A senior officer of the Islamabad Electric Supply Company (IESCO) committed suicide after he was dropped from promotion by the PEPCO Promotion Board. According to reliable sources, Raja Nasir Abbas, Superintending Engineer in IESCO, committed suicide on 8

New taxation and tariff hike have halted revival of closed industrial units, expansion of present setups and new investments, according to power sector experts. They also noted that partially operating units have also come to a halt. They said that provis

The five exporting sectors circles have urged the Federal Board of Revenue (FBR) to formalize informal trade in domestic commerce as only 50 percent of domestic commerce is being fed by the local industry and remaining 50 percent is the share of informal

The federal government has violated NEPRA Act by delaying in issuance of tariff notification for distribution companies, causing concerns amongst consumers especially the industrial consumers for their inability to take a decision on fresh investments.

Retailers have proposed the government to exclude the shops measuring up to 4,000 square feet from the definition of tier-1 retailers till the time when majority of whole sellers and distributors got registration under Sales Tax Act, 1990. By virtue of su

Tax experts have termed sharing of details of accounts by the banks with the Federal Board of Revenue (FBR) as a significant development, saying that tracing out the actual owners of the accounts would be helpful in detecting benami transactions.

Tax experts proposed Monday that the law/refund rules need to be appropriately amended to provide for refund with the filing of monthly sales tax return as the export data/evidence is readily available with the customs authorities.

Pakistan People's Party (PPP) Chairman Bilawal Bhutto-Zardari said on Satu-rday that judiciary is being pressurised and attacks on judiciary are being made under a conspiracy. He said there would no difference in dictatorship and democracy if institutions

Pakistan People's Party (PPP) Chairman Bilawal Bhutto-Zardari said on Satu-rday that judiciary is being pressurised and attacks on judiciary are being made under a conspiracy. He said there would no difference in dictatorship and democracy if institutions

The second session of Post Budget Conference 2019 held at a local hotel, which covered the topic of indirect taxation with main speaker Asim Zulfiqar Ali, FCA. Rana Muhammad Usman Khan moderated the session while the panelists included Naeem Akhtar Sheikh

In a major break from the past, the Punjab government has adopted an aggressive resource mobilization strategy for next financial year. Revenue mobilization measures proposed in the budget include proposal for revision in the rates of land based Agricultu

In a major break from the past, the Punjab government has adopted an aggressive resource mobilization strategy for next financial year. Revenue mobilization measures proposed in the budget include proposal for revision in the rates of land based Agricultu

The Punjab government has presented Rs350 billion Annual Development Programme (ADP) for the financial year 2019-20 as a key policy instrument to execute the development vision, meet policy objectives and achieve development targets set by the government.

The focal person of assets declaration scheme at the Corporate Regional Tax Office (CRTO) Lahore, Jamshaid Fakhri Dahir, said on Wednesday that he was receiving more queries about the scheme comparing with the last amnesty scheme announced by the PML-N go

Wholesalers, distributors and retailers have expressed their disappointment with the approach of newly-appointed Chairman Federal Board of Revenue (FBR) Syed Shabbar Zaidi, saying that he was making no sincere efforts in rationalizing taxes despite having

The federal government is set to ponder over the possibility of withdrawal of the zero-rating regime from five exporting industries in order to ensure over Rs 50 billion sales tax on domestic sales, said sources. They said the federal finance minister Abd

Member Customs (Operations) Dr Jawwad Uwais Agha has concluded marathon sessions with Chief Collector and Collectors of the Central Region (Lahore Appraisement & Preventive, Faisalabad and Multan) of Pakistan Customs to analyze the performance in terms of

The National Electric Power Regulatory Authority (Nepra) has violated its own rules while considering the requests of quarterly adjustments of distribution companies (Discos) on account of variation in Power Purchase Price (PPP) for the quarter July to Se

The power sector experts have objected to a petition of Central Power Purchase Agency-Guarantee (CPPA-G) for determination of its Market Operation Fee for the fiscal year 2018-19, saying that the revenue requirement of Rs 960.55 million of CPPA-G for the

The industry circles have taken a sigh of relief, as for the first time over the last 10 years there was zero loadshedding on independent feeders at the advent of Ramazan. According to spokesperson of Power Division, demand for electricity stood at 19967