Tag: tax
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Rubina Ashraf is better at saving money than we are
Rubina Ashraf is not just one of the most talented actresses to have ever graced Pakistani silver screens but also one of the smartest.The veteran star has revealed her financial acumen in a recent interview and all we can say is, she is so much better at saving than we are. ‘Hasna Mana Hai’ host…
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Shazia Manzoor shares unique tip to reduce electricity bills
In a move that’s leaving Pakistani citizens frustrated due to rising electricity rates, renowned singer Shazia Manzoor has revealed that her electricity bill has come out reasonable.Not only the general public but also prominent figures from the showbiz industry are protesting against the exorbitant electricity bills. Recently, veteran Rashid Mehmood received an electricity bill of…
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Tax dou, phir baahir jao: no vacation abroad if you don’t pay your taxes
Pakistan’s budget for 2024-25 was presented on Wednesday by Finance Minister Muhammad Aurangzeb. With a heavy bailout IMF bailout package weighing on the government, increased taxes have been imposed. The Federal Board of Revenue (FBR) has asserted strict actions against non-filers including disallowing foreign travel, No vacation abroad if you don’t pay your taxes. While…
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Lights, camera, action: Minister promises tax relief to stimulate entertainment sector
In a move set to ignite the entertainment industry, Punjab Finance Minister Mian Mujtaba Shujaur Rehman has pledged tax concessions to help filmmakers and cinema owners, during a meeting with a star-studded delegation of film producers and the Cinema Association, led by singer Waris Baig. The delegation included:• Zulfiqar Ahmed, Chairman of the Pakistan Film…
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Dubai Loaded: names of politicians, army officials with property, money in Dubai leaked
Thousands of Pakistani citizens including more than a dozen retired military officials and their families own properties in upscale Dubai areas, according to data revealed by the Organised Crime and Corruption Reporting Project (OCCRP) Dubai Unlocked project. The leaked data provides a detailed overview of hundreds of thousands of properties in Dubai and information about…
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Tax chor tyar hojaen; FBR, telecos agree to start blocking SIMs
The Federal Board of Revenue (FBR) and telecom operators have agreed on blocking SIMs of tax non-filers as part of the government’s strategy to punish tax evasion, The News reported on Saturday. In a statement, the FBR announced that telecom companies have agreed to start the manual blocking process of SIMs in small batches until…
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Punjab main koora tax?
Express News has reported that the Punjab government has decided to hire local private companies instead of municipal services for waste management of 37 districts in the province. The government also intends to put a waste management tax on the public but it is unclear that what kind of tax it’ll be. The government plans…
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IMF wants Pakistan to increase petrol prices
The International Monetary Fund (IMF) conveyed to the Pakistani authorities that while the Petroleum Development Levy (PDL) has considerably increased in recent years, the taxation of petroleum products has declined since 2019. “The relatively low rate of taxation of petrol is also reflected in the sale price relative to other countries.” The IMF emphasized that…
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World Bank proposes tax reforms with 3% GDP growth projection for Pakistan
The World Bank has advised Pakistan to implement taxes on the agricultural and real estate sectors and merge the income thresholds for salaried and non-salaried individuals to create a progressive Personal Income Tax (PIT) system.
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New tax to be imposed on citizens soon
The local government has unveiled a new tax that has drawn mixed reactions from citizens. This latest tax, to be imposed in lieu of garbage collection, will be collected from households, shops, petrol pumps, and industrial units on a monthly basis. Starting from October, Multan and its neighboring areas will see this sanitation tax in…