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Results for “Tax” (105)

Syeda Mubeena Hashmi Posted in Politics

Nearly 10,000 Shopkeepers Join New Tax Scheme in First Month

Nearly 10,000 shopkeepers registered under the Asan Tax Scheme (ATS) during its first month, according to State Minister for Finance Bilal Azhar Kayani. Officials said 1,929 participants entered the tax system for the first time, while hundreds had already filed returns. The minister directed the FBR to resolve technical issues and expedite tax registration plates for compliant shopkeepers. Read More…

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Syeda Mubeena Hashmi Posted in Uncategorized

Two Education Officials Face Action Over Student

TAXILA: Two education officials in Fatehjang have been suspended and an inquiry ordered over alleged corporal punishment of a sixth-grade student. The officials, Mohammad Hanif and Mohammad Saleem, serve at Government Elementary Boys School, Kamra. Disciplinary proceedings were initiated under the PEEDA Act following a complaint by the student’s mother. The incident has renewed concerns over enforcement of Punjab’s ban on corporal punishment. Read More…

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Syeda Mubeena Hashmi Posted in Business

Business Community Seeks Review of Fuel Pricing Policy

KARACHI: The business community has urged the government to review taxes, levies and the daily fuel pricing mechanism. KATI President Muhammad Ikram Rajput said frequent price changes were increasing uncertainty and making production costs difficult to calculate. He called for immediate relief when global oil prices decline, saying consumers and industry should not bear higher costs while reductions are delayed. Read More…

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Hafsa Mustafa Posted in World

JI protests over fuel prices, inflation disrupt traffic across several cities

Jamaat-e-Islami (JI) staged nationwide protests on Friday against inflation, higher fuel prices, the petroleum levy, and taxes, with demonstrations, sit-ins, and rallies disrupting traffic on major highways and roads in several cities. In Karachi, the party’s protest led to severe traffic jams and congestion at many places. According to the traffic police spokesperson, traffic pressure was reported on both carriageways between Lasbela Chowk and Numaish Chowrangi, on roads linking Tibet Centre with Numaish Chowrangi, and on both sides of the road between Numaish and Shahrah-e-Quaideen. Read More…

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Hafsa Mustafa Posted in Uncategorized

Salaried class pays Rs633bn in tax, more than exporters, retailers and real estate combined

Pakistan's salaried class contributed Rs633 billion in income tax during fiscal year 2025-26, surpassing the combined tax contribution of exporters, the real estate sector and retailers, The News reported, citing provisional data compiled by the Federal Board of Revenue. The Federal Board of Revenue (FBR) has fetched Rs13,010 billion in the last fiscal year ending on June 30, 2026, out of which the salaried class stood out as one of the major contributors, as the tax was deducted at the source and deposited into the national kitty. Read More…

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Hafsa Mustafa Posted in World

Norway urges US to pressure Israel to release Palestinian tax funds

Norway has called on the US to use its influence to push Israel to release withheld Palestinian tax revenues, warning of deepening economic strain on the Palestinian Authority. Foreign Minister Espen Barth Eide told the Israeli media outlet Haaretz that engaging US-backed institutions could help shift Israeli policy. “The fact that we are now incorporating the American institutions, which they enthusiastically have set up, might actually be the best way also to influence Israel,” he said, adding that Washington still holds sway as Israel’s circle of allies narrows. Read More…

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Hafsa Mustafa Posted in World

Iran MPs propose tolls on shipping through Strait of Hormuz

Iranian lawmakers have proposed a plan to impose tolls and taxes on ships passing through the strategic Strait of Hormuz, local media reported. "We in parliament are pursuing a plan under which countries will pay tolls and taxes to the Islamic republic if the Strait of Hormuz is used as a secure route for transit, energy and food security," Tehran lawmaker Somayeh Rafiei was quoted as saying by the ISNA news agency. Read More…

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Hafsa Mustafa Posted in Politics

PPP chief urges Centre to let provinces collect sales tax on goods

PPP Chairman Bilawal Bhutto-Zardari on Tuesday demanded that the federal government hand over responsibility for collecting sales tax on goods to the provinces, arguing that provincial performance has been stronger compared to the Centre. "After the 18th Amendment, provinces collected sales tax on services, which improved revenue, and Sindh's performance has been far better than other provinces," Bilawal said while addressing a ceremony at the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) in Lahore. Read More…

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Alina Hashmi Posted in World

Wall Street reacts to Mamdani’s win

Reuters has been getting the reaction of Wall Street to Mamdani’s win. Mamdani, who describes himself as a democratic socialist, has proposed raising the state corporation tax and hiking income taxes on New Yorkers who earn more than $1m annually, causing jitters among the city’s financial elite. Tim Ghriskey, a senior portfolio strategist at Ingalls & Snyder, told Reuters that Mamdani’s victory will be “an interesting experiment”. “We’ll see how much he tries to really change New York City and how he is accepted,” he said. Read More…

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Hafsa Mustafa Posted in World

US-taxpayers file a historic lawsuit charging Washington with complicity in Gaza genocide

Over 4,000 American taxpayers have taken an unprecedented step in international law, filing a complaint against their own government for complicity in Israel’s genocide in Gaza. The case, an expanded and amended legal filing before the Inter-American Commission on Human Rights (IACHR), marks the first time US citizens have collectively sought accountability for Washington’s role in atrocities committed against Palestinians. Read More…

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