The Federal Board of Revenue (FBR) has directed all the chief commissioners, Inland Revenue, to complete processing of the refunds claims before 20th April 2020 in view of the sensitivity of COVID19 relief package implementation, says a notification avail

Dr Hafiz A Pasha, a leading economist, has proposed an immediate withdrawal of tax exemptions to the Independent Power Producers (IPPs).

To meet the challenge of managing businesses amidst the coronavirus spread, leading insurance companies have started providing relaxation in premium contribution/payment. Also, some of them are offering added benefits on account of COVID-19 against the ac

Deadline for online integration of tier-1 retailers' point of sale (POS) with the computerized system of Federal Board of Revenue (FBR) is set to extend for the fourth time, said reliable sources in the FBR.

There is no room for additional taxation in the next budget as an additional taxation of Rs735 billion in the current budget has already ruined the economy, said renowned economist Dr Hafiz Pasha.

The housing sector will not be able to reap the true benefits of a relief package for the construction sector, as the amnesty of non-disclosure of investment has not been extended to the real estate as a whole, said tax experts.

Electricity demand may go down by 25-30 percent if the economic downturn and corona impact continues, said Pakistan Electric Power Company (PEPCO) sources.

The Federal Board of Revenue (FBR) has finalised the notification relating to incentives to the construction sector which is likely to be placed in the cabinet meeting on Tuesday (today) for a final approval, said official sources.

While the Punjab government is fully geared up to serve the construction sector, the Sindh government is expecting more from the federal government and the Federal Board of Revenue (FBR) before implementing the same.

Stamp duty contributes more than any other tax category in Rs18 billion tax relief announced by the government of Punjab. According to the official documents available with Business Recorder, the rate of stamp duty has been slashed heavily; incurring an i

The Federal Board of Revenue (FBR) can hold back 30 percent refund claims to deal with the problem of false claims and release its 70 percent immediately, said tax experts.

In order to mitigate the impact of COVID-19, the Punjab government has deferred Rs18 billion provincial taxes for three months. According to the provincial tax authorities, a notification to defer the taxes has been issued in line with the decision of cab

The Multan Electric Supply Company (Mepco) has refused to extend payment date of electricity bills to April 7, despite written directions by the Ministry of Energy issued last week.

The federal government can exercise the clause of force majeure against Independent Power Producers (IPPs) to pull the power sector out of pressure due to outbreak of COVID-19 in the country, said power sector experts.

Pakistan will touch the absolute water scarcity line by 2025 if population continues to grow at the present rate and continual stress on water resources remains unabated, said a research conducted by the Pakistan Council of Research in Water Resources (PC

Most of the branches of leading banks restricted the entry of customers on Tuesday from a minimum of two to a maximum five to the bank at a time as a precautionary measures against the spread of coronavirus in the country.

The evaluation report of Diamir Basha Dam (RBD) is contrary to Public Procurement Regulatory Authority (PPRA) and Pakistan Engineering Council (PEC) rules as no consultant of international repute for design review of the dam has been appointed before awar

The evaluation report of Diamir Basha Dam (RBD) is contrary to Public Procurement Regulatory Authority (PPRA) and Pakistan Engineering Council (PEC) rules as no consultant of international repute for design review of the dam has been appointed before awar

Waiving off the electricity bills of those earning Rs 25,000 per month or below due to the outbreak of coronavirus is not viable at all and the only possible way out is to delay the payment for certain period if someone comes with distress, said sources.

The 1960 Indus Waters Treaty (IWT) was never meant to be a Pakistan-friendly treaty, and amounted to a little more than the legalization of the theft of water by India that legally belongs to Pakistan.