Effective immediately, the Sindh government has implemented a 2% increase in the Sales Tax on various services, impacting several sectors significantly. Notably, the Sindh Sales Tax (SST) rate for businesses such as hotels, farmhouses, restaurants, caterers, and wedding halls has risen from 13% to 15%. Additionally, guest houses, farmhouses, clubs, and other entities will also…
Sindh Chief Minister Syed Murad Ali Shah recently announced that Karachi, Pakistan’s largest city, will soon gain official recognition as the twin city of New York. This historic decision is slated to be formalized through a resolution to be passed by the Sindh Assembly. The announcement was made during a meeting with New York State…
Justice Aalia Neelum has achieved a groundbreaking milestone as she becomes the first female Chief Justice of the Lahore High Court, following a unanimous decision by the Judicial Commission of Pakistan. Her nomination, approved under the leadership of Chief Justice Qazi Faez Isa, marks a pivotal moment in Pakistan’s judicial history. With over two decades…
Pakistan’s trade performance in 2024 has shown promising developments on an annual basis, marked by significant improvements in exports and a slight decrease in imports. Over the year, exports surged by 10.5% to reach $30.64 billion, signaling robust economic growth. Meanwhile, imports experienced a modest decline of 0.8%, totaling $54.73 billion. This shift has led…
The completion of a new bridge at Lovat Bala in the Upper Neelum Valley by the Pakistan Army signifies a significant milestone aimed at overcoming the challenges faced by local residents. Previously, the deteriorating condition of the bridge posed substantial difficulties, severely impacting daily life and causing hindrances, particularly for school children and community members….
The Punjab government recently allocated sugar export quotas among mills in the region, with Jahangir Khan Tareen’s JDW Sugar Mills-I and JDW Sugar Mills-II receiving the largest share of 10,783 tons out of a total 96,000 tons. This decision, based on sugar production volumes rather than sucrose recovery rates, favors Tareen’s highly efficient mills. The…
Karachiites find themselves in the throes of a relentless heatwave, yearning for relief from the scorching temperatures that have enveloped the city. As the mercury continues to climb, hope flickers in the hearts of residents with the forecast of rain showers by the Met Office. In response to the soaring heat, people are diligently safeguarding…
Punjab Chief Minister Maryam Nawaz and PML-N President Muhammad Nawaz Sharif recently convened for an extensive five-hour meeting, jointly overseeing key developments for Murree. Central to their discussions was the approval of the Murree development plan, highlighting a strategic roadmap for progress in the region. Senior Provincial Minister Marriyum Aurangzeb presented an array of projects…
The Pakistan Petroleum Dealers Association (PPDA) has declared a nationwide strike scheduled for July 5th in protest against the government’s imposition of a 0.5% advance tax. PPDA chairman Abdul Sami Khan has emphasized that discussions are slated with government officials on Monday in Islamabad. However, Khan warned that should these talks fail to yield a…
The Federal Board of Revenue (FBR) has reached an important milestone by surpassing its revenue collection target for the fiscal year 2023-24. The top tax collection agency reported a total revenue of Rs 9,306 billion, which is Rs 54 billion more than the target set. This remarkable achievement shows a 30% increase compared to the…