LHC Recommends Court Fee Waiver for Small-Scale Taxpayers
The Lahore High Court (Rawalpindi Bench) has strongly recommended the waiver of the prescribed court fee for small taxpayers, as the current income tax scheme exempts the Federal Board of Revenue (FBR) from paying court fees, while an ordinary taxpayer is required to
FBR Requires Taxpayers to Declare Actual Property Values in 2025 Returns
The Federal Board of Revenue (FBR) has made it mandatory for income tax return filers for the tax year 2025 to declare the fair market value of immovable properties during purchase, sale, or if already owned, starting July 1, 2025. As per a
Proposal Submitted to President for 50% Salary Hike and 100% Pension Increase
Proposals for a 50% increase in government salaries and a 100% increase in pensions have been submitted to President Asif Ali Zardari ahead of Pakistan’s federal budget for the 2025-26 fiscal year. According to reports, the federal budget will be presented on June
Temu’s Price War Is a Trojan Horse Hurting Pakistan’s Economy
Temu’s aggressive digital advertising in Pakistan is shaping the perception that it’s a game-changer for affordable online shopping in a market as price-sensitive as ours. The global platform, owned by e-commerce giant PDD Holdings, offers steep discounts on a wide variety of goods,
SECP Releases Customized Checklists for NBFCs to Enhance Regulatory Compliance and Efficiency
In a move to facilitate stakeholders and enhance regulatory clarity and operational convenience, the Securities and Exchange Commission of Pakistan (SECP) has issued tailored checklists for each type of business conducted by Non-Banking Finance Companies (NBFCs). This initiative underscores SECP’s ongoing commitment to
