Finance Minister Senator Muhammad Aurangzeb has stressed the need to expand Pakistan’s tax base, saying that bringing more citizens into the tax system is essential for sustainable economic growth and stronger public finances. The finance minister made the remarks on Thursday while speaking at a Pakistan Investment Roundtable organized by the Pakistan High Commission in […]
Government Considers Petroleum Levy Cut as Pakistan Seeks Rs. 1.5 Trillion in New Revenue
The government is considering a major change to Pakistan’s petroleum taxation policy by gradually reducing the Petroleum Levy to between Rs. 5 and Rs. 10 per liter while exploring alternative sources to replace the revenue generated through the levy. According to a report by Business Recorder, the proposal aims to compensate for an estimated Rs. […]
70 Major Global Exchanges Seek Licences to Enter Pakistan’s Digital Asset Market
Pakistan’s rapidly developing digital asset sector is attracting strong interest from international cryptocurrency exchanges, with around 70 major global platforms reportedly seeking licences to operate in the country. Bilal Bin Saqib, Chairman of the Pakistan Virtual Asset Regulatory Authority (PVARA), said Pakistan has undergone a major shift in its approach to digital assets within just […]