and viewed to re-examine the structure of Planning Commission and make necess…

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