The Pakistani government has introduced new taxes aimed at reforming various sectors, including a new 18% sales tax on Samsung and other mobile phones. Samsung and other leading Android phones have gained popularity in Pakistan for various compelling reasons. These companies offer a wide range of products, catering to both budget-conscious consumers and those seeking … Read more
In Pakistan, inverter ACs are popular for their efficiency and cost savings. Inverter ACs are more energy-efficient than traditional units. Larger rooms with high heat may benefit from a 1.5-ton AC. In Pakistan, inverter ACs are widely favored, particularly in hot summers, for their efficiency, cost savings, and reliable cooling capabilities in extreme heat. AC … Read more
Due to the federal government’s considerations, Islamabad may see a substantial increase in withholding taxes on new car purchases. These potential changes won’t just involve a flat increase but could introduce a percentage-based hike, particularly affecting cars with engine capacities ranging from under 850 cc to 2000 cc. The proposed tax adjustments are part of … Read more
Lahore: Following the approval of the Federal Budget, a series of tax measures on imports is expected to lead to increased prices across all motor vehicles in Pakistan. This includes significant implications for Honda bikes such as the Honda CD 70, Honda CG 125, Honda CD 70 Dream, and Pridor. The federal government’s decision to … Read more
The Federal Budget 2024-25 proposes higher import taxes. Honda bikes could see price hikes due to these tax changes. The government aims to boost local manufacturing by raising import duties. Islamabad – The Federal Budget 2024–25 has proposed significant tax increases on imports, which could result in higher prices for all motor vehicles. This includes … Read more
Punjab Assembly has implemented new property tax rates to boost revenue. Residential properties valued up to Rs. 50 lakh are now tax-free. Commercial properties worth Rs 5 to 10 million face a tax rate of 0.07%. After approving the Finance Bill 2024–25, the Punjab Assembly has implemented new property tax rates as part of several … Read more
The government is considering a significant increase in withholding tax for new car purchases, which may not just be a fixed amount but a percentage-based raise impacting cars from under 850 cc to 2000 cc engine capacities. The locally manufactured KIA Sportage stands out in its category with its sophisticated design, luxurious interior, and advanced … Read more
The Honda CG 125 is a highly popular motorcycle model in Pakistan, celebrated for its durability, reliability, and fuel efficiency. Widely used for commuting, riders appreciate its strong performance. This 125cc motorcycle is one of Honda’s top-selling models, known for its vibrant look and efficiency, even with new two-wheelers entering the market from competitors. The … Read more
Islamabad: The government’s Budget 2024–25 suggests a significant increase in withholding tax for buying new cars, affecting various engine capacities from under 850 cc to 3000 cc and higher with percentage-based adjustments, not just flat increases. New tax rates, varying from 0.5% to 12% based on engine size, apply to vehicle values. The Suzuki Cultus, … Read more
Suzuki Cultus price in Pakistan is set to change due to the new car taxation policy. Tax rates for vehicles now range from 0.5% to 12%, based on engine size. Government to gain more revenue with updated tax rates. The price of Suzuki Cultus in Pakistan is expected to change following the new car taxation … Read more
The PML-N-led coalition government has increased the federal excise duty on cement and other commodities in the 2024-25 Budget, adding a burden to those planning construction projects. As part of this aggressive taxation, the excise duty on cement has been raised from Rs1 to Rs3 per kilogram. Following this announcement, cement prices have already risen … Read more
Suzuki Alto Price in Pakistan after Budget: The federal government has implemented a new car taxation policy in the 2024–25 budget, taxing cars based on engine size to simplify the tax system and boost revenue. The new taxes range from 0.5% to 12% of the vehicle’s value, depending on engine size. The Suzuki Alto, the … Read more
Sindh government plans to increase salaries by up to 25% in the 2024-25 budget. Chief Minister Murad Ali Shah will present the budget on June 14. Pension for retired government employees will increase by 15%. KARACHI – In a move aimed at providing financial relief to government employees, the Sindh government is expected to increase … Read more
Despite its discontinuation five years ago, Suzuki Mehran, Pakistan’s beloved hatchback, continues to be a common sight on roads. Renowned for its affordability and low maintenance costs, it remains a popular choice among citizens seeking a budget-friendly vehicle. The locally assembled car’s journey came to an end in 2019 when Pak Suzuki announced the discontinuation … Read more
The government has planned a series of retaliatory actions in the annual budget for FY2024-25 to punish individuals and businesses who do not file income tax returns, with the option of being lined from distant travel. The minister projected the burden of a 75 percent tax on mobile balance refresh by non-filers, a move that … Read more
Federal government proposes tax relaxations for solar panels. Tax relaxations are also proposed for importing feed and seed for fish and lobster farming. Ambitious tax revenue target set at Rs. 13 trillion for the fiscal year. During his budget speech in the National Assembly, Finance Minister Muhammad Aurangzeb unveiled significant tax relaxations proposed by the … Read more
The government considers raising the withholding tax on new car purchases. A proposed tax hike could significantly increase prices, impacting even budget-friendly models. The auto industry is already struggling with slow sales due to inflation. The government is contemplating a substantial rise in withholding tax on new car purchases, with proposed changes not limited to … Read more
The PML-N-led alliance government has introduced a proposal to raise mobile phone call rates for non-filers in Pakistan as part of its federal budget, presented by Finance Minister Muhammad Aurangzeb in Parliament. The aim is to expand the tax base through stringent policies. Under the proposal, a 75% tax would be imposed on call rates … Read more
All imported smartphones, including Apple iPhones, are set to become more expensive following Budget 2024–25. The PML-N-led alliance government has introduced new taxation policies aimed at boosting local manufacturing and reducing the trade deficit. According to the Finance Bill 2024, the sales tax on imported smartphones and IMEI registration has been increased to 25% ad … Read more
The PML-N government announces tax relief on solar imports in Budget 2024–25. The aim is to lower the costs of solar panels and equipment for households and businesses. Tax incentives cover complete solar panels and related machinery production. In a significant move towards promoting green energy, the PML-N-led government has announced tax relief on solar … Read more
The government plans to double the sales tax on computers and laptops to generate approximately Rs3 billion in additional revenue, an effort to enhance state earnings amid economic challenges. This decision to increase sales tax on these items is part of the government’s strategy to boost revenue. The hike is expected to raise the prices … Read more
Budget 2024-25: The government plans to increase the sales tax on computers and laptops by twice the current amount to raise about Rs3 billion more in revenue, aiming to boost state earnings during economic difficulties.. The government’s plan to raise sales tax on these items is to increase income. This could make computers and laptops … Read more
The forthcoming budget may introduce a sales tax on solar panels, sparking widespread concern among the public. This move aligns with recent tax hikes on petroleum products as the government endeavors to fulfill the stringent conditions stipulated by the International Monetary Fund (IMF). Charged with the formidable task of generating an additional 2 trillion rupees … Read more
As the federal budget for the fiscal year 2024–25 approaches, public interest is keenly focused on potential tax adjustments, particularly those affecting mobile phones. Sources within the finance ministry suggest a planned increase in taxes on imported mobile phones is expected to raise the prices of these devices. The Federal Board of Revenue (FBR) is … Read more
The federal government will present the Budget 2024–25 today, June 12, with a total outlay of Rs 18,000 billion. There is significant anticipation that federal employees will see a substantial increase in their salaries. Finance Minister Muhammad Aurangzeb will table the budget, which primarily aims at securing a bailout package of $6 to $8 billion … Read more
Prices of ghee and cooking oil have decreased in Pakistan. Consumers affected by past inflation spikes find relief with the recent price decrease. Uncertainty looms as the upcoming federal budget may reverse price cuts. The prices of essential kitchen items like ghee and cooking oil have decreased in Pakistan, providing relief to consumers due to … Read more
Ghee and cooking oil are popular food items in Lahore and across Pakistan. Both ghee and cooking oil experienced a significant price decrease. Expectations suggest that prices of cooking oil and ghee will rise after budget 2024-25. In Lahore, ghee and cooking oil are highly consumed food items in Pakistan, and their prices have decreased … Read more
Sindh Local Government Minister Saeed Ghani announced ‘big relief’ for the government employees gaining of the provincial budget 2024-25. Leading a meeting, Saeed Ghani said that the upcoming Sindh budget for the new fiscal year 2024–25 will have special fiscal requirements to confirm timely disbursal of salaries and pensions to the serving and retired employees … Read more
