Tag: Pakistan Economy

Pakistan’s government is considering a fresh wave of tax increases, targeting mobile usage, solar panel imports, and bank cash withdrawals. The move is part of a broader effort to meet fiscal targets and expand the tax base, though critics warn it may burden consumers already grappling with inflation.

The Punjab government has collected over Rs 133 billion in just four months through its ePay Punjab platform. The digital system, handling taxes and fees across 18 departments, shows rapid growth in online payments and improved transparency in provincial revenue collection.

Around one-third of Pakistani taxpayers declared zero income this year, triggering a sweeping FBR audit campaign. The crackdown aims to expose tax evasion, expand the revenue base, and restore credibility to Pakistan’s fragile fiscal system.

Gold prices in Pakistan nosedived this week, marking one of the sharpest single-day drops in months. The gold’s 24-karat rate tumbled by nearly Rs 14,000 per tola, reflecting a combination of global weakness and improving local currency conditions. Experts see this as a market correction after months of record-high prices.

Pakistan’s Federal Board of Revenue (FBR) has extended the income tax return filing deadline to October 31, 2025. The move provides relief to taxpayers facing portal glitches and documentation delays, with officials confirming no further extensions.

In a move that could directly impact millions of households and businesses, the Pakistani government is weighing new tax measures on solar panels and internet services as part of its latest fiscal discussions with the International Monetary Fund (IMF). These proposals are part of a contingency plan, a financial backup to be used only if the … Read more