The protest led by traders and supported by political parties against the centre’s trade policies intensified on Sunday as protesters blocked the Karakoram Highway (KKH) for traffic. Local importers and exporters have been protesting against what they call the exploitative policies of the Federal Board of Revenue (FBR). A local PML-N leader said the federal government — led by his party — wa
As part of its strategic direction to declare ‘war on cash’, the federal government is likely to introduce differential tax and transaction rates for cash and digital payments across various sectors, including fuel pricing, in the upcoming budget. This is going to be the most crucial step among many other things that Finance Minister Muhammad Aurangzeb has been hinting at in recent days and may
Amid easing geopolitical tensions and strong anticipation of relief for the agriculture sector in the upcoming budget, the stock market attracted renewed buying interest. Overnight, Minister for National Food Security and Research Rana Tanveer Hussain stated that his ministry is actively working on eliminating the 18 percent general sales tax on local cotton in the upcoming budget. According
Adviser to the Finance Minister Khurram Schehzad on Thursday said that no decision has been made to postpone the federal budget for the fiscal year 2025-26, clarifying that the previously announced date of June 10 remains unchanged. Amid media reports claiming that the budget had once again been rescheduled due to the Eidul Azha holidays, Schehzad wrote on X today that no decision has been made
Federal Minister for Petroleum Ali Pervaiz Malik has proposed the inclusion of dealers in a committee to thrash out rules related to the Petroleum Act of 1934. In a meeting with the oil sector stakeholders at the Pakistan State Oil (PSO) head office on Thursday, the minister discussed issues like dealer margins with Abdul Sami Khan, Chairman of the Pakistan Petroleum Dealers Association (PPDA).