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 — 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
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
ISLAMABAD — To aggressively counter the proliferation of counterfeit medicine and secure national health supply chains, the Federal Cabinet has officially approved the implementation of an advanced track-and-trace system for pharmaceutical products. Developed in sync with the National Information Technology Board (NITB) and the Drug Regulatory Authority of Pakistan (DRAP), the system mandates unique serialized
HANGZHOU / ISLAMABAD — In a major economic breakthrough, Pakistani and Chinese companies have officially signed cooperation agreements and Memorandums of Understanding (MoUs) worth a massive $1.22 billion. The historic deals were finalized at the Pakistan-China Business Conference in Hangzhou, witnessed directly by Prime Minister Shehbaz Sharif and the Governor of Zhejiang Province, Mr. Liu
ISLAMABAD — Prime Minister Shehbaz Sharif is scheduled to embark on a vital four-day official visit to China starting tomorrow. Marking the historic 75th anniversary of Pakistan-China diplomatic relations, the visit’s primary objective is economic and digital acceleration. The PM will kick off his trip in Hangzhou, where he will personally chair the Pakistan-China Business-to-Business
LAHORE — The Punjab Land Records Authority (PLRA) has launched the pilot phase of its “Digital Land Title Tokenization” project in selected commercial districts of Lahore. In partnership with provincial IT boards, the initiative is transferring physical property deeds onto a secure, immutable decentralized ledger. Once fully implemented, the blockchain infrastructure will allow overseas and
ISLAMABAD — In a major step toward centralizing Pakistan’s digital public infrastructure, the Pakistan Single Window (PSW) and the National Information Technology Board (NITB) have officially signed a Memorandum of Understanding (MoU). This collaboration aims to accelerate the digitization and integration of citizen-centric public services into a single, cohesive national platform under the Digital Economy
ISLAMABAD / KARACHI — According to the latest data released by the State Bank of Pakistan (SBP), the country’s technology exports have witnessed a massive 33% year-on-year growth, reaching an impressive $423 million for the single month of April 2026. This extends a continuous streak where monthly IT export revenue has comfortably held above the
Pakistan Tech Exports Surge: IT Revenue Hits $423 Million in Record-Breaking Month Read More »
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