FBR Proposes Gradual Recovery of Rs217 Billion Super Tax to Protect Businesses
FBR Chairman assures phased collection of Rs217 billion in super tax arrears to prevent business closures, while senators warn against sudden tax burdens.
Pakistan Considers Redesigned Currency Notes from Rs10 to Rs5,000 with Advanced Security Features
The State Bank of Pakistan has proposed new designs for currency notes ranging from Rs10 to Rs5,000, featuring enhanced security elements, while clarifying that high-denomination notes will remain in circulation.
Senate Committee Voices Concerns Over Virtual Assets Bill 2025 Amid Crypto Risks
The Senate Standing Committee on Finance reviewed the Virtual Assets Bill 2025, raising concerns about crypto misuse, taxation, and money laundering while urging robust regulation to balance opportunity and risk.
Parliament Rejects Proposal to Expand FBR’s Surveillance Powers at Industrial Sites
Parliamentary committees have blocked controversial proposals in the Finance Bill 2025-26 that aimed to empower FBR with intrusive surveillance powers at factories. The move sparked debate on privacy, abuse of authority, and business environment implications while other fiscal reforms were approved.