47 h. ago Textile giant Bilal fibres shifts gears toward EVs, health tech & IT

As operations remain suspended, Pakistan-based textile firm Bilal Fibres Limited is making a bold pivot toward IT, health tech, and electric vehicle (EV) sectors. The company shared the development in a formal notice to the Pakistan Stock Exchange (PSX) on Friday. In the statement, Bilal Fibres confirmed that during the quarter ending June 30, 2025, […]

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3 d. ago PM Shehbaz celebrates historic 42% tax revenue growth, pushes for digital reforms

ISLAMABAD – Prime Minister Shehbaz Sharif on Wednesday lauded the Ministry of Finance and the Federal Board of Revenue (FBR) for achieving a record 42% rise in federal tax revenue during FY 2024–25 — the highest in a decade. While chairing a high-level meeting to review FBR’s digitization and reform progress, the prime minister was […]

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4 d. ago Google faces possible €525 million fine in France over gmail ad tracking

Google may soon be hit with a massive €525 million fine in France after regulators accused the tech giant of breaching privacy laws through Gmail’s ad practices. If finalized, this would mark the largest fine ever issued by France’s data protection authority. The Commission nationale de l’informatique et des libertés (CNIL) is investigating claims that […]

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6 d. ago Canada cancels digital tax on US tech giants to save trade talks

OTTAWA – In a last-minute move, Canada scrapped its planned digital services tax targeting American tech companies just hours before it was set to take effect. The decision aims to ease tensions with the United States and revive stalled trade negotiations between the two countries. The 3% tax would have applied to digital revenues earned […]

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1 week ago Sony Faces $505 Million Lawsuit Over High Digital Game Prices in Netherlands

Sony is under legal fire in the Netherlands as a class action lawsuit accuses the tech giant of unfair pricing on its digital PlayStation games. The lawsuit, led by the “Fair PlayStation” campaign, claims Sony has been charging Dutch consumers up to 47% more for digital games compared to physical copies — a difference critics […]

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2 w. ago Govt reduces solar GST to 10%, keeps digital tax with provinces: Dar

In a major budget announcement, Deputy Prime Minister and Foreign Minister Ishaq Dar said the government has revised key tax decisions after consulting coalition partners. Speaking in the National Assembly, he confirmed that the digital sales tax on services will remain under provincial control, as per the Constitution. This decision follows broad consultations, including talks […]

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3 w. ago Federal govt strengthens fight against tax fraud with harsh penalties

The federal government has decided to take strong actions to stop sales tax evasion in Pakistan. They want to increase tax registration and reduce the sales tax gap across the country. New rules were introduced in the Finance Bill 2024-25 to improve compliance and promote digital transactions. Under these new rules, tax officials can ask […]

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3 w. ago Pakistan to impose 5% levy on Netflix, other digital vendors in Budget 2025

ISLAMABAD –  Pakistan is set to bring foreign and local digital vendors into the tax net under the “Digital Presence”

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3 w. ago Freelancers warn govt: Tax plan threatens $1B+ in foreign earnings

Pakistan’s freelancers and digital content creators are strongly opposing proposed tax measures in the upcoming federal budget. They believe such policies will hurt the fast-growing digital economy. Experts argue the focus should be on boosting foreign exchange earnings, not taxing struggling freelancers. They are urging the government to support digital workers who bring in millions […]

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