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Local Smartphone makers to be provided incentives
Finance Minister Ishaq Dar said today that the government would provide incentives to local manufactures of smartphones and IT-related solutions…
Oil found near Jhelum
A major oil reserve has been discovered near Jhelum in Punjab, opening up a new area for exploitation of natural…
Capital gains tax imposed on debt instruments
The government has imposed Capital Gains Tax (CGT) on debt instruments like Pakistan Investment Bonds, Treasury Bills, Foreign Currency Bonds…
Finance bill irks FPCCI
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), which had praised the budget 2014-15 initialy, pointed out some…
Pakistan’s RailCop and Chinese firm sign MoU
The Railway Construction Company, known as RailCop, a subsidiary company of Ministry of Railways signed a memorandum of understanding with…
Cash hungry Govt increases taxes without even passing the budget
The government on Thursday increased the General Sales Tax (GST) without the passing of the federal budget. In this regard,…
Education budget decreased inspite of tall claims to the contrary
Although the government has claimed that it has given importance to education sector and that the education budget has been…
Budget fails to make an impression in stock market
The stock market remained quite unimpressed by the budget as it opened on the first day following its announcement. The…
Additional duties imposed
The government has levied additional duty on luxury goods and revised the rate of duty and tax on import of…