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BUDGET
Govt Imposed 17% Sales Tax on Hospital Supplies

Govt Imposed 17% Sales Tax on Hospital Supplies

The government has imposed a 17 percent sales tax on supplies to hospitals, has increased the operational cost of hospitals and medical treatment. Presentation was given by the leading hospitals to the Federal Board of…

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…

Businesses
Pharma Manufacturers demands to Review Tax Levy on Medicines Raw Material

Pharma Manufacturers demands to Review Tax Levy on Medicines Raw Material

The Pakistan Pharmaceutical Manufacturers’ Association (PPMA) has urged the federal government to immediately review its policy to impose a 17 percent General Sales Tax (GST) on raw materials used for medicine production in the country…

MARKETS
Car Prices Increase in Pakistan

Car Prices Increase in Pakistan

The Pakistani car industry has grown exponentially with the arrival of several new car companies. Car Prices Increase in Pakistan in 2022 has become a major issue for car customers. While the competition has increased,…

UPDATES
New Taxes on Cars

New Taxes on Cars

After a lot of wait and speculation, the National Assembly has finally approved the mini-budget, which has created trouble for the car industry. If you remember, the government proposed several Federal Excise Duty (FED) and…

UPDATES
Car Prices after Mini Budget

Car Prices after Mini Budget

The Government has announced massive increase in the taxes on cars with the approval of the Mini-Budget (State Bank of Pakistan (Amendment) Bill 2021 and Supplementary Finance Bill 2021 ). The Government has introduced several…

TAXATION
Govt creates legal complications by taxing export processing zone

Govt creates legal complications by taxing export processing zone

The Finance (Supplementary) Bill 2021 or the mini-budget is about to create a legal dilemma for the federal government as for the first time goods being produced at the Export Processing Zone (EPZ) would also…

BUDGET
NA passes mini-budget as govt withdraw several proposed taxes

NA passes mini-budget as govt withdraw several proposed taxes

NA approves State Bank of Pakistan (Amendment) Bill 2021 and supplementary finance bill with some amendments proposed by govt, PTI allies. In the amended bill, govt rolls back its plan to impose additional sales taxes…

UPDATES
Tax Experts termed Tarin’s claim on mini budget as ‘Joke of the Year’

Tax Experts termed Tarin’s claim on mini budget as ‘Joke of the Year’

Shaukat Tarin’s 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…

TAXATION
List of Items that will face a price hike after approval of supplementary budget 2021

List of Items that will face a price hike after approval of supplementary budget 2021

The federal government presented the supplementary finance bill 2021 before the Parliament for withdrawal of General Sales Tax (GST) exemptions and proposed imposition of 17% tax on nearly 150 items on Thursday. According to the…