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FINANCE
Senate Finally Passes Controversial State Bank Amendment Bill

Senate Finally Passes Controversial State Bank Amendment Bill

The Senate has officially passed the State Bank of Pakistan Amendment Bill in a session in Islamabad today. The session was presided over by Senate Chairman Sadiq Sanjrani and the bill was presented by the…

UPDATES
FBR launching National Single Sales Tax Return Tomorrow

FBR launching National Single Sales Tax Return Tomorrow

Building further on its ongoing drive for digitization to facilitate the taxpayers, promote ease of doing business and reduce compliance costs, FBR achieved one more milestone by developing National Sales Tax Return. This important project…

UPDATES
Officials reveals logic on Mini Budget

Officials reveals logic on Mini Budget

Federal Minister for Finance and Revenue, Shaukat Tarin, has ruled out the speculations, being expressed by many, that the supplementary finance bill will cause an increase in inflation. Addressing a press conference, jointly with Minister…

BUDGET
What is new in Govt announced supplementary finance bill 2021?

What is new in Govt announced supplementary finance bill 2021?

Federal Minister for Finance Shaukat Tarin on Thursday presented the much-awaited supplementary finance bill 2021 — termed by the Opposition as a “mini-budget” — in the National Assembly, as a pre-requisite to resume the $6…

BUDGET
All set to introduce Finance Bill and State Bank autonomy bill in Parliament tomorrow

All set to introduce Finance Bill and State Bank autonomy bill in Parliament tomorrow

The government is all set to introduce the amended Finance bill, and State Bank of Pakistan (SBP) autonomy bills in Parliament for approval tomorrow (Tuesday) despite resistance by opposition. Both the bills are being introduced…

BUDGET
Govt to impose 17% GST on 140 goods in the mini budget

Govt to impose 17% GST on 140 goods in the mini budget

The government of Pakistan completed the mini-budget to the tune of Rs 360 billion that would smack 17% General Sales Tax (GST) on around 140 vital expendable and manufacturing goods, as well as growing the…

UPDATES
Tarin hints at upcoming mini budget under an agreement with IMF

Tarin hints at upcoming mini budget under an agreement with IMF

Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Friday said that the government is bringing a ‘mini budget’ next week under an agreement with the International Monetary Fund (IMF). Shaukat Tarin…

UPDATES
Cabinet to abolish Rs350b tax exemptions

Cabinet to abolish Rs350b tax exemptions

ISLAMABAD: The federal cabinet will approve the Tax Laws (Fourth Amendment) Bill to abolish Rs350 billion tax exemptions and restore the standard 17 per cent rate of general sales tax (GST) under the terms agreed…

BUDGET
No new taxes But exemptions will be withdrawn in mini budget, Tarin says

No new taxes But exemptions will be withdrawn in mini budget, Tarin says

Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Friday said the government will not impose any new taxes in the upcoming ‘mini budget‘, but it will withdraw some tax exemptions given…

MARKETS
State Bank held responsible to Banks over exchange rate destabilization

State Bank held responsible to Banks over exchange rate destabilization

The State Bank of Pakistan expressed serious concerns on Thursday over speculation by banks in the currency business, saying they were involved in the multibillion-rupee game. Banking sources said a high-level meeting, chaired by SBP…