Bitcoin traded at $ 33,365 in Asia on Monday, hitting a record high of 34,800 on Sunday as investors bet on digital currency to become a mainstream asset.
The latest milestone in the world’s most popular cryptocurrency came on December 16, less than three weeks after it first crossed 20,000, and the bitcoin has risen 800 percent since mid-March. With the supply of bitcoin limited to 21 million, some see it as a hedge to avoid the risk of inflation as governments and the central bank activate stimulus taps in response to COVID-19 epidemics. Some even see it as a safe haven during the CoVID-19 epidemic.
“Some of this reflects fears of a weaker dollar,”
Mohd Seven Sim | Aanalyst at the Bank of Singapore
READ ALSO: State bank never declared cryptocurrency illegal: SHC
“People seem to be preferring the bitcoin over gold, as an expression of concern over the depreciation of the currency.” Bitcoin’s advance also reflects growing expectations that it will become a mainstream payment method. With PayPal opening its network to cryptocurrencies. The prospect of immediate gains has attracted large US investors as well as traders who generally hold on to equities.
“The rally gained even more momentum as insatiable investors continued trading from home”
Executive Director | Hong Kong | BC Group
Institutional investors see the potential for greater risk-adjusted returns than traditional investments, he said.
Bitcoin trades on a number of exchanges, one of which is the largest coin base. It is preparing to become the first major US cryptocurrency exchange to be listed on Wall Street. Multiple competing cryptocurrencies use similar blockchain, or electronic ledger, technology. On Tuesday, Ethereum shot to a record $1,014 on Sunday.
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- Budget 2026-27: Government Proposes Massive Increase in Late Tax Return Filing Penalties
Late Tax Return Filing Penalty Increased in Pakistan Under Budget 2026-27 The Federal Budget 2026–27 has proposed a major increase in the late tax return filing penalties (ATL surcharge) imposed on taxpayers (individuals, AOPs and Companies) who file their income tax returns after the due date. Through an amendment to Section 182A(1)(a) of the Income Tax Ordinance, 2001, the Federal Government has revised the ATL (Active Taxpayers List) surcharge as follows: Taxpayer Category Previous Surcharge Proposed Surcharge Individuals Rs. 1,000 Rs. 25,000 AOPs Rs. 10,000 Rs. 50,000 Companies Rs. 20,000 Rs. 100,000 The proposed amendment is to encourage timely filing of income tax returns and increase tax compliance across the country. The increase is particularly significant for individuals, where the surcharge raised twenty-five times from Rs. 1,000 to Rs. 25,000. Similarly, companies may face a surcharge of Rs. 100,000 for late filing, compared to the previous amount of Rs. 20,000. Now, taxpayers are advised to file their annual income tax returns within the prescribed due dates to avoid heavy penalties and maintain their status on the Active Taxpayers List (ATL) with FBR. How to File Income Tax Return in Pakistan | Benefits of Being an Active Taxpayer | ATL Status Check Online | FBR Iris Registration Guide | Income Tax Return Due Dates in Pakistan | Penalties for Non-Filers in Pakistan | Budget 2026-27 Highlights | Income Tax Rates in Pakistan 2026 - Pakistan Budget 2026-27 to Be Presented Today in National AssemblyPakistan Budget 2026-27 to Be Announced Today Islamabad, June 12, 2026: The Federal Government is scheduled to present the Pakistan Budget 2026-27 in the National Assembly today. Finance Minister Muhammad Aurangzeb will present the federal budget proposals for the upcoming fiscal year 2026-2027. He will unveil it after approval by the Federal Cabinet. The National Assembly session for the budget presentation is expected to begin at 3:00 PM. The budget is expected on the government’s revenue targets, expenditure plans, taxation measures, and key economic priorities for FY 2026-27. Businesses, taxpayers, investors, and salaried individuals all over the Pakistan are keenly watching today’s budget announcement for any changes in taxes, salaries, pensions, and other fiscal measures. Tax.net.pk will provide live updates, budget highlights, and detailed analysis immediately after the budget speech. Tags Federal Budget Pakistan | Income Tax Rates in Pakistan | FBR Tax Updates | Salary Tax Calculator Pakistan | Withholding Tax Rates in Pakistan | Prize Bond Draw Schedule 2026 | Petrol Prices in Pakistan | Pakistan Economic Updates | Tax News Pakistan | Budget 2026-27 Highlights
- Prize Bond Draw Schedule 2026 Pakistan – Complete Draw Dates ListPrize Bond Draw Schedule 2026 In Pakistan, prize bonds is very popular investment among the people. People like to invest in this mode of investment because it’s easy to invest, encash, backed by the Government of Pakistan, and profit is also paid on the premium prize bonds. Knowing prize bonds draw dates in advance is very important because you never miss a draw result, stay updated with official announcements, easy to manage, and timely prize money process, peace of mind. Here schedule for the year starting from January 2026 to December 2026 is given. Such schedule is for denominations of: Prize bond schedule for 2026 is also given here for premium prize bonds of: Prize Bond Draw Schedule 2026 Here prize bond draw schedule for 2026 is given for regular type of prize bonds which is not issued in name of investor. Any body can purchase it and invest easily. Schedule is for prize bonds for denominations of Rs 1500, Rs 750, Rs 200, and Rs 100. Date Rs. 1,500 Rs. 750 Rs. 200 Rs. 100 15 January 2026 (Thursday) – Peshawar – – 16 February 2026 (Monday) Lahore – – Karachi 16 March 2026 (Monday) – – Faisalabad – 15 April 2026 (Wednesday) – Quetta – – 15 May 2026 (Friday) Sialkot – – Hyderabad 15 June 2026 (Monday) – – Karachi – 15 July 2026 (Wednesday) – Lahore – – 17 August 2026 (Monday) Faisalabad – – Multan 15 September 2026 (Tuesday) – – Muzaffarabad – 15 October 2026 (Thursday) – Rawalpindi – – 16 November 2026 (Monday) Hyderabad – – Faisalabad 15 December 2026 (Tuesday) – – Peshawar – Premium Prize Bond Draw Schedule 2026 This premium prize bonds schedule is for denominations of Rs 40,000 and Rs 25,000. Draw of premium prize bonds is held quarterly. This type of prize bond is issued in the name of investor. It has benefits like, it is very secure, no risk of theft, profit on investment, and easy to manage. Draw of Premium prize bonds is held quarterly in the following months: Date Rs. 40,000 Premium Prize Bond Rs. 25,000 Premium Prize Bond 10 March 2026 (Tuesday) Rawalpindi Multan 10 June 2026 (Wednesday) Muzaffarabad Peshawar 10 September 2026 (Thursday) Sialkot Quetta 10 December 2026 (Thursday) Lahore Karachi How to Check Latest Prize Bonds Draw Result Online Prize Bond List Online check through: Call to Action If you need help with NTN registration, income tax return filing, ATL status, or FBR matters? You may please Contact Global Tax Consultants for professional tax advisory and compliance services across Pakistan. 💬 WhatsApp Chat 📞 Call Now
- Premium Prize Bond Draw 10 June 2026 for Rs. 25,000 and Rs. 40,000 BondsPremium Prize Bond Draw for Rs. 25,000 and Rs. 40,000 on 10 June 2026 The next Premium Prize Bond Draw for denominations of Rs. 25,000 and Rs. 40,000 is scheduled to be held on 10 June 2026. Prize bond holders across Pakistan wait for the official draw results announced by the State Bank of Pakistan (SBP) and National Savings Pakistan. Premium Prize Bonds is very popular among public because: they offer regular profit payments and opportunity to win prizes as well. What Are Premium Prize Bonds? Premium Prize Bonds are different from regular prize bonds, these bonds provide: Currently, Premium Prize Bonds are available in denominations of Rs. 25,000 and Rs. 40,000. Next Draw Date and Details Premium Prize Bond Rs. 25,000 Draw Premium Prize Bond Rs. 40,000 Draw The official winning numbers will be announced after the draw is conducted by National Savings Pakistan. How to Check Premium Prize Bond Draw Results Online Prize bond holders can check the draw results through: After the draw, winning lists will be available for online verification. Benefits of Investing in Premium Prize Bonds Premium Prize Bonds offer many benefits: Regular Profit Income Premium bond holders receive profit payments directly into their linked bank accounts. Chance to Win Prizes In addition to profit income, investors can also win prize amount on scheduled draw dates. Government-Backed Investment Premium Prize Bonds are issued by the Government of Pakistan, making them one of the reliable investment options. Easy to Maintain and No Risk of Theft Premium bonds are registered in the investor’s name, ownership records remain secure and no risk of theft. When Will the Result Be Available? The official draw result is announced after the draw will be held on 10 June 2026. Once announced, bond holders can search their bond numbers online and verify whether they have won any prize. Stay Updated If you hold Premium Prize Bonds of Rs. 25,000 or Rs. 40,000, make sure to check back on 10 June 2026 for the latest draw results, winning numbers, and prize details. We will update this page immediately after the official announcement.
- New Taxes on E-commerce Transactions in PakistanNew Taxes on E-commerce Transactions in Pakistan: In the recent budget (Finance Act 2025) Government of Pakistan has taken some significant steps towards the taxation of local ecommerce industry of Pakistan. The new amendments in the Income tax Ordinance 2001 and Sales Tax Act 1990 will affect all those ecommerce businesses operating through online platforms, websites, or courier based Cash on Delivery (COD) Model. Below are the significant highlights of amendments in tax laws of Pakistan which are necessary for your understanding: Enhanced Definition of “Online Market Place” Through Finance Act 2025, section 2(38B) of income Tax Ordinance 2001 amended and definition of “Online Market Place” has been broadened. It now also includes: These will help buying and selling between multiple parties, whether the platform owns the goods/services or not. New Taxes on E-commerce Transactions in Pakistan for Digitally Ordered Goods/Services Through Finance Act 2025, a new section, 6A in the Income Tax Ordinance, introduces a tax on payments received for digitally ordered goods/services through local platforms (including websites). Applies To:This section applies to all persons receiving payments for goods/services delivered from within Pakistan via online platforms. Excludes:It does not include export proceeds received in Pakistan which are already taxed under sections 154 and 154A. Tax Collection by Payment Intermediaries and & Couriers Under amendment in section 153(2A) of Income Tax Ordinance 2001 through Finance Act 2025: This applies to all payments made for digitally ordered goods and services via local platforms, including websites. Rate of Income tax to be deducted from a payment for digitally ordered goods/services Two different tax rates has been introduced for payments to ecommerce sellers against digitally ordered goods, complete description is here: Sales Tax Collection Responsibility As per Sales Tax Act 1990, the responsibility to collect and pay sales tax on digitally ordered goods is explained here: Rates of Sales Tax on Payments against Digitally ordered goods The applicable rates of sales tax to be deducted are given in the Eleventh Schedule of the Sales Tax Act 1990. The sales tax withheld by the payment intermediary or the courier company will be final discharge of tax liability against the digitally ordered goods by the: AS per the eleventh schedule of Sales Tax Act 1990 the rate of sales tax to withhold to withhold by the payment intermediary / Courier Company will be at the rate of 2% of gross value of supplies. Mandatory NTN & Sales Tax Registration To promote documentation and transparency: Unregistered sellers will not be allowed to operate on their platforms.
- FBR Extends Sales Tax & FED Return Filing Deadline for June 2025FBR Extends Sales Tax & FED Return Filing Deadline for June 2025 – The Federal Board of Revenue (FBR) has officially extended the last date for filing sales tax and Federal excise Duty Return for the period of June 2025. FBR Extends Sales Tax & FED Return Filing Deadline for June 2025 New due date to file the sales tax and FED return is now 4th August 2025 which was due on 18.07.2025. This extension has been granted to to facilitate the taxpayers that they must ensure their monthly compliance delaying due to technical issues facing on FBR Iris Portal. FBR issued a notification in this regard on his official website and communicated the new extended deadline for filing sales tax return.
