In an attempt to offer some relief to the salaried class, the Federal Board of Revenue (FBR) is considering increasing tax on interest income by 2%. This tax would apply to interest earned from commercial banks and savings schemes. The proposal is part of budget discussions for the fiscal year 2025–26 and is under review […]
tax hike
Pakistan rejects tax, power price hike demands as talks conclude with IMF
ISLAMABAD: The first round of talks for a financial bailout has ended today (Tuesday), where Pakistan refused to accept International Monetary Fund’s (IMF) demands of an increase in tax rates and electricity prices. Finance Minister Asad Umar while speaking to media after the meeting said that disagreements with the IMF continue on certain issues, which […]