The Sindh High Court (SHC) has recently issued notices to the Attorney General of Pakistan and other respondents after a petition challenged the 40% tax on sanitary napkins. The case has sparked national attention
Tag: Tax
Auditor General Flags Rs. 2.36 Billion Sales Tax Lapse by Universal Service Fund
The Auditor General of Pakistan has identified a major financial lapse involving the Universal Service Fund (USF) Company, which failed to deduct provincial sales tax worth Rs. 2.36 billion
Tesla posts record Q3 revenue but misses profit targets amid tariffs, tax credit expiry.
Tesla Inc. reported record third-quarter revenue that exceeded Wall Street expectations on Wednesday, driven by a surge in electric vehicle (EV) sales as U.S. buyers […]
EU weighs classifying ethanol in hand sanitisers as a dangerous substance amid cancer risk review.
The European Union is considering classifying ethanol, a key ingredient in hand sanitisers and other biocidal products, as a dangerous substance due to potential links […]
IMF, Pakistan reach staff-level agreement for additional $1.2 billion support package.
The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement under which the global lender will provide an additional $1.2 billion to the […]
Trump’s H-1B visa crackdown spurs U.S. firms to shift critical work to India’s GCCs
U.S. President Donald Trump’s latest crackdown on H-1B visas is expected to accelerate the shift of high-value corporate work to India, boosting the country’s rapidly […]
ECC Clears Path for Commercial Import of Used Vehicles in Pakistan
The Economic Coordination Committee (ECC) has approved a significant policy decision allowing the commercial import of used vehicles in Pakistan. This marks a turning point for the local automobile industry
Pakistan Investment Roadmap: PM Shehbaz Sharif Pushes for Reform and Growth
Prime Minister Shehbaz Sharif has directed the government to develop a Pakistan investment roadmap that focuses on promoting trade, economic reforms, and sectoral growth. Chairing a high-level meeting, the premier emphasized that agriculture, IT, minerals, tourism, and renewable
FBR targets tax evasion in jewellery sector, 57,000 traders under scrutiny.
The Federal Board of Revenue (FBR) has compiled data on over 57,000 jewellers nationwide in a bid to curb widespread tax evasion, sources confirmed on […]