Taxation
The threshold for salary payment through cash in Pakistan has been increased to Rs 32,000 per month. This is in line with the increase in the minimum wage. Previously, salary
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The Finance Act 2023 has amended section 147 of the Income Tax Ordinance 2001 to require builders and developers to pay advance tax on a project-by-project basis. The advance
The Federal Excise Duty (FED) Act, 2005 specifies various situations for the levy of FED in relation to specified goods and services. The Finance Bill, 2023 proposed to insert
The definition of IT Services and IT Enabled Services has been moved from Table-2 to Table-1 of the Islamabad Capital Territory (Tax on Services) Ordinance 2001. This is a pos
The Finance Bill 2023 proposed to exempt freelance exporters exclusively dealing in export of IT and IT enabled services from sales tax. However, this amendment was not made p
The government has clarified that input tax disallowance will be applicable to all persons in the supply chain of pharmaceutical goods, including manufacturers and importers,
The government has extended the sales tax exemption on wheat bran with retrospective effect from July 1, 2018. This means that taxpayers who incurred sales tax liability on wh
The Finance Act 2023 has increased the zero-rating limit on sales tax for preparations suitable for infants put up for retail sales from Rs. 500 to Rs. 600 per 200 grams. This
Health
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The 16th Consumer Food Safety and Quality Conference was held at the Islamic Chamber of Commerce, Karachi, where Abdul Jabbar Khan, Special Assistant to the Chief Minister of
GENEVA: After more than three years of negotiations, the World Health Organization (WHO) announced on Wednesday that its member states have reached an agreement to strengthen
While it may be possible to purchase drinks and dietary supplements made in North Korea as souvenirs or at a North Korean restaurant's recommendation, consumers need to be awa
Education
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KARACHI: The Board of Intermediate Education Karachi (BIEK) has announced the postponement of the annual intermediate examinations for 2025, originally scheduled to begin on A
ISLAMABAD: Pakistan's information technology (IT) sector has witnessed impressive growth, with IT service exports reaching $2.177 billion during the first seven months of the
Karachi: ILMA University successfully concluded its 5th International Conference on Combating Fake News and Climate Reporting in the Digital Era, a landmark two-day event that
OP-ED
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In North Korea, women are referred to as "one wheel of the revolutionary cart". A popular song titled "Women Are Flowers" describes women as "the flowers of the nation". The c
The Indus Waters Treaty (IWT), signed on September 19, 1960, is one of the most significant water-sharing agreements in the world. Brokered by the World Bank, the treaty was e
By: Hassan NourianConsul General of I.R. Iran in Karachi The death anniversary of Dr Allama Muhammad Iqbal is being observes 21st April across the country to acknowledge his s