{"id":1845,"date":"2021-12-02T13:29:34","date_gmt":"2021-12-02T08:29:34","guid":{"rendered":"https:\/\/www.yourrightdecision.com\/blog\/?p=1845"},"modified":"2022-04-12T19:29:05","modified_gmt":"2022-04-12T14:29:05","slug":"pakistan-tax-updates","status":"publish","type":"post","link":"https:\/\/www.yourrightdecision.com\/blog\/pakistan-tax-updates\/","title":{"rendered":"Pakistan Tax and Business Updates"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

The tax year in Pakistan begins on July 01 and ends on June 30 of the next year. Earlier, most of the tax changes and amendments were introduced in the annual budget through the finance bill and finance act. However, recently, due to uncertainty in the economic environment and the pressures of international funding institutions, the government of Pakistan is compelled to introduce tax changes even during the tax year. Therefore, I thought to create a blog post.<\/p>\n\n\n\n

This post will have links to the latest changes introduced in the tax system of Pakistan. I will add links from famous newspapers and websites such as Business Recorder, Dawn, Jang, The News, Fbr, and PkRevenue. The links will be listed in descending order so that you see the latest ones first.<\/p>\n\n\n\n

PM raises minimum wage to Rs25,000; pensions hiked by 10pc<\/h1>\n\n\n\n

https:\/\/www.brecorder.com\/news\/40166780\/pm-raises-minimum-wage-to-rs25000-pensions-hiked-by-10pc<\/a><\/p>\n\n\n\n

IT Services or IT Enabled Services – PSEB – Registration<\/h1>\n\n\n\n

https:\/\/www.youtube.com\/watch?v=9R7jcZTH2jg<\/a>
https:\/\/www.youtube.com\/watch?v=mUgziUmW5pY<\/a><\/p>\n\n\n\n

SBP holds rates, hints at early MPC meet if needed<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/939913-sbp-holds-rates-hints-at-early-mpc-meet-if-needed<\/a><\/p>\n\n\n\n

FBR jacks up property valuation rates by 25 to 250 pc<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/938470-fbr-jacks-up-property-valuation-rates-by-25-to-250-pc<\/a>
https:\/\/fbr.gov.pk\/valuation-immovable-properties\/131220<\/a><\/p>\n\n\n\n

Whiten black money at 5pc: PM Imran Khan unveils yet another amnesty scheme<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/937826-whiten-black-money-at-5pc-pm-unveils-yet-another-amnesty-scheme<\/a><\/p>\n\n\n\n

PM Imran Khan cuts petrol, diesel prices by Rs10\/litre, power tariff by Rs5\/unit<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/937557-pm-slashes-petrol-diesel-prices-by-rs10-litre-power-tariff-rs5-unit<\/a><\/p>\n\n\n\n

Package approved for Freelancers<\/h1>\n\n\n\n

https:\/\/jang.com.pk\/news\/1053958<\/a><\/p>\n\n\n\n

Pak officials, politicians, businessmen held accounts in Switzerland<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/935757-pak-officials-politicians-businessmen-held-accounts-in-switzerland<\/a><\/p>\n\n\n\n

New leaks unmask wealth parked at Swiss bank<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/935450-new-leaks-unmask-wealth-parked-at-swiss-bank<\/a><\/p>\n\n\n\n

Revised Profit Rates of National Savings Schemes<\/h1>\n\n\n\n

http:\/\/savings.gov.pk\/wp-content\/uploads\/Revision-in-Rates-of-NSS.pdf<\/a><\/p>\n\n\n\n

Rs160 bn tax to be slapped on salaried class<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/930976-commitment-with-imf-rs160-bn-tax-to-be-slapped-on-salaried-class<\/a><\/p>\n\n\n\n

IMF approves $1 bn loan tranche for Pakistan<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/930342-lead<\/a><\/p>\n\n\n\n

India to launch its own digital currency in 2022-2023<\/h1>\n\n\n\n

https:\/\/www.cnbc.com\/2022\/02\/01\/india-digital-currency-to-launch-in-2022-2023-finance-minster-says.html<\/a><\/p>\n\n\n\n

Moderation in demand growth: SBP holds policy rate with inflation, CAD seen easing<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/927843-growth-moderating-sbp-holds-policy-rate-points-to-easing-inflation-c-a-deficit<\/a><\/p>\n\n\n\n

Corruption increased in 2021: TI<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/928090-corruption-increased-in-2021-ti<\/a><\/p>\n\n\n\n

Abstaining senators allow SBP bill to sail through<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/928907-sbp-bill-sails-through-senate-opp-fails-despite-majority<\/a><\/p>\n\n\n\n

PTA Clarification regarding ‘PTA Tax’<\/h1>\n\n\n\n

https:\/\/www.pta.gov.pk\/en\/media-center\/single-media\/pta-clarification-250122<\/a><\/p>\n\n\n\n

Debit Cards will be issued to National Savings customers<\/h1>\n\n\n\n

https:\/\/jang.com.pk\/news\/1041134<\/a><\/p>\n\n\n\n

Govt to connect 74 departments with Pakistan Single Window<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/927695-govt-to-connect-74-departments-with-pakistan-single-window<\/a><\/p>\n\n\n\n

Procedure to claim the prize money of FBR POS Invoice Scheme<\/h1>\n\n\n\n

https:\/\/twitter.com\/FBRSpokesperson\/status\/1484183173479215105<\/a><\/p>\n\n\n\n

Ishaq Dar’s Column on Pakistan’s Economy<\/h1>\n\n\n\n

https:\/\/jang.com.pk\/news\/1038392<\/a><\/p>\n\n\n\n

FBR POS Prize Winners<\/h1>\n\n\n\n

https:\/\/www.fbr.gov.pk\/pos-prize-winners\/163085\/173378<\/a><\/p>\n\n\n\n

SBP Amendment Bill to land in senate next week<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/925292-sbp-amend-bill-mini-budget-to-land-in-senate-next-week<\/a><\/p>\n\n\n\n

13 other bills also approved in NA besides mini-budget<\/h1>\n\n\n\n

https:\/\/jang.com.pk\/news\/1037397<\/a><\/p>\n\n\n\n

Opposition fails to stop passage of mini-budget<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/924961-opp-fails-to-block-passage-of-mini-budget<\/a><\/p>\n\n\n\n

FAQs – POS Integration<\/h1>\n\n\n\n

https:\/\/fbr.gov.pk\/pos-faqs\/163085\/163092<\/a><\/p>\n\n\n\n

FAQs – POS Prize Scheme<\/h1>\n\n\n\n

https:\/\/help.fbr.gov.pk\/?p=8777<\/a><\/p>\n\n\n\n

SBP\u2019s committee for ban on cryptocurrency<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/924769-sbp-s-committee-for-ban-on-cryptocurrency<\/a><\/p>\n\n\n\n

SHC order on foreign assets statement suspended<\/h1>\n\n\n\n

https:\/\/www.dawn.com\/news\/1668756\/shc-order-on-foreign-assets-statement-suspended<\/a><\/p>\n\n\n\n

Rs258 bn aggregate profits: Pakistan stock market claims highest profit in 10 years<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/923145-rs258-bn-aggregate-profits-pakistan-stock-market-claims-highest-profit-in-10-years<\/a><\/p>\n\n\n\n

Pakistanis lose Rs17.7 billion to online cryptocurrency fraud<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/923480-pakistanis-lose-rs17-7-billion-to-online-cryptocurrency-fraud<\/a><\/p>\n\n\n\n

SBP announces a new era for banking with a Licensing & Regulatory Framework for Digital Banks<\/h1>\n\n\n\n

https:\/\/www.sbp.org.pk\/press\/2022\/Pr-03-Jan-2022.pdf<\/a><\/p>\n\n\n\n

FBR to launch National Sales Tax Return<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/922902-fbr-to-launch-national-sales-tax-return<\/a><\/p>\n\n\n\n

The tax directory of parliamentarians, issued by the FBR<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/922288-parliament-big-names-minimal-tax<\/a><\/p>\n\n\n\n

Strict IMF conditions: Interview with Shaukat Tarin<\/h1>\n\n\n\n

https:\/\/www.youtube.com\/watch?v=e-4C0Yet4m8<\/a><\/p>\n\n\n\n

National Savings Launches Debit Card Facility<\/h1>\n\n\n\n

https:\/\/propakistani.pk\/2021\/12\/29\/national-savings-launches-debit-card-facility<\/a><\/p>\n\n\n\n

Rs343 bn mini-budget tabled: Computers, cell phones, bakery items go dearer<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/921208-rs343b-mini-budget-tabled-slug-computers-mobile-bakery-items-go-dearer<\/a><\/p>\n\n\n\n

More than 50 countries have introduced restrictions for cryptocurrencies<\/h1>\n\n\n\n

https:\/\/bctd.news\/posts\/more-than-50-countries-have-introduced-restrictions-for-cryptocurrencies<\/a><\/p>\n\n\n\n

Govt mulls to bring mini budget through ordinance: Rabbani<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/919076-govt-mulls-to-bring-mini-budget-through-ordinance-rabbani<\/a><\/p>\n\n\n\n

Over 100 MPs not paying income tax<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/919058-over-100-mps-not-paying-income-tax<\/a><\/p>\n\n\n\n

Mini-budget withdrawn from cabinet after stiff opposition<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/918813-mini-budget-withdrawn-from-cabinet-after-stiff-opposition<\/a><\/p>\n\n\n\n

$1B in foreign exchange sold after Erdo\u011fan\u2019s announcement<\/h1>\n\n\n\n

https:\/\/www.dailysabah.com\/business\/economy\/1b-in-foreign-exchange-sold-after-erdogans-announcement<\/a><\/p>\n\n\n\n

Russian central bank to seek ban on investment in cryptocurrencies<\/h1>\n\n\n\n

https:\/\/www.reuters.com\/markets\/currencies\/russian-cenbank-seek-ban-investment-cryptocurrencies-sources-say-2021-12-16<\/a><\/p>\n\n\n\n

SBP tightens rules on buying foreign currency<\/h1>\n\n\n\n

https:\/\/www.dawn.com\/news\/1664735<\/a><\/p>\n\n\n\n

16,000 sacked employees restored<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/917616-16-000-sacked-employees-restored<\/a><\/p>\n\n\n\n

Small and Medium Enterprises Policy: Rs10m collateral-free loans for new SMEs<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/917044-rs10m-no-guarantees-loans-for-new-smes<\/a><\/p>\n\n\n\n

FBR Rebuts Disinformation About POS Integration Drive on Social Media<\/h1>\n\n\n\n

https:\/\/www.fbr.gov.pk\/fbr-rebuts-disinformation-about-pos-integration-drive-on-social-media\/173273<\/a><\/p>\n\n\n\n

NADRA may compute income, tax liability of non-filers<\/h1>\n\n\n\n

https:\/\/www.brecorder.com\/news\/40138843<\/a><\/p>\n\n\n\n

SBP launches Asaan Mobile Account<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/916547-sbp-launches-asaan-mobile-account<\/a><\/p>\n\n\n\n

Mini budget next week: Many items to become pricier<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/915724-mini-budget-next-week-many-items-to-get-pricier<\/a><\/p>\n\n\n\n

Purchasing from POS-integrated retailers: FBR announces prize scheme for customers<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/915847-purchasing-from-pos-integrated-retailers-fbr-announces-prize-scheme-for-customers<\/a>
https:\/\/www.fbr.gov.pk\/FBR-announces-prize-scheme-for-shoppers-of-POS-integrated-retailers\/163085\/163264<\/a><\/p>\n\n\n\n

Profit Rates of National Savings Schemes (w.e.f. 10-Dec-2021)<\/h1>\n\n\n\n

http:\/\/savings.gov.pk\/wp-content\/uploads\/NSS-Rates.pdf<\/a><\/p>\n\n\n\n

FBR Holds in Abeyance New Property Valuation till January 16, 2022<\/h1>\n\n\n\n

https:\/\/fbr.gov.pk\/fbr-holds-in-abeyance-new-property-valuation-till-january-16-2022-\/163254<\/a><\/p>\n\n\n\n

Valuation of Immovable Properties<\/h1>\n\n\n\n

https:\/\/fbr.gov.pk\/valuation-of-immovable-properties\/51147\/131220<\/a>
https:\/\/download1.fbr.gov.pk\/SROs\/202112210125043642Karachi.pdf<\/a><\/p>\n\n\n\n

FBR Social Media Handles<\/h1>\n\n\n\n

https:\/\/www.fbr.gov.pk\/fbr-socialmedia-handles\/152832<\/a><\/p>\n\n\n\n

Immovable property: FBR ups property valuation rates<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/913349-immovable-property-valuation-rates-of-fbr-notified-rates-jacked-up<\/a><\/p>\n\n\n\n

It\u2019s a must for real estate agents to get registered with FBR<\/h1>\n\n\n\n

https:\/\/www.thenews.com.pk\/print\/912898-it-s-a-must-for-real-estate-agents-to-get-registered-with-fbr<\/a><\/p>\n\n\n\n

Penalty for issuing unauthorized sales tax invoice<\/h1>\n\n\n\n

https:\/\/pkrevenue.com\/penalty-for-issuing-unauthorized-sales-tax-invoice<\/a><\/p>\n\n\n\n

SECP amends regulations to help start-ups, small firms<\/h1>\n\n\n\n

https:\/\/www.dawn.com\/news\/1659888<\/a><\/p>\n\n\n\n

FBR develops Single Sales Tax Portal to facilitate taxpayers<\/h1>\n\n\n\n

https:\/\/www.fbr.gov.pk\/fbr-develops-single-sales-tax-portal-to-facilitate-taxpayers\/163195<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The tax year in Pakistan begins on July 01 and ends on June 30 of the next year. Earlier, most…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-1845","post","type-post","status-publish","format-standard","hentry","category-taxation"],"yoast_head":"\nPakistan Tax and Business Updates - Your Right Decision Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yourrightdecision.com\/blog\/pakistan-tax-updates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan Tax and Business Updates - Your Right Decision Blog\" \/>\n<meta property=\"og:description\" content=\"The tax year in Pakistan begins on July 01 and ends on June 30 of the next year. 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