9 h. ago Govt’s Rs2.5 per litre carbon tax plan rejected by senate committee

The Senate Standing Committee on Finance has rejected the government’s proposal to impose a Rs2.5 per litre carbon levy on fuel. This proposed levy, part of the federal budget, was expected to generate Rs48 billion to fund green energy projects. However, committee members expressed serious concerns over rising inflation and fuel prices already burdening the […]

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32 h. ago Govt retains lower tax on hybrid cars, raises it for small vehicles

The federal government has withdrawn its plan to raise the sales tax on hybrid cars up to 1800cc. It will keep the current 12.5% rate instead of increasing it to 18%, as originally suggested in the finance bill. Officials say this change could cost the government about Rs7 billion in revenue. This is the second […]

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5 d. ago Govt unveils Rs2.42 trillion circular debt plan, tariff changes await NEPRA nod

The Power Division has shared its plan with the National Assembly to tackle the massive Rs2.42 trillion circular debt in the energy sector. Minister Awais Leghari confirmed the strategy is part of the Circular Debt Management Plan, backed by the Ministry of Energy, Ministry of Finance, and a task force. He added that Rs1.2 trillion […]

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5 d. ago Govt to enforce Rs77 petroleum levy and Rs5 carbon levy from july 1

The federal government will impose a Rs77 per litre petroleum levy and Rs5 per litre carbon levy on petrol, diesel, and furnace oil from July 1, 2025. This decision is part of Pakistan’s agreement with the International Monetary Fund (IMF) under the Resilience and Sustainability Facility (RSF) to promote climate resilience and stabilize the economy. […]

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9 d. 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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9 d. ago Budget 2025–26: Govt to roll out Rs17.6 trillion plan with major tax reforms

ISLAMABAD – The federal government will present a massive Rs17,600 billion budget for the fiscal year 2025–26 in the National Assembly today. The session will begin at 5 PM under the chairmanship of Speaker Ayaz Sadiq. Earlier, Prime Minister Shehbaz Sharif will lead a federal cabinet meeting at 4 PM to approve the budget draft. […]

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2 w. ago Govt hires KPMG to tackle Rs2.8 trillion gas sector circular debt

The government has taken a major step to address the growing circular debt in Pakistan’s gas sector, which has reached Rs2.8 trillion. To find a practical solution, it hired the audit firm KPMG to create a Circular Debt Management Plan (CDMP). This plan aims to be acceptable to the International Monetary Fund (IMF) and help […]

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last month Senate committee rejects bill proposing compulsory drug testing of students

ISLAMABAD: The Senate Standing Committee on Interior on Monday rejected a bill that sought to mandate drug testing for students in educational institutions, despite strong support from its sponsor, Senator Mohsin Aziz. The meeting, chaired by Senator Faisal Saleem, saw Senator Aziz present legislation calling for compulsory drug testing, with penalties including warnings for a […]

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