Shopkeepers have raised the prices of solar panels, even though the government’s decision to impose an 18 per cent sales tax on solar panel imports will take effect on July 1, pending the formal approval of the budget before the end of the year. Traders at Regal Chowk in the Saddar area blamed importers for raising prices. They said many consumers appeared upset over the sudden price shock afte
Teachers on Wednesday voiced their concerns over what they claimed was inadequate budget allocation for the higher education sectors, stating that this allocation is insufficient to meet the rapidly increasing financial needs of the higher education sector. For fiscal year 2025-26, the federal government earmarked Rs66.4 billion recurring budget (non-development expenditure including salaries a
Pakistan looks set to exceed its annual remittances target of $38 billion with $3.7bn inflows in May. So far in the 11 months of the fiscal year 2025 — July to May — Pakistan received $35bn in remittances. With the addition of June inflows, the total remittances are expected to exceed the revised target of $38bn for the current financial year. The latest data issued by the State Bank on W
The government has introduced a series of new provisions to expand sales tax registration and tighten compliance through penalties, including arrests, to curb tax evasion and bridge the country’s sales tax gap. The new sections introduced through the Finance Bill 2025-26 cover registration, improve compliance and facilitate the transition from traditional to digital transactions to document sal
The federal government has proposed sweeping reforms to tighten tax compliance, including significantly higher penalties for non-compliance and stronger enforcement measures to target under-taxed and digitally active sectors. The changes, proposed in the Finance Bill 2025, aim to deter non-compliance, discourage cash-based transactions and enhance documentation of the economy. Federal Board of