The Ministry of Law is supposed to issue rules after promulgation of an Ordinance known as Tax Laws Ordinance 2024
Size and duration of the upcoming bailout package will be worked out by IMF’s review mission
The SIMs will be blocked within the ongoing month, The News has learnt
The insurance sector is vital for managing risk and capital generation
The enquiry report states that the CCP has shed light on the profitability, cost structures, subsidies and their impact
GDP growth rate is projected to go up to 2.3 percent in FY25 while inflation would fall to 12.2 percent
A shopkeeper pictured at a grocery shop in a market in Karachi. — AFP/FileISLAMABAD: Pakistani researcher and scholar, Aftab Alam Khan, is a...
DRF released its seventh annual Cyber Harassment Helpline Report for 2023 on Thursday
The caretaker government had ratified the draft of FTA, including the Bilateral Investment Treaty
PIDE’s strategy called for a systemic overhaul to ensure economic progress and prosperity
Afghanistan & Central Asian countries are importing expensive sugar from India while due to low freight
Any arbitrary increase in urea prices by fertilizer companies can lead to higher costs for farmers, ultimately resulting in more expensive food...
The FBR has been fulfilling the IMF requirements on materialising the quarterly envisaged revenue collection target as well as issuing sales tax...
Sustainable Public Private Partnership Programme” with a total cost of US $500 million. The CDWP approved the first phase of the programme, valued...
Last year, huge quantities of steel from Iran was smuggled during Eid holidays
The FBR continues to register 30% growth in revenue collection as compared to the first nine months of the previous financial year
In the last three decades, the FBR had introduced different schemes for retailers but never succeeded in luring them into the tax net
The report said that inflation outlook for March 2024 was seen at a moderate level
Image of the FBR's building in Islamabad. — X/@FBRSpokesperson/FileISLAMABAD: The consortium of AJCL Private Limited and Authentix Inc, a US-based...
FBR has so far made revenue collection close to Rs850 billion till Friday
The government also revised upward the GDP growth figure of first quarter
The IMF’s executive board is likely to take up the matter after the IMF/World Bank Annual Spring Meeting
Ahsan Iqbal shared that the digital revolution currently under process in the global arena will completely revolutionize the world in the next 10...
A carbon tax reflecting the social cost of carbon is viewed as an essential policy tool to limit carbon emissions
This investment is expected to increase manifold after the second stage of CPEC
PM Shehbaz terms leading exporters and highest taxpayers as Pakistan's "heroes" and trendsetters for others
The PM conceded that every government in the last 76 years would have to share responsibility for collective failures and mistakes
The premier is also expected to announce some packages for tax officers in his speech
CCP received P TCL's pre-merger application on 29th Feb 2024, initially submitted with an incorrect fee
The highest tax-evasion exists in the Sales Tax, and as per some estimates, it could go up to Rs2.9 trillion on annual basis
The digital economy and demand for digital government services have been growing across the country
IsDB Regional Hub Turkiye Director Dr Walid Abdelwahab and Ministry of Economic Affairs Secretary Dr Kazim Niaz sign an agreement on March 22,...
Retailers will kick start registration from April 1, 2024 and then tax collection will take place from July 1, 2024
Cities where this scheme is launched included Karachi, Lahore, Islamabad, Rawalpindi, Quetta and Peshawar in the first phase
Government has sought $17.6 billion in the whole financial year 2023-24 through foreign loans and grants
IMF has also asked the FBR to progressively raise excises on domestically produced cars
As a result, many steel mills have shut down their operations and remaining are working at a small fraction of their capacities and many more are on...
The IMF highlighted four major areas for signing the upcoming medium-term bailout package for Pakistan’s struggling economy
Fund says Pakistan’s economic and financial position has improved in the months since the first review
US Ambassador Donald Blome paid a courtesy visit to Minister Aurangzeb to discuss important matters related to bilateral cooperation
This decision follows the rejection of twenty representations filed by the FBR challenging the FTO’s orders
The IMF has re-adjusted monthly revenue collection targets with the hope that the FBR will materialise its desired tax collection target
The IMF also asked the FBR for binding property developers to track and report all transfers prior to completion and registration of property titles
It is expected that Pakistan would make a formal request to the IMF for granting a fresh bailout package of over $8 billion
FBR has entered into an agreement with the Karandaaz Pakistan for the digitalisation of tax system
IMF wants improved fiscal federalism and proposed revision of the NFC Award
"This would be final review of SBA, and staff level agreement is expected after this appraisal," says finance ministry
