How deduction for bad debt can be allowed? LAHORE: No taxpayer can seek a deduction for a debt as bad debt unless it is treated in the books and accounts as ... Published 31 May, 2023 03:56am
Print Tax liability of non-filers: Govt mulling giving NADRA new teeth ISLAMABAD: The government is reviewing the powers of the National Database and Registration Authority (NADRA) in the... Updated 31 May, 2023 09:00am
Print Filing of wealth statement: RRMC urges MoF to abolish requirement ISLAMABAD: The Reforms and Revenue Mobilization Commission (RRMC) has recommended the Ministry of Finance to abolish... Updated 31 May, 2023 09:01am
Print Shortage of goods, plant closures: IMF identifies import curbs as the real culprits Says financial framework underlying policies agreed with the authorities is included in staff report to be released upon IMF Executive Board’s approval of ninth review Updated 31 May, 2023 11:25am
Print PM explains govt’s approach to FY24 budget ISLAMABAD: Prime Minister Shehbaz Sharif has directed to finalise the proposals forwarded by the industrial sector... Updated 31 May, 2023 08:54am
Print Monthly update: Inflation to remain on upward trajectory: MoF ISLAMABAD: Inflation to remain on a higher trajectory despite monetary tightening primarily due to rupee... Updated 31 May, 2023 08:53am
Business & Finance Cases of telecom operators: No maladministration committed by FBR during implementation of ADRC’s recommendations: FTO ISLAMABAD: The Federal Tax Ombudsman (FTO) has observed that no maladministration has been committed by the Federal... Published 31 May, 2023 03:56am
Business & Finance FBR directed to ensure bug-free system for POS lucky draws ISLAMABAD: The Federal Tax Ombudsman (FTO) has strictly directed the Federal Board of Revenue (FBR) to ensure... Published 30 May, 2023 03:37am
Pakistan Mishandling three imported vehicles: President directs FBR to apologise, make payment to citizen ISLAMABAD: President Dr Arif Alvi has directed the Federal Board of Revenue (FBR) to apologise and make payment to a... Published 30 May, 2023 03:37am
Business & Finance Budget proposals submitted to CM: Sindh govt should plan expenditures as per revenue estimates: PBF KARACHI: The Sindh Chapter of the Pakistan Business Forum (PBF) has demanded that it would have been much better if... Published 30 May, 2023 03:37am
Print KE seeks amendments to tax laws ISLAMABAD: K-Electric (KE) has sought amendments in tax laws including income tax, minimum turnover, payment of... Updated 30 May, 2023 09:22am
Print Builders, developers: Govt may extend tax incentives ISLAMABAD: The government is likely to give tax incentives to builders and developers in the budget (2023-24) to... Updated 30 May, 2023 09:25am
Print Benami assets: FBR may be empowered to invoke Sec 111 of IT Ord ISLAMABAD: The government is likely to empower the Federal Board of Revenue (FBR) to invoke Section 111 (unexplained... Updated 30 May, 2023 09:27am
Business & Finance Jazz adds Rs99 service charge for Corporate (B2B) customers ISLAMABAD: The cellular company--Jazz has added Rs99 - a service charge for its Corporate (Business to Business)... Published 30 May, 2023 03:37am
Pakistan Govt and people‘Increased tobacco taxation is a win-win situation’: speakers ISLAMABAD: Increased tobacco taxation is a win-win situation for the government and people of Pakistan provided that... Published 29 May, 2023 04:27am
Print SRO on ‘records of beneficial owners’ irks PBC ISLAMABAD: The Pakistan Business Council (PBC) has expressed serious concern over the Federal Board of Revenue’s... Updated 29 May, 2023 08:54am
Business & Finance FBR urged to address errors, omissions thru finance bill ISLAMABAD: Tax experts have urged the Federal Board of Revenue (FBR) to correct the errors and omissions of earlier... Published 29 May, 2023 04:27am
Pakistan Fake, flying invoices: DI&I IR Karachi arrests two suspects KARACHI: The Directorate Intelligence and Investigation (DI&I), Inland Revenue (IR), Karachi, has apprehended ... Published 28 May, 2023 03:34am
Print Business bank account opening: RRMC for making NTN mandatory ISLAMABAD: The Reforms & Revenue Mobilisation Commission (RRMC) has recommended that the National Tax Number... Updated 28 May, 2023 10:00am
Print Income tax: Govt likely to introduce e-assessment scheme ISLAMABAD: The government is likely to introduce an electronic-assessment scheme in the budget (2023-24) to conduct... Updated 28 May, 2023 09:58am
Business & Finance Goods/passenger transport vehicles: RRMC recommends one-time/ transactional advance tax ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended a one-time/transactional advance... Published 27 May, 2023 06:09am
Print RRMC advocates extending income tax exemption to REITs ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended the government to extend the... Updated 27 May, 2023 08:54am
Business & Finance Fake, flying invoices: I&I-IR Hyderabad apprehends prominent individual HYDERABAD: In a landmark development, on the instructions of worthy Director General of Directorate Intelligence... Published 27 May, 2023 06:09am
Opinion Paradigm shift in tax policy ‘The impact of economic growth on the lives of people is partly a matter of income distribution, but it also... Published 26 May, 2023 06:48am
Editorials Political will only way to boost tax base EDITORIAL: Ironically, tax-to-GDP ratio is below 10 percent in Pakistan, well below the level required for any... Published 26 May, 2023 06:48am
Print FY24 budget: RRMC recommends cashless purchases at petrol pumps ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended that petrol stations across the... Updated 26 May, 2023 12:53pm
Print Budget proposals by PBA: FBR urged to gradually reduce tax rate for banks KARACHI: Pakistan Banks Association (PBA), demanding a level playing field, has proposed to the Federal Board of... Updated 26 May, 2023 08:52am
Print Decline in production: Tobacco industry accused of declaring misleading statistics ISLAMABAD: The tobacco industry is declaring misleading statistics about the decline in the declared production of... Updated 26 May, 2023 08:50am
Business & Finance Tax base boost task: RRMC recommends deployment of at least 30pc of FBR workforce ISLAMABAD: The Reforms and Revenue Mobilisation Commission (RRMC) has strongly recommended the Federal Board of... Published 26 May, 2023 06:48am
Editorials Tax targets for FY24 EDITORIAL: Chairman Federal Board of Revenue, Asim Ahmed, while talking exclusively to Business Recorder, subsequent... Updated 25 May, 2023 07:04am
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’