Tax burdens and fiscal discipline After an inflation-ridden Fiscal Year 2023-24 (“FY24”), wherein the average inflation for the FY24 was 23.4%,... Published 04 Sep, 2024 07:06am
Editorials Traders’ opposition to Tajir Dost Scheme EDITORIAL: Traders’ opposition to registration and payment of advance tax based on the location of their business,... Published 30 Aug, 2024 06:52am
Print Over 58,000 traders registered against 3.2m target Monthly tax payments from traders to start from this month Updated 13 Aug, 2024 11:41am
Editorials Govt required to take belt-tightening steps EDITORIAL: The government is to begin a legislative process this month designed to initiate implementation of... Updated 07 Aug, 2024 06:15am
Opinion Thoughts on the provincial budgets Khyber Pakhtunkhwa (KPK) budget was announced on 25 May, two and a half weeks before the federal budget was ... Updated 15 Jul, 2024 08:14am
Business & Finance Finance Act 2024: FBR SROs to cause business closures: LCCI LAHORE: The Lahore Chamber of Commerce and Industry has urged the government to address the concerns of business... Published 06 Jul, 2024 06:48am
BR Research Petroleum Levy: What is the plan? Contrary to expectations, built no less by the government in the Budget, petroleum prices for the first fortnight of... Published 02 Jul, 2024 08:06am
Pakistan ‘Foreign gifts not for sale’: Govt directs ministries to submit undertaking ISLAMABAD: The government has directed all ministries to submit undertaking that duties and taxes free goods... Updated 02 Jul, 2024 09:07am
Pakistan President gives his assent to Finance Bill 2024 ISLAMABAD: President Asif Ali Zardari has accorded his approval to Finance Bill 2024 on the advice of the Prime... Published 01 Jul, 2024 07:01am
Business & Finance Petrol price hiked by Rs7.45, diesel’s by Rs9.56 ISLAMABAD: The federal government on Sunday announced a substantial raise in ex-depot rates of all petroleum ... Published 01 Jul, 2024 07:01am
Business & Finance AMENDMENTS ENACTED BY FINANCE ACT, 2024: VIS-À-VIS THOSE PROPOSED IN FINANCE BILL, 2024 The Federal Government presented Finance Bill, 2024 (‘FB’) in the National Assembly on June 12, 2024. After debate... Published 01 Jul, 2024 07:01am
Print New taxation steps come into effect today Government enforces new taxation measures of Rs1.761 trillion Updated 01 Jul, 2024 09:23am
Editorials New taxation steps create a kind of tunnel vision EDITORIAL: The government is desperate to increase its tax revenues to meet the International Monetary Fund (IMF)... Published 01 Jul, 2024 07:01am
Business & Finance President Zardari gives assent to Finance Bill The Finance Bill will take effect on July 1, 2024, according to a press release from the President's Secretariat Updated 30 Jun, 2024 10:28pm
Print Tax rebate restored ISLAMABAD: The amended Finance Bill 2024 has restored 25 percent tax rebate available to the full-time teachers or... Updated 30 Jun, 2024 11:32am
Business & Finance Transfer of appeals to ATIR: December 31, 2024 is the deadline ISLAMABAD: The Federal Board of Revenue (FBR) has extended time period up to December 31, 2024 for transfer of the... Published 30 Jun, 2024 02:58am
Print Petrol, HSD and HOBC: Govt amends raise in PL to Rs70 against Rs60 limit ISLAMABAD: The federal government has amended the increase in petroleum levy to Rs70 per litre on petrol and... Updated 29 Jun, 2024 03:00pm
Print Additional taxation steps taken thru amendments to Finance Bill Surcharge shall be payable by every individual and association of persons at the rate of 10 percent of the income tax imposed under Division-I of Part-I of the First Schedule where the taxable income exceeds Rs10 million Updated 29 Jun, 2024 07:43pm
Print Tax fraudsters to face jail ISLAMABAD: Persons involved in tax frauds would face imprisonment up to five years (tax evaded amount less than Rs 1... Updated 29 Jun, 2024 02:21pm
Business & Finance FBR to set up ‘tax fraud probe wing’ ISLAMABAD: The Federal Board of Revenue (FBR) has decided to establish a Tax Fraud Investigation Wing-Inland Revenue... Published 29 Jun, 2024 06:40am
Print Budget approved by NA ahead of fresh IMF loan The approved budget includes several amendments from the original proposal presented on June 12 Updated 29 Jun, 2024 02:13pm
Print New levy: Taxable profits of builders, developers fixed ISLAMABAD: The Federal Board of Revenue (FBR) has fixed minimum profits of builders and developers for collecting a... Updated 29 Jun, 2024 02:14pm
Pakistan Govt passes tax-laden budget ahead of talks on fresh IMF loan Some amendments part of the final budget Updated 28 Jun, 2024 11:57pm
Pakistan Governor gives assent to Punjab Finance Bill 2024 LAHORE: Punjab Governor, Sardar Saleem Haider Khan Thursday assents the Punjab Finance Bill 2024. After the approval... Published 28 Jun, 2024 05:41am
Business & Finance OICCI says has identified ‘critical anomalies’ KARACHI: In a letter to the FBR Anomaly Committee, the Overseas Investors Chamber of Commerce and Industry (OICCI)... Updated 28 Jun, 2024 09:16am
Print Likely amendments in finance bill: Govt becomes flexible about non-filers Proposed amendments relate to non-filers, wealth statement, foreign assets, and withholding tax-related provisions Updated 28 Jun, 2024 09:54am
Print NA may approve budget today ISLAMABAD: The National Assembly Friday (June 28) is likely to approve Budget-2024-25 including The Finance Bill,... Updated 28 Jun, 2024 09:17am
Business & Finance IT industry: Higher taxation to give big boost to brain drain: FPCCI KARACHI: Atif Iqbal Sheikh, President FPCCI, has raise concerns over the recently announced federal budget 2024–25... Published 28 Jun, 2024 05:41am
Print FBR to impose sales tax on stationery items ISLAMABAD: Despite announcement of withdrawal of sales tax on stationery items, the amended Finance Bill 2024 would... Updated 27 Jun, 2024 11:32am
Business & Finance Govt urged to reconsider 25pc SAP expense disallowance policy ISLAMABAD: The proposal to disallow 25% Sales Promotion, Advertising and Publicity (SAP) expense under Finance Bill... Published 25 Jun, 2024 06:42am
