News & Updates

News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Gives Super Tax Relief to High-Net Worth Individuals

The federal government has proposed a reduction of up to 10 percent in super tax rates for individuals with annual taxab...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Best Roshan Digital Account in Pakistan: Why Bank AL Habib Leads the Way

The Roshan Digital Account initiative has opened new doors for overseas Pakistanis to manage their finances and invest i...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Increases Conveyance Allowance for Disabled Employees

The federal government has approved an increase in the monthly conveyance allowance for disabled employees, raising it f...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Imposes Massive Tax on Online Shopping and Cash on Delivery

The government is set to add a new provision to charge tax under section 6A on digitally ordered goods and services as a...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Estimates Over Rs. 17.5 Trillion Expenditure Next Fiscal Year

The federal government has estimated a Rs. 17.5 trillion expenditure next fiscal year. According to budget documents see...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Announces Tax Credit Scheme For Houses Up To 10 Marlas

The federal government has announced a new policy initiative aimed at encouraging the construction of low-cost homes and...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt to Impose 5% Tax on Local and International Tech Companies Generating Revenues in Pakistan

The federal government is introducing the “Digital Presence” Proceeds Levy Act, 2025, which imposes a new tax on foreign...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Increases Advance Tax on Cash Withdrawals for Non-Filers

The federal government has increased the rate of deduction of advance tax on cash withdrawals by non-filers. Previously,...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Likely to Increase Salaries by 6%

The federal government has decided to increase the salaries and pensions in the upcoming budget for the fiscal year 2025...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Keeps Capital Gains Tax, Dividends Unchanged in Budget

The federal government has kept the Capital Gains Tax (CGT) and dividends unchanged in the budget 2025-26. There were so...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Announces Special Relief Allowance for Armed Forces

The government has approved a special relief allowance for officers and soldiers (JCOs) of the armed forces in recogniti...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Concealing Income Will Now Result in Heavy Fines, Jail

Under proposed changes in the Income Tax Ordinance, for people concealing income or furnished inaccurate particulars tha...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Good News for Property Owners as Govt Announces Advance Tax Exemption

The federal government is set to give taxpayers who have held a property for personal use for at least 20 years a major...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Approves 18% Sales Tax on Solar Panel Imports

The federal government has approved the new 18 percent sales tax on solar panel imports in the federal budget 2025-26, F...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Cigarettes to Get More Expensive After New Tax Bomb

The federal government is imposing a 6 percent withholding tax on cigarette distributors in the 2025-26 budget, senior s...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Decides to Abolish FED on Buying, Transfer of Property in Budget

The federal government has abolished the Federal Excise Duty (FED) on the purchase or transfer of property, effective Ju...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

PM Shehbaz Directs to Increase Salaries [Updated]

Prime Minister Shehbaz Sharif has greenlit a 10% increase in salaries of government employees. Initially, the government...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Ends Tax Exemption For FATA and PATA

The federal government has ended the tax exemption for FATA and PATA in the 2025-26 budget. Federal Finance Minister Muh...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Movie Ticket Prices to Become More Expensive After Budget

The federal government has decided to end the income tax exemption granted to cinemas, reversing a relief measure that w...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Govt Approves 7% Increase in Pension of Govt Officers

The federal cabinet has approved an increase in pensions by 7 percent in the budget for the fiscal year 2025-26. In addi...

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News Update

10

Jun 2025

Jun 10, 2025 • 5 min read

Frozen Food, Cold Drinks, Noodles, Ice Cream and Biscuits to Become Expensive in Budget

The upcoming federal budget for the 2025-26 fiscal year is set to include proposals for new excise duties on several foo...

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