1H2022: NBP pre-tax profit soars 21pc to Rs33.9bn YoY KARACHI: The Board of Directors of National Bank of Pakistan “NBP” “the Bank” met on Wednesday to approve ... Published 19 Aug, 2022 05:57am
Print Zero pc GST on pharma inputs proposed: Cabinet may approve Ord to amend Finance Act by month-end ISLAMABAD: The federal cabinet is likely to approve the Presidential Ordinance to amend Finance Act 2022 by... Updated 18 Aug, 2022 09:34am
Business & Finance Half year ended June 30, 2022: ABL posts Rs20.118bn PBT KARACHI: Allied Bank (ABL) continued its focus towards enriched technological infrastructures and digitally-induced... Published 18 Aug, 2022 05:26am
Print Presidential Ordinance almost ready: New tax rates under FTS to be notified on Oct 1 ISLAMABAD: The upcoming Presidential Ordinance will notify new tax rates for trades under the fixed tax scheme (FTS)... Updated 11 Aug, 2022 09:49am
Business & Finance Move to streamline collections, deposits: FBR to introduce SWAPS to large WHT agents System will check practice of large withholding tax agents who are depositing withholding tax through a single receipt for multiple taxpayers Updated 26 Jul, 2022 12:00pm
Business & Finance Taxes on power bills ‘KE fully supports business community’ KARACHI: Following the reservations raised by the business community over the implementation of taxes introduced in... Published 25 Jul, 2022 06:12am
Print Edible oil, paper, other goods: WHT on imports made ‘minimum tax’ Under the Finance Act 2022, certain changes have been incorporated with regard to WHT on imports under section 148 of the Income Tax Ordinance 2001 Updated 24 Jul, 2022 03:38pm
Print GST payments in installments: FBR empowered to facilitate federal, provincial govts ISLAMABAD: The Federal Board of Revenue (FBR) has been empowered to grant permission to the federal and provincial... Updated 24 Jul, 2022 09:01am
Print Small retailers: fixed tax regime rationalized Tax amounts shall be doubled if name of retailer does not appear on Active Taxpayers List Updated 22 Jul, 2022 09:17am
Print Tax rate on income of banking firms enhanced Rises to 39% for tax year 2023 compared to 35% Updated 22 Jul, 2022 09:23am
Print Capital assets in Pakistan: Tax on ‘deemed income’ challenged in LHC LHC issues notice to Attorney General of Pakistan Updated 21 Jul, 2022 09:49am
Editorials IMF, Moody’s, Fitch: dire warnings EDITORIAL: Moody’s report on Pakistan refers to the continuing protracted negotiations with the International... Published 20 Jul, 2022 05:48am
Business & Finance Failure to function under SWAPS: FBR to impose huge penalties on withholding agents ISLAMABAD: The Federal Board of Revenue (FBR) will impose huge penalties/fines on withholding agents including... Published 17 Jul, 2022 05:19am
Print Traders propose major changes in Finance Act Call for reviewing concept of 'deemed rental income' on immovable properties Updated 14 Jul, 2022 12:28pm
Print Air travel FED reduced to Rs30,000 ISLAMABAD: To give relief to the rich/wealthy class, the government has decided to reduce the federal excise duty... Updated 06 Jul, 2022 09:33am
Opinion Exorbitant tax on formal sector to make the nation poorer The annual ritual of budget presentation was completed on June 29 with the passage of the Finance Act 2022 by the... Published 05 Jul, 2022 05:19am
Business & Finance Federal & Provincial Finance Acts, 2022: Comments Amendments enacted by Finance Act, 2022 vis-a-vis those proposed in Finance Bill, 2022 The Federal Government... Updated 04 Jul, 2022 10:43am
Print Diplomatic missions: FBR restores ST exemption ISLAMABAD: The government has retrospectively restored sales tax exemption on the import of goods by the United... Updated 04 Jul, 2022 09:39am
Print Pharma raw materials: No input tax adjustment after 1pc GST payment: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has denied input tax adjustment facility, from July 1, 2022, to the... Updated 03 Jul, 2022 09:27am
Business & Finance Capital assets: Tax on deemed income applicable to TY22, onwards ISLAMABAD: The Finance Act 2022 has clarified that the tax on deemed income would be applicable for Tax Year 2022... Updated 02 Jul, 2022 12:12pm
Pakistan Unregistered distributors ‘CNIC condition likely to encourage tax evasion’ KARACHI: The condition imposed through Finance Act 2022 to collect CNIC from unregistered distributors by... Published 01 Jul, 2022 06:13am
Pakistan President gives assent to Finance Act, 2022 ISLAMABAD: President Arif Alvi has given assent to the Finance Act, 2022, to enforce taxation and relief measures ... Published 01 Jul, 2022 06:13am
Business & Finance Punjab govt imposes no new tax under ST on services LAHORE: No new tax has been imposed by the Punjab government under the sales tax on services for the fiscal year... Published 16 Jun, 2022 07:10am
Business & Finance FPCCI chief says CNIC condition should be withdrawn KARACHI: President FPCCI Irfan Iqbal Sheikh has categorically demanded that CNIC condition should be withdrawn in ... Published 12 May, 2022 07:09am