FBR’s target slashed but overall fiscal deficit and primary surplus remained unchanged for current fiscal year
FBR on Wednesday issued updated version of Sales Tax Act 1990 and FED 2005 up to June 30, 2024 approved by parliament
She even visited Regional Taxpayer Office many times to inform about death of Dr Pervez Tahir and closure of his tax account
FBR has been undertaking spadework to place a foolproof mechanism to dispatch tax notices to those who are tax dodgers in real sense
PTCL sent out message by stating that following an increase in several businesses cost
Commerce ministry was directed to explore public private partnership model for Pak Expo company
There is provision of commercial fair value determined by FBR in case of each city
Smart motorcycles have fleet management software capabilities that include accident alerts, anti-theft features, and location tracking
Only 27 countries in the world, mostly in sub-Saharan Africa, have growth rates higher than Pakistan’s
While executing development projects, PD&Sl Division and concerned should ensure implementation of provisions contained under Chapter-III of Public...
IMF had projected real GDP growth rate of 2 percent for last fiscal year ending June 30
The prime minister appreciated the finance team for securing the staff level agreement with the IMF
FBR has envisaged an annual collection of Rs50 billion from retailers scheme during the current fiscal year
Finance czar says talks on IMF bailout programme progressing positively, deal likely to be finalised by July end
This deal will only be possible if Pakistan can find a solution to avoid sanctions from the USA
It was stated in a World Bank’s Country Director letter to Federal Minister for Economic Affairs Ahad Cheema
FBR stated that trend of Tax-GDP Ratio remained in the range of 8.7 percent to 9.2 percent
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. —...
