In 2025, the Federal Board of Revenue (FBR) will expand the Single Sales Tax Return (SSTR) system to include many new sectors. These include hotels, restaurants, ride-hailing services, IT services, and more. This initiative will simplify the process for businesses in these industries to file their taxes. Here’s everything you need to know about these…
Real Madrid has added another prestigious title to their collection by winning the Intercontinental Cup in a 3-0 victory over Mexico’s Pachuca. The match, held at the Lusail Stadium in Qatar, saw a dominant performance from the Spanish giants. Match Summary: The game was almost entirely controlled by Real Madrid, with Pachuca having very few…
Starting July 1, 2025, a new pension system will be introduced for new civilian employees, ensuring that they save for their retirement through a contributory pension scheme. This decision comes after approval from the General Headquarters (GHQ) of the army. Along with this change, a Non-Banking Finance Company (NBFC) will be created to manage the…
The Nuclear Medicine Oncology and Radiotherapy Institute (NORI) in Islamabad has made a major breakthrough in cancer treatment by acquiring a state-of-the-art cyclotron. This new technology, valued at Rs. 1.5 billion, allows the production of Gallium 68 isotopes, which are used for Positron Emission Tomography (PET) scans. This technology is a significant development because it…
The Pakistan cricket team will play South Africa in the second One-Day International (ODI) match of their series. After winning the first match, Pakistan will aim for another victory and continue their strong performance in the 50-over format. Match Details Here’s all the important information for the upcoming match: Detail Information Date Thursday, December 19th,…
The Pakistan Telecommunication Authority (PTA) has shared some important updates about the country’s internet and telecommunications sector for the fiscal year 2023-24. Let’s look at some of the key developments in simple words. 1. Broadband Internet Subscriptions Increase by 91% In the last five years, Pakistan’s broadband internet subscriptions have increased by an impressive 91%….
Pakistan’s risk of default has seen a significant decline, as the Credit Default Swap (CDS) spread has dropped to a low of 505 basis points (bps), which is just 5.05%. This is a big improvement compared to the previous high of 12,388 bps in November 2022. This 93% drop shows that Pakistan’s ability to repay…
On December 18, 2024, a crucial meeting of the Economic Coordination Committee (ECC) of the Cabinet took place, chaired by Federal Minister for Finance Senator Muhammad Aurangzeb. During this meeting, several important decisions were made regarding Pakistan’s economic and infrastructure development. These decisions focus on the restructuring of key organizations, financial support for various sectors,…
The government is planning to impose stricter rules on non-filers, which means people who are not registered with the tax authorities. The new rules will make it difficult for non-filers to buy cars, property, and even open bank accounts. Let’s break down these changes in simple terms. Key Restrictions for Non-Filers Here are the key…
Ufone 4G, one of Pakistan’s top telecommunications companies, has partnered with ConnectHear, a leading assistive technology startup in South Asia. This partnership aims to make disaster response more inclusive for Deaf communities across the country. The initiative is backed by the GSMA Innovation Fund for Humanitarian Challenges, which provides funding for technology-based solutions to humanitarian…
