The proposed budget doubles the advance income tax on automotive imports. In addition, the government intends to levy a withholding tax on automobile purchase receipts rather than engine capacity.
Because of US dollar shortages, the government has decided to decrease furnace oil imports for electricity generation, which will result in 3-5 hours of load-shedding during peak summer.
Fuel price growth has been painful in the last year, prompting motorists to consider electric bikes as an option.
Dubai Duty-Free (DDF), led by CEO Salah Tahlek, is increasing its hiring efforts in order to satisfy the growing demand at Dubai International Airport (DXB).
As part of efforts to earn Rs. 2.9 trillion in non-tax income in fiscal year (FY) 2023-24, the government may boost petroleum levy rates on gasoline products to an all-time high of Rs. 60 per litre.
The federal government has set out Rs. 90 billion for legislative projects in the fiscal year 2023-24 (FY24).
The federal government has decided to launch a Rs. 5 billion programme to support tech companies in the country as part of the next fiscal year’s (FY24) Public Sector Development Programme (PSDP).
The primary concern of Gen Z when it comes to work has always been money, and they have often been dissatisfied with their earnings. Recent data indicates that as Gen Z enters and progresses in the workforce, they are particularly motivated by pay, possibly more so than any other generation at present.
In line with the directions of Prime Minister Shehbaz Sharif, the National Database and Registration Authority (Nadra) is all set to open passport counters at its offices in 30 tehsils across the country, according to a notification issued on Sunday.
The Overseas Investors Chamber of Commerce and Industry (OICCI) has requested the government to eliminate the super tax from the FY24 budget.
Pakistan Customs has initiated a nationwide assault on illegal cigarettes.
ISLAMABAD: In the upcoming budget, the Federal Board of Revenue (FBR) has proposed a 5% tax on bonus shares issued by firms and on their undistributed profits. This idea would mostly harm family businesses while benefiting minority owners.
