Dar explains what actually led to changes in budget Says for securing an agreement with the IMF, the government had to impose new taxes Updated 05 Aug, 2023 03:06pm
Print Working out new rates of immovable properties: On Dar’s directive, FBR to hold talks with realtors today ISLAMABAD: Finance Minister Ishaq Dar Friday directed the Federal Board of Revenue (FBR) to immediately convene a... Updated 05 Aug, 2023 03:08pm
Print Finance bill: Bureaucracy can devise ‘zero tax’ regime Senate Standing Committee on Finance holds meeting under chairmanship of Senator Saleem Mandviwalla Updated 21 Jul, 2023 09:48am
Opinion Retrospective tax on windfall income discourages corporatization—I A new Section 99D has been introduced in the Income Tax Ordinance 2001 (“ITO”) through the Finance Act 2023... Updated 07 Jul, 2023 06:10am
Opinion Super tax and tax on bonus: misinterpretation of basic accounting—I In the Finance Act 2023 many amendments have been proposed. This article is restricted to two important measures... Published 05 Jul, 2023 06:00am
Editorials IMF: We have to pay the price we deserve to pay EDITORIAL: While specific details of precisely what are the prior conditions that the government has agreed to in ... Updated 04 Jul, 2023 05:45am
Print Erstwhile tribal areas: Tax, duty exemption extended by one year ISLAMABAD: The government has granted one-year extension in exemption from duties and taxes for the erstwhile tribal... Updated 03 Jul, 2023 08:55am
Print Shares transactions of listed cos: Procedure of capital gain on disposal of securities to remain applicable ISLAMABAD: The procedure of capital gain on disposal of securities will remain applicable on transactions of shares... Updated 29 Jun, 2023 03:25pm
Business & Finance Amendments enacted by Finance Act, 2023 vis-à-vis those proposed in Finance Bill 2023–II SALES TAX INCREASE IN RATE OF FURTHER TAX Published 29 Jun, 2023 04:19am
Print ‘Tax on Deemed Income basis’ on immovable properties: Exemption only for persons appearing on Active Taxpayers’ List ISLAMABAD: The exemption from payment of “Tax on Deemed Income basis” on immovable properties would only be... Updated 28 Jun, 2023 09:00am
Business & Finance Amendments enacted by Finance Act, 2023 vis-à-vis those proposed in Finance Bill 2023–I The Federal Government presented Finance Bill, 2023(‘FB’) in the National Assembly on June 9, 2023. After the... Published 28 Jun, 2023 06:31am
Print PL: Hike may not be levied in one go Ministry of Finance officials say concern at this time was creating sufficient fiscal space that would satisfy the IMF Updated 28 Jun, 2023 01:06pm
Business & Finance Erstwhile tribal areas: One-year extension in exemption of taxes withdrawn ISLAMABAD: The Finance Act 2023 has withdrawn one-year extension in exemption from duties and taxes for the ... Published 28 Jun, 2023 06:31am
Business & Finance Islamabad Capital Territory: FBR to charge 15pc ST on electric power transmission services ISLAMABAD: The Federal Board of Revenue (FBR) will charge 15 percent sales tax on Electric Power Transmission... Published 28 Jun, 2023 06:31am
Markets FBR’s tax collection hits Rs7tr, says Dar The Federal Board of Revenue (FBR) has collected Rs7 trillion in tax revenue till June 26, said Finance Minister... Updated 27 Jun, 2023 05:40pm
Pakistan Sanjrani signs finance and election bills into law ISLAMABAD: Acting President Sadiq Sanjrani, on Monday, signed the Finance Bill, 2023 and the Elections (Amendment)... Published 27 Jun, 2023 06:15am
Business & Finance Duties and taxes for erstwhile tribal areas: One-year extension in exemption withdrawn ISLAMABAD: Finance Act 2023 has withdrawn one-year extension in exemption from duties and taxes for the erstwhile... Published 27 Jun, 2023 06:15am
Business & Finance Comments on changes in Finance Bill 2023 General These notes provide comments on the changes proposed in the Finance Bill 2023 by the Finance Minister. This... Published 27 Jun, 2023 06:15am
Business & Finance Budget 2023-24: ‘high earners’ to pay a higher income tax as govt revises rates Budget proposals originally maintained income tax rates before govt amended the Finance Bill Updated 26 Jun, 2023 06:40pm
Print Advance tax on registration of vehicles above 2000cc hiked ISLAMABAD: The government has increased the advance income tax on the registration of vehicles above 2000cc under... Updated 26 Jun, 2023 12:53pm
Print FBR issues increased income tax slabs for salaried class ISLAMABAD: The new income tax slabs for the salaried class under the amended Finance Bill 2023 revealed that higher... Updated 26 Jun, 2023 09:17am
Print Supplies made to unregistered persons: Rate of ‘Further Sales Tax’ increased to 4pc ISLAMABAD: In a major move to document unregistered sales tax persons, the Federal Board of Revenue (FBR) has... Updated 26 Jun, 2023 09:22am
Business & Finance The Foreign Investment (Promotion and Protection) Act, 2022: Investors and shareholders granted income tax exemption ISLAMABAD: The government has given full protection to the income tax exemption granted to the investors and... Updated 26 Jun, 2023 09:13am
Print Amended finance bill sails through NA: Key steps taken to keep IMF in good humour Revenue target of Federal Board of Revenue goes up from Rs9.2 trillion to Rs9.415 trillion Updated 26 Jun, 2023 12:52pm
Business & Finance New condition imposed on sellers of properties ISLAMABAD: The government has imposed a major condition on the sellers or transferors of immovable properties to... Published 26 Jun, 2023 06:38am
Business & Finance Fruit juice industry rejects 20pc FED ISLAMABAD: The fruit juices industry has out rightly rejected 20 percent federal excise duty (FED) in amended ... Published 26 Jun, 2023 06:38am
Pakistan National Assembly approves IMF-aligned budget FY24 Revised budget imposes additional taxes of Rs215 billion and cuts expenditures by Rs85 billion Updated 25 Jun, 2023 10:42pm
Print Finance Bill: NA discusses Senate suggestions ISLAMABAD: The recommendations made by the Senate on Finance Bill, 2023-24 were presented in the National Assembly... Updated 22 Jun, 2023 08:52am
Business & Finance Cigarettes: Rs364bn can be generated by maintaining enhanced FED slabs Islamabad: The government can generate around Rs 364 billion from the tobacco sector in 2023-24 by maintaining the... Published 21 Jun, 2023 05:21am
Business & Finance FPCCI chief speaks about various budget ‘anomalies’ KARACHI: President Federation of Pakistan Chambers of Commerce and Industry (FPPCI) Irfan Iqbal Sheikh has said ... Published 18 Jun, 2023 06:07am
PIA privatisation: Blue World City refuses to match PC’s ‘minimum expectation’ of Rs85.03bn, sticks to Rs10bn offer
PIA privatisation: Blue World City refuses to match PC’s ‘minimum expectation’ of Rs85.03bn, sticks to Rs10bn offer