Economy

OICCI Calls for Abolishing Super Tax in FY24 Budget

The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the government to remove the super tax from the budget for the next fiscal year (FY24).OICCI presented its key taxation proposals for the upcoming budget to Finance Minister Ish…

Economy

Customs Seizes Smuggled Cigarettes Worth Rs. 33.6 Million

Pakistan Customs has launched a crackdown against smuggled cigarettes throughout the country.According to a statement issued by the Federal Board of Revenue (FBR) on Sunday, godowns and stores at multiple locations in different cities have been raided…

Economy

Govt to announce people welfare-oriented budget for next financial year: Ishaq Dar

Finance Minister Ishaq Dar says the government will announce a pro-investment, people welfare-oriented, and business-friendly budget for the next financial year.Talking to a private news channel on Sunday, he said the government will provide as much r…

Economy

$220mln to be earned by leasing PIA’s Roosevelt Hotel in New York: Saad

Minister for Railways and Aviation Khawaja Saad Rafique says the precious asset of the PIA Roosevelt Hotel, New York has been leased out for three years.Addressing a news conference in Lahore on Sunday, the Minister said the agreement will generate a …

Economy

Govt taking prudent initiatives for ease of doing business: Dar

Minister for Finance and Revenue Ishaq Dar says the government is taking prudent initiatives for ease of doing business and economic growth of the country.Talking to a business delegation in Islamabad, he assured all kind of support and cooperation fr…

Economy

Here Are Some Expected Tax Changes in Budget FY23

The FY 2023-24 federal budget is likely to be presented to Parliament next week.Sources told ProPakistani that the government is planning several new taxes to increase revenue, with the IMF program still nowhere to be found and economic woes worsening…