Temu has issued an official statement amid reports of significant price increases on its platform within Pakistan. Many shoppers have observed that product prices on major online marketplaces—such as Temu, AliExpress, and Daraz—have surged dramatically, with some items now costing three to four times more than before. The recent escalation in prices is primarily attributed … Read more
The National Assembly has approved the federal budget for the upcoming fiscal year 2025-26, passing the Finance Bill 2025 with a majority vote. Finance Minister Muhammad Aurangzeb presented the bill, which received support from the ruling coalition, including the Pakistan Peoples Party (PPP). The bill was passed after a clause-by-clause reading and the adoption of … Read more
Islamabad: The Pakistan People’s Party (PPP) held a crucial parliamentary party meeting under the leadership of Chairman Bilawal Bhutto Zardari. The meeting focused on strategizing support for the upcoming budget and securing key amendments aligned with the party’s priorities. Member of National Assembly Aseefa Bhutto Zardari also participated in the discussions, emphasizing the party’s unified … Read more
Prospective car buyers in Pakistan, beware — With the proposed 2% FED on cars above 1300cc, prices of Toyota’s Yaris and Corolla Altis may rise in the coming weeks. Budget Impact: 2% Extra Duty The Federal Budget 2025–26 has suggested a 2% Federal Excise Duty (FED) on cars ranging from 1300cc to 1800cc, which could … Read more
Budget 2025-26 proposed several taxes on cars over 850cc including Green Tax on locally assembled cars, including Toyota models. This will raise prices of Toyota Corolla Altis by about Rs120,000–150,000. Sharif led government introduced a series of tax and policy reforms targeting Pakistan’s automotive sector in the newly unveiled Budget 2025–26. Corolla Altis Expected Prices … Read more
The federal government of Pakistan has acknowledged the contributions of overseas Pakistanis in the new budget, announcing several initiatives in their favor. These include reserved quotas for their children in federally chartered universities and medical colleges, scholarships for skilled training, and annual awards for the 15 highest remittance senders on August 14 each year. On … Read more
The federal budget for 2025-26 has been presented in the National Assembly under the leadership of Speaker Ayaz Sadiq by Federal Finance Minister Muhammad Aurangzeb. Here are the significant decisions announced: Increased Taxes on Small Cars and Solar Panels Small Cars: The sales tax rate on small cars is being increased from 12.5% to 18%. … Read more
A proposal has been made to increase the defense budget by 20% for the upcoming year, with an allocation of 2,550 billion rupees for defense. A proportional share of this budget will be distributed among the three armed forces and inter-services organizations. For the current fiscal year, 2,122 billion rupees were allocated for defense, which … Read more
The federal cabinet has approved the budget proposals, including a 6% increase in salaries and a 7% increase in pensions. According to sources, the federal cabinet has approved the Finance Bill, and BOL News has received a copy of the budget documents. The federal cabinet approved a 6% salary hike and a 7% pension increase. … Read more
In a positive step for Pakistan’s working people, the federal government is likely to provide major relief to the salaried class in the upcoming budget for the fiscal year 2025-26. This comes at a time when many families are finding it hard to manage due to rising inflation and economic difficulties. According to government sources, … Read more
ISLAMABAD: The Pakistan government will likely present the Rs17.68 trillion budget for 2025–26 on June 10, news reported on Wednesday, citing well-informed sources. According to the details, officials expect a sharp decline in the policy rate to cut spending on loans and interest payments by nearly Rs1,300 billion in the upcoming budget. Sources suggest that … Read more
ISLAMABAD: The government is signaling a potential rise in inflation for the coming fiscal year’s budget (2025-26). It’s predicting the average inflation rate, based on consumer prices, could hit 7.5 percent. That’s quite a jump from the current fiscal year’s forecast of 5 percent. The Planning Ministry has also sounded an alarm. They’re warning that … Read more
The federal government is expected to increase the salaries of the government employees by 10 percent in upcoming Budget 2025-26. Reports said the authorities are holding talks with the International Monetary Fund (IMF) to provide relief to salaried class individuals. The federal government is expected to present the budget for the next fiscal year 2025-26 … Read more
The Traffic Police department in Punjab is the competent authority to issue driving licenses to eligible persons after they pass the tests. It is mandatory for citizens to obtain a driving license from the department before taking the vehicles to roads as heavy fines are imposed on violations. The driving license for motorcycles cars or … Read more
The federal budget for the next fiscal year 2025-26 will now be presented on June 10. This was confirmed by a spokesperson from the Ministry of Finance. The Economic Survey, which gives an overview of the country’s economic performance, will be released a day earlier on June 9. The budget was initially planned for June … Read more
Pakistanis, especially those earning a salary, may soon get some relief as the government plans to reduce income tax rates by 2.5% in the upcoming 2025–26 budget. This change is being considered because salaried workers have been heavily affected by high taxes. The tax cut is part of a larger set of reforms being prepared … Read more
The Federal Board of Revenue (FBR) has called for income tax, sales tax, and federal excise duty proposals for the 2025-26 budget from Inland Revenue field formations as well as business and trade bodies. The aim is to address tax distortions, procedural issues, and anomalies. On Wednesday, the FBR issued instructions to its field formations, … Read more
