Skip to main content

Haval Pakistan Announces Good News About Car Prices

  While leading automakers such as Pak Suzuki and Kia have raised vehicle prices following the implementation of new taxes under the Federal Budget 2025–26, Sazgar Engineering has taken a different approach. In an official announcement, the company stated that it will absorb the cost of the newly introduced New Energy Vehicles (NEV) Adoption Levy. As a result, Haval vehicle prices will remain unchanged. This decision comes at a time when Pak Suzuki Motor Company and Kia Lucky Motors increased their prices, citing the increased sales tax rate and additional levies introduced in the new fiscal policy. Suzuki models like the Alto, Cultus, and Swift saw noticeable price hikes, while Kia increased rates across most of its popular vehicles, including Sportage and Picanto. Sazgar, on the other hand, emphasized its commitment to customer welfare by maintaining price stability. “As a responsible and customer-focused organization, Sazgar has consistently taken proactive measures to protect t...
Post a Comment

Government may ban bank accounts for non-filers




The Pakistani government, in a major step toward improving tax compliance, has announced harsh measures aimed at non-filers following the 2024–25 budget. Nearly two million people whose tax returns have not been filed will have their bank accounts and mobile SIM cards blocked by the Federal Board of Revenue (FBR). This effort intends to widen the tax base and improve tax compliance among citizens.

Telecom companies and banks have already received orders from the FBR to identify and stop providing services to non-filers. The telecom firms have been directed by the Pakistan Telecommunication Authority (PTA) to promptly comply with these directives, which would result in the barring of SIM cards until the relevant users file their tax returns and obtain approval from the FBR.

This program is a component of the government's larger plan to raise tax income and deal with budgetary issues. Telecom firms are subject to inspections by the FBR to ensure compliance, and telecom operators are obliged to submit compliance reports by designated deadlines. The administration thinks that these actions would promote tax compliance and accountability, which is essential for the nation's economic stability.

But the action has drawn criticism and debate. Some contend that employing such forceful measures might not be the best approach to increase tax collection and might perhaps cause discomfort to the public. Critics advise examining foreign models that use incentives rather than punitive tactics to promote tax compliance. 
Overall, the government's attempts to broaden the tax base are praiseworthy, but how they are carried out and received by the people will determine how successful they are in the long run. The following months will demonstrate if these actions successfully improve tax compliance or provide new difficulties for the administration

Comments

Post a Comment

Popular posts from this blog

UAE Reaffirms Strong Ties with Pakistan on 77th Independence Day

 As Pakistan marked its 77th Independence Day, the UAE demonstrated its continued support and friendship. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, extended his heartfelt congratulations to the leadership and people of Pakistan on this significant occasion. His message was shared via his official account on X (formerly known as Twitter), where he expressed his warm wishes for Pakistan’s progress and stability. In his message, HH Sheikh Mohammed highlighted the enduring relationship between the UAE and Pakistan, emphasizing that as Pakistan moves forward in its journey toward development, the UAE remains committed to strengthening the bonds that unite the two nations. This gesture underscores the deep-rooted ties between the UAE and Pakistan, a relationship built on mutual respect, shared values, and a long history of cooperation. Pakistan and the UAE have maintained close diplomatic, economic, and cultural ...
Post a Comment
Read more

Namibian President Hage Geingob passes away aged 82

  Namibia’s President Hage Geingob, aged 82, passed away after revealing his battle with cancer.   In his second term, he supported South Africa’s case against Israel and condemned Germany.   Acting President Mbumba expressed deep sorrow, stating that Geingob was surrounded by family. Detected with cancerous cells in January, he was praised by leaders like South African President Cyril Ramaphosa and Kenyan President William Ruto for his role in liberation and commitment to a unified Africa. Geingob, Namibia’s longest-serving prime minister, underwent surgeries and received treatment until his demise. As the nation mourns Geingob's passing, Namibia is set to hold presidential and national assembly elections later in the year.
Post a Comment
Read more

Has Social Media Become the Loudest Voice for Justice in the Israel-Palestine Conflict?

  In a world filled with turmoil and suffering, social media emerges as a powerful force challenging narratives, demanding justice, and giving voice to the voiceless. The recent conflict in the Middle East has not only exposed the harsh realities faced by the Palestinians but also highlighted the evolving role of social media in shaping global opinions. The Unheard Voices of Palestine: A Cry for Justice As violence escalated, Palestinian voices struggled to be heard amidst a media landscape seemingly biased against them. The article delves into how mainstream Western media outlets inadvertently became mouthpieces for one side, prompting a surge in social media activism. Social Media as the Unfiltered Truth The narrative unfolds, revealing the dichotomy between mainstream media and the unfiltered truth found on social media platforms. Gripping accounts, poignant images, and raw emotions flooded these platforms, contrasting starkly with the restrained coverage from major news outlet...
Post a Comment
Read more