Determine functions which are entirely provincial with no international obligation and without affecting common market principal
He termed digitalisation of taxation system government’s priority to prevent tax evasion worth billions of rupees
Under existing rules, multiple pensions are authorized to individuals in case of death of spouse/children and father if applicable
FBR placed 16 Inland Revenue officers and 11 officers of Customs group in the admin pool
Division has also opposed proposal for slapping a 3 percent penalty per year on early retirement
"We hope to culminate this process in the next three to four weeks," says state minister for revenue
FBR slapped two percent ADC on those items which were subject to zero percent duty
The FBR building can be seen in this image. — APP/FileISLAMABAD: The FBR has so far surpassed its revised annual tax collection target with the...
FM Aurangzeb says economy has achieved stability; PPP supports govt in passing budget
Retirement age of public servants did not increase under new policy as all powerful quarters had sternly opposed it
IMF has agreed on abolishing GST on textbooks, restoring rebates for professors/researchers, withdrawing FED on cement
Arif Habib said that the cabinet members called it a daylight robbery but the proposal for granting one-year extension was approved
However, Islamabad is all set to abolish ministries of devolved subjects in a phased manner
There are around 60,000 exporters and contributing around Rs90 billion to Rs100 billion to the national kitty
A representational image showing people in Parachinar celebrating passage of KP-FATA merger bill. — Ali Afzaal/Geo News/FileISLAMABAD: Steel,...
All the senators also agreed with the presentation and the FBR had zero logic
Senate Standing Committee on Finance rejected proposal to impose 18% sales tax on baby food and fortified child nutrition milk powders
It indicates that a fiscal gap of Rs448 billion has surfaced on the fiscal framework
FBR also intends to introduce a simplified scheme for retailers as Tajir Dost Scheme miserably failed
Programme will focus on longer-term policy actions to further improve national cash transfer program’s effectiveness
Chief commissioner IR LTO Lahore was directed to verify the content of a complaint
An electric car is being recharged at a charging station. — AFP FileISLAMABAD: While Senator Faisal Vawda disclosed that parliamentarians were...
OICCI offers full support in achieving the ambitious revenue target of Rs12.9 trillion in 2024-25
14 points need to be implemented to fix woes faced by country’s economy
FBR Tiwana said 18% GST had been proposed for packaged food items for next fiscal year, including pulses, rice and other items
Earlier, the finance minister used to chair ECNEC, but now PM Shehbaz Sharif would chair it
Information Minister Attaullah Tarar confirms reduction of Rs10.2 per litre in petrol price
Aurangzeb extended an apology if SIMs of anyone were blocked wrongly
A labourer bends over as he carries packs of textile fabric on his back to deliver to a nearby shop in a market in Karachi on June 24, 2022. —...
The new raise in taxes would fetch additional revenues of Rs3.8 trillion in line with the IMF demands
This photo shows a view of the ±660kV Matiari-Lahore high-voltage direct current transmission project under the China-Pakistan Economic Corridor ...
"There are no sacred cows, everyone will have to contribute to economy," says Aurangzeb while presenting economic survey
A customer buys rice at a wholesale shop in Karachi on June 8, 2023. — AFP ISLAMABAD: The Tax Reform Commission jointly constituted by the...
PM Shehbaz chairs NEC meeting ahead of federal budget 2024-25
Matter submitted to the Ministry of Information for approval through an investigation by a forensic agency to ascertain facts
IMF asked Pakistan to raise provincial taxes, especially on agriculture, sales tax on services and property tax
First meeting of NEC to be convened on June 10 with PM Shehbaz Sharif in the chair
One month has passed after issuing this official letter from KP’s Finance Department but so far there has been no compliance
Budget-makers are finalising projections for the external resource receipts for the next budget 2024-25
IMF has asked Islamabad to bring an upper threshold for SMEs in line with international standards
Balocshitan could utilize $6.97 million till May against allocated funds of $408 million for flood-related projects
A recent study by LUMS, titled “Impact of Taxation on Cigarette Sector in Pakistan”, has uncovered a issue that demands immediate impact of tax...
If Chinese IPPs concede, which seems quite hard, it could pave the way for a reduction in electricity per unit cost
In Pakistan, only packs of 10 cigarettes are allowed to be sold in the domestic market
Government is considering different proposals to bring real estate sector into tax net including raising tax rates for sellers and purchasers
FBR says that it has exceeded revenue target by collecting Rs 760 billion in May
Utilisation of the Public Sector Development Programme faced major cut
This single step, if conceded by the government, can yield Rs180 billion revenue in the next budget
Despite requests by Pakistan, Saudi Arabia has not yet resumed the oil facility on deferred payment
