Pharmaceuticals, drugs: Sales tax structure restored ISLAMABAD: The government restored the sales tax structure on drugs and pharmaceuticals on July 1st, 2022 position... Updated 10 Jun, 2023 08:50am
Print Finance Bill 2023: Rate of GST on e-integrated textile retailers up 3pc ISLAMABAD: The government has enhanced the rate of sales tax on electronically-integrated textile retailers from the... Updated 10 Jun, 2023 08:49am
Print Additional advances to IT ITeS: 20pc concessionary tax rate on banks’ income proposed KARACHI: The federal government has proposed concessionary tax rate for banks income from additional advances to... Updated 10 Jun, 2023 08:51am
Print Trade leaders give mixed response KARACHI/LAHORE: Irfan Iqbal Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry... Updated 10 Jun, 2023 08:49am
Print PTI rejects budget ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday said that Ishaq Dar gave an “Instagramable budget with filters... Updated 10 Jun, 2023 08:52am
Print Rs97.098bn earmarked for education affairs, services ISLAMABAD: The government has earmarked Rs97.098 billion for education affairs and services in the federal budget... Updated 10 Jun, 2023 08:44am
Business & Finance Budget termed ‘neutral’ for stock market KARACHI: Based on initial analysis, the Federal Budget FY24 announced by the Finance Minister Ishaq Dar on Friday is... Published 10 Jun, 2023 05:01am
Print SALIENT FEATURES GUIDING PRINCIPLES: No increase of duties on import of essential items Trade facilitation and ease of doing... Published 10 Jun, 2023 05:01am
Pakistan Finance Bill laid before Senate amidst opposition’s protest ISLAMABAD: Amidst strong protest of the opposition, Finance Minister Ishaq Dar, Friday, moved a copy of the Finance... Published 10 Jun, 2023 05:01am
Business & Finance Federal Budget: PBF sees no ‘serious efforts’ for economic revival KARACHI: Pakistan Business Forum (PBF) says the federal government has done ‘too little, too late’ in terms of... Published 10 Jun, 2023 05:01am
Pakistan Govt employees stage demo for raise in salaries ISLAMABAD: Government employees on Friday staged a protest demonstration demanding an increase in their salaries. ... Published 10 Jun, 2023 05:01am
Business & Finance NOTES ON CLAUSES Clause 3(1)? Seeks to amend section 2 (s) to enable Pakistan Customs ... Published 10 Jun, 2023 05:01am
Pakistan Riba: JI says Dar has failed to keep his word ISLAMABAD: Jamaat-e-Islami (JI) Pakistan Chief Sirajul Haq, Friday, criticising the federal budget 2023-24, ... Published 10 Jun, 2023 05:01am
Business & Finance Budget FY2023-24 Present Economic Position of Pakistan In Pakistan we give undue importance to the annual budget and spend months... Published 10 Jun, 2023 05:01am
Pakistan Rs1bn earmarked for health insurance of journalists ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb on Friday said that the federal government... Published 10 Jun, 2023 05:01am
Editorials The Budget EDITORIAL: The federal finance minister, Ishaq Dar, while presenting the budget for fiscal year 2023-24 yesterday... Published 10 Jun, 2023 05:01am
Opinion IMF versus vote politics In political science, economic voting is a theoretical perspective which argues that voter behavior is heavily... Updated 10 Jun, 2023 05:46am
Pakistan Rs24.2bn earmarked for health ministry ISLAMABAD: The government has earmarked a total Rs24.2 billion for the Ministry of National Health Services and... Published 10 Jun, 2023 05:01am
Technology IT sector: Budget brings in huge incentives ISLAMABAD: The government has announced huge incentives for Information Technology (IT) Sector, IT exports and IT... Published 10 Jun, 2023 05:01am
Business & Finance Budget ‘disappoints’ small traders KARACHI: Small traders on Friday called the federal fiscal budget 2023-23 ‘disappointing’, saying that no end to... Published 10 Jun, 2023 05:01am
Business & Finance KCCI terms budget as ‘balanced one’ KARACHI: Karachi Chambers of Commerce and Industry (KCCI) has termed the proposed budget for the fiscal year 2023-24... Published 10 Jun, 2023 05:01am
Business & Finance KP business community rejects federal budget PESHAWAR: Business community of Khyber Pakhtunkhwa termed the budget for financial year 2023-24 presented by the... Published 10 Jun, 2023 05:01am
Business & Finance Non-resident person: FBR expands scope of definition of ‘Permanent Establishment’ ISLAMABAD: The Federal Board of Revenue (FBR) has expanded the scope of definition of Permanent Establishment in... Published 10 Jun, 2023 05:01am
Business & Finance ST exemption: Units in NMDs get one-year extension ISLAMABAD: The government has extended the sales tax exemption to newly-merged districts (NMDs) (FATA/ PATA) for... Published 10 Jun, 2023 05:01am
Business & Finance Expert and industry views on federal budget KARACHI: Pakistan presented its federal budget for the next fiscal year, one of four measures the International... Published 10 Jun, 2023 05:01am
Print PML(N)-led coalition govt struggles to strike a delicate balance between outright populism & fiscal discipline Dar presents Rs14.5trn budget Budget closely watched by IMF 3.5% economic growth target set Fiscal deficit target set at 6.54% of GDP Govt targets inflation at 21% Total spending target of 14.46 trillion rupees set Defence expenditure estimated at 1.8 trillion rupees Targets total tax revenue of 9.2 trillion rupees Targets total non-tax revenue of 3 trillion rupees $30 billion export target set No new tax on industrial sector Published 10 Jun, 2023 05:00am
Print Rs7.302trn will be spent on debt servicing ISLAMABAD: The country will spend around Rs 7.302 trillion on debt servicing including interest payments and... Published 10 Jun, 2023 04:49am
Print Rs696bn budgeted from IMF ISLAMABAD: The government has budgeted Rs 696 billion from the International Monetary Fund (IMF) for next fiscal... Published 10 Jun, 2023 04:45am
Print Subsidies raised to Rs1.074trn ISLAMABAD: The federal government has budgeted an increase in subsidies by 62 percent, ie, from Rs 664 billion in... Published 10 Jun, 2023 04:42am
Print RDs on wide range of items abolished ISLAMABAD: The Federal Board of Revenue (FBR) has abolished regulatory duties on a wide range of items including... Published 10 Jun, 2023 04:39am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees