The International Monetary Fund (IMF) has insisted that Pakistan implement taxes on the retail, real estate, and agriculture sectors. This demand surfaced during the ongoing technical-level discussions between Pakistan's economic team and a visiting IMF delegation. As negotiations progressed, ...

Islamabad: The Federal Board of Revenue (FBR) officials expressed reservations about ending the income tax exemption on a monthly income of 50,000 rupees, stating that the tax exemption will continue. According to details, negotiations with the International Monetary Fund (IMF) are underway at ...

The federal government has initiated discussions regarding the potential challenge to the Supreme Court's ruling that nullified the trial of civilians in military courts, according to sources with knowledge of the matter on Wednesday. It is reported that the government intends to challenge this ...

Days after a reduction in fuel prices, there are reports indicating that the petroleum division is planning to present a proposal for a substantial 172% increase in natural gas rates for domestic consumers. This proposal is scheduled to be discussed during the meeting of the Economic ...

Caretaker Minister for IT Umar Saif has taken a significant step in enhancing cybersecurity in Pakistan. He recently revealed the creation of the nation's inaugural National Computer Emergency Response Team (CERT). The primary objective of this initiative is to fortify Pakistan's cybersecurity ...

Approval has been given for projects costing more than 3 billion dollars in the Federal Steering Committee meeting for the rehabilitation of areas affected by floods. According to reports, an emergency relief project related to water scarcity has been approved in Sindh, with an estimated ...

Islamabad: The government has increased electricity grades and electricity rates for consumers. Following the approval of the federal government, the National Electric Power Regulatory Authority (NEPRA) has issued a notification regarding fuel adjustment, granting approval for an increase of Rs. ...

The federal government increased the interest rates on loans and advances for developmental purposes.The Ministry of Finance issued a notification for an increase in the mark-up rate for 2023, raising it from 11.20% to 15.58%. According to the announcement, the interest rate will also apply ...

The federal government has announced an immediate review of taxes on movable assets, along with rates for retail, agriculture, and real estate taxes, as part of the economic recovery plan. The Ministry of Finance has included income growth measures in important initiatives for economic recovery, ...

In Islamabad, the Caretaker Federal Minister for Information Technology and Telecommunications, Dr. Umar Saif, has unveiled an ambitious plan aimed at supporting freelancers within the country. According to Dr. Saif, the government is gearing up to introduce interest-free loans ...