ISLAMABAD / KARACHI — Providing massive long-term certainty to the country’s booming digital ecosystem, the final draft tracking of the FY2026-27 budget confirms that the concessional 0.25% final tax rate on IT export earnings is officially secured until June 2029. The decision comes right as data reveals Pakistan’s IT and telecom exports surged by 20% […]
ISLAMABAD — In a major move to assist entry-level and mid-range smartphone users, the National Assembly Standing Committee on Finance, chaired by MNA Syed Naveed Qamar, has directed the Federal Board of Revenue (FBR) and the Pakistan Telecommunication Authority (PTA) to jointly design an installment-based tax payment plan. Lawmakers voiced strong concerns over the booming
ISLAMABAD — As National Assembly budget deliberations continue, Finance Minister Muhammad Aurangzeb has outlined a 17.6% increase in the country’s national defense spending, elevating the final allocation to PKR 3,000 billion for the fiscal year 2026-27. Presenting the broader PKR 18,771 billion federal layout, the government emphasized that this significant fiscal step is explicitly driven
ISLAMABAD — The Senate Standing Committee on Finance, chaired by Senator Saleem Mandviwalla, has officially reviewed and endorsed a mandatory 5% tax on earnings generated through social media platforms under Finance Bill 2026. The new framework marks a massive push by the FBR to bring monetized content creation, influencer advertising, and digital entrepreneurs directly into
ISLAMABAD / VERSAILLES — In a historic victory for Pakistani diplomacy, the United States and Iran have officially signed a comprehensive initial treaty to permanently end their months-long war, ease crippling economic sanctions on Tehran, and reopen the strategic Strait of Hormuz. Prime Minister Shehbaz Sharif formally endorsed the agreement, detailing that the breakthrough was
PESHAWAR / TASHKENT — In a major boost to regional trade diversification, the first commercial cargo fleet under the Trans-Regional Transit Trade agreement has successfully moved from Tashkent, Uzbekistan, arriving in Peshawar via the land route through Afghanistan. Utilizing the international TIR convention for seamless border customs clearance, the new corridor slashes regional freight transport
ISLAMABAD — Moving Pakistan closer to advanced mobile connectivity, the Ministry of Information Technology and Telecommunication (MoITT) has formally announced the finalized roadmap for the country’s first national 5G spectrum auction, locked for October 2026. The high-profile spectrum rollout is projected to attract over $500 million in localized telecom infrastructure investments from international mobile network
National 5G Spectrum Auction: Ministry of Telecom Confirms October 2026 Launch Timeline Read More »
ISLAMABAD — In a major update to the recently presented Finance Bill, the federal government has proposed replacing the current tax exemption for IT exports with a fixed 1% final tax regime on export proceeds for software houses and digital services companies. While the IT industry had strongly lobbied for a full extension of tax
KARACHI — Marking a historic milestone for localized manufacturing, Finance Minister Muhammad Aurangzeb virtually chaired the high-profile “Gong Ceremony” at the Pakistan Stock Exchange (PSX) to mark the formal listing of Service Long March (SLM) Tyres Limited. SLM, the country’s premier domestic radial tyre exporter, successfully completed its Initial Public Offering (IPO) amid soaring investor
ISLAMABAD / KARACHI — Following the formal presentation of the Rs18.77 trillion federal budget, the government has introduced sweeping structural changes to target previously under-taxed sectors. Under the new Finance Bill guidelines, digital content creators, freelancers, and social media influencers will now face direct, automated withholding tax deductions processed seamlessly through the banking system. While
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