9 d. ago UK warns Israel of further action if Gaza ceasefire talks fail

The United Kingdom has warned Israel of possible further action if it backs out of Gaza ceasefire talks. British Foreign Secretary David Lammy made the statement during a parliamentary committee meeting on foreign affairs. He said recent remarks by Israeli Defence Minister Yoav Gallant, suggesting the relocation of Gaza’s population to the south, could derail […]

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2 w. ago New fiscal year brings heavy taxes, online business rules, and fuel levy hike

As the new fiscal year begins on July 1, Pakistan has officially enforced the 2025-26 budget after receiving presidential approval from Asif Ali Zardari. The budget introduces strict tax measures and financial changes that are expected to affect individuals and businesses across the country. The government has imposed Rs 389 billion in enforcement actions and […]

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2 w. ago Kashmir Committee Chairman elevated to federal minister rank

Rana Muhammad Qasim Noon, Chairman of the Special Parliamentary Committee on Kashmir and Member of the National Assembly, has been accorded the status of Federal Minister. A formal notification to this effect has been issued by the Cabinet Secretariat and received by the National Assembly Secretariat. According to the notification, Rana Muhammad Qasim Noon, in […]

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3 w. ago All opposition amendments rejected; Bilawal says PPP supported budget after all demands accepted

Budget sails through NA with sweeping tax reforms   The National Assembly on Thursday approved the Rs17.57 trillion federal budget

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3 w. ago PPP resists ‘draconian powers’ for tax authorities amid budget approval tensions

ISLAMABAD: The Pakistan Peoples Party (PPP) has refused to support the government’s proposal to grant the Federal Board of Revenue (FBR) arrest powers in tax fraud cases, a move which has intensified negotiations between the ruling coalition partners ahead of the budget’s approval by the National Assembly. Deputy Prime Minister Ishaq Dar reached out to […]

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3 w. ago Pakistan approves Rs17.57 trillion federal budget for 2025–26 with key tax reforms

The National Assembly of Pakistan has officially approved the Rs17,573 billion federal budget for the fiscal year 2025–26, passing the Finance Bill with a majority vote. All cut motions from the opposition were rejected during Thursday’s session. Under the approved budget, the Federal Board of Revenue (FBR) has set a tax collection target of Rs14,131 […]

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3 w. ago Germany approves €46 billion corporate tax relief to boost economy

Germany’s parliament passed a €46 billion corporate tax relief package on Thursday to support businesses and encourage investment across the country. This move aims to revive Europe’s largest economy after two years of economic decline. The new government calls the package an “investment booster.” It offers companies generous tax breaks, including depreciation benefits of up […]

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3 w. ago Pakistan cuts Income Tax from 5% to 1% for Salaried Class earning up to Rs12lac a year

ISLAMABAD – Sigh of relief for inflation weary salaried class as Pakistani government slashed income tax rate for individuals earning

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3 w. ago Parliamentary committee approves further tax relief for salaried class

ISLAMABAD – June 21, 2025: The National Assembly’s Standing Committee on Finance has approved a major tax relief proposal for the salaried class, reducing the income tax rate on mid-level earners. In a meeting chaired by MNA Syed Naveed Qamar, the committee reviewed and gave clause-by-clause approval to key income tax amendments included in the […]

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4 w. ago Taxing the luxuries: Senate supports Levy on elite clubs, offers relief to salaried class

ISLAMABAD – In a strong move towards fairer taxation, the Senate Standing Committee on Finance has backed a proposal to tax the profits of Pakistan’s elite private clubs. These high-end recreational centers, such as the Islamabad Club, serve only a few thousand wealthy members while holding billions in assets and bank reserves, the Federal Board […]

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4 w. ago “Clubs are for the elite’s luxury”: Govt approves tax on major clubs, says FBR chief

The Senate Standing Committee on Finance has approved a proposal to impose taxes on elite private clubs. The meeting took place under the chairmanship of Senator Saleem Mandviwalla. FBR Chairman Rashid Mahmood Langrial said that these clubs are built for the luxury of a few thousand people. He stressed that many of them own land […]

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4 w. ago Senate panel approves tax on online educational platforms, academies in Pakistan

ISLAMABAD – The Senate Standing Committee on Finance on Wednesday approved a proposal to impose taxes on online educational institutions

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