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Govt Unlikely to Impose Tax on Companies’ Reserves

The government is not ready to pass the biggest revenue generation measure of over Rs. 8 billion of Reforms and Resource Mobilization Commission (RRMC) to impose a tax on the companies’ reserves from the next fiscal year (2023-24).The RRMC has propose…

CDA Fails to Relocate Chagai Nuclear Test Model in 6 Years

The Capital Development Authority (CDA) has failed to relocate Chagai Model despite passing six and half years.According to the details, the Chagai model built near Faizabad was removed by CDA for the purpose of shifting it to F-9 Park.But this model …

Price of Gold in Pakistan Posts Slight Increase in Outgoing Week

The price of gold remained largely stable in the outgoing week and registered an increase of Rs. 900 per tola.According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) went up by Rs. 4…

Study Calls for Further Hike in Taxes on Tobacco Products

The prevalence of tobacco use in Pakistan has reached alarming levels, with approximately 31 million adults, or about 19.7 percent of the adult population, currently consuming tobacco products.In a recent study titled “Raising Tobacco Tax Rates to Pro…

India’s Forex Reserves Decline To 593.48 Billion USD This Month

India’s foreign exchange reserves, declined by 6.05 billion U.S. dollars during the week, ended May 19, to 593.48 billion U.S. dollars, showed the latest data released by the Reserve Bank of India.This situation came, after three consecutive weeks see…

Soft Drink Industry Faces Massive Sales Drop Due to Tax Hike

Sales volume in the soft drink industry has experienced a substantial drop of up to 40 percent. This decline has been linked to the government’s decision to raise the Federal Excise Duty (FED) from 13 to 20 percent in a mini-budget implemented in Febr…

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