Thursday , April 23 2026

Tag Archives: Committee on Finance

Pakistan opens doors to used car imports amidst major public finance reforms

Aftab Maken ISLAMABAD:  Pakistan is set to see a significant shift in its automotive market and public finance management, following key approvals from the Ministry of Commerce and the Senate Standing Committee on Finance. Starting September 2025, the commercial import of used cars will officially be permitted, marking a new …

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Govt moves to tighten tax net on non-filers

Aftab Maken ISLAMABAD: The government has decided to tighten the noose around individuals and businesses not registered with the Federal Board of Revenue (FBR). The proposed actions include banning such persons from operating bank accounts and disconnecting their electricity and gas connections. However, the National Assembly’s Standing Committee on Finance …

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Higher penalties for tax evasion proposed in Budget 25-26

Due to high tax rates, many businesses are reportedly shifting from Pakistan to Dubai — a concern that the Federal Board of Revenue (FBR) has confirmed. This was revealed during a meeting of the Senate Standing Committee on Finance, chaired by Senator Saleem Mandviwalla. Members of the committee pointed out …

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