Only photovoltaic cells exempted from sales tax: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that the exemption of sales tax previously available on... Updated 02 Dec, 2023 03:33pm
Business & Finance Meeting scheduled for December: World Bank board to consider for approval $350m RISE-II project ISLAMABAD: The World Bank’s Board of Executive Directors is scheduled to meet next month to consider for approval... Published 22 Nov, 2023 05:48am
Print Agri dues: MoF may deduct Rs45.6bn from Balochistan’s NFC share ISLAMABAD: Finance Ministry is likely to deduct Rs 45.6 billion from Balochistan’s NFC (National Finance Commission)... Updated 18 Nov, 2023 09:05am
Print Petrol price slashed by Rs2.04, HSD’s by Rs6.47 ISLAMABAD: Interim government on Wednesday announced a significant reduction in the ex-depot prices of petroleum... Updated 16 Nov, 2023 09:26am
Print Net-metering consumers: Discos asked to approach FBR for tax applicability issues ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has directed Power Distribution Companies (Discos)... Updated 06 Nov, 2023 09:17am
Business & Finance Towel exporters demand payment of sales tax refunds KARACHI: Syed Usman Ali, the Senior Vice Chairman of the Towel Manufacturers Association of Pakistan, has voiced... Updated 25 Oct, 2023 08:47am
Markets Oil price cut aimed at to meet levy target? ISLAMABAD: Petroleum Division announced a reduction in the price of petrol by Rs 40 per litre, a cut of 12 percent,... Published 19 Oct, 2023 05:10am
Print ERS or STARR system: Taxpayers allowed to file non-export-related GST refunds ISLAMABAD: The Federal Board of Revenue (FBR) has allowed taxpayers to file non-export-related sales tax refunds,... Updated 19 Oct, 2023 09:36am
Print GST evaded through flying invoices estimated at Rs5-6trn Use of fake/flying invoices to commit sales tax fraud increases after facilitation, automation and easy ways to get sales tax registrations Updated 22 Sep, 2023 10:00am
Business & Finance Speakers underscore need for abolishing distinction between filer and non-filer ISLAMABAD: The speakers at the Pakistan Institute of Development Economics (PIDE) conference on Sunday said that the... Published 11 Sep, 2023 07:21am
Opinion Sales tax blues Given rampant sales tax evasion and slowdown in consumer demand, the government is highly unlikely to meet its... Published 11 Sep, 2023 06:32am
Pakistan CAP opposes early closure of markets, proposes alternative measures LAHORE: The Chain stores in the country, while opposing the government’s decision of early closure of markets, has... Published 10 Sep, 2023 03:20am
Business & Finance PIDE conference ‘Govt relies heavily on indirect taxes resulting in overwhelming collective revenues’ ISLAMABAD: Economists at a roundtable conference organised by the Pakistan Institute of Development Economics (PIDE)... Published 08 Sep, 2023 06:01am
Print Govt hikes price of petrol by Rs14.91, HSD’s by Rs18.44 ISLAMABAD: The interim government on Friday hiked once again the prices of petroleum products up to Rs 18.44 per... Updated 01 Sep, 2023 08:43am
Opinion Doing away with GST on electricity? It is already happening what was expected. People have come out against rising electricity bills. Protests may... Published 30 Aug, 2023 03:33am
Business & Finance Workshop on taxation organised at CBD Punjab Complex LAHORE: In a bid to foster financial literacy and raise awareness about tax implications among its employees, Punjab... Published 24 Aug, 2023 06:22am
Print GPP for KP project: Implementation progress rated as satisfactory by World Bank ISLAMABAD: The World Bank has rated the overall implementation progress of the Governance and Policy Programme (GPP)... Updated 11 Aug, 2023 09:27am
Editorials Track-and-trace system loses its own track EDITORIAL: The tobacco manufacturing industry is the single largest contributor to the Federal Board of Revenue’s... Published 05 Aug, 2023 06:00am
Print Exporters trapped in GST refunds: TMA urges govt to restore SRO 1125(I)/2011 in true letter and spirit KARACHI: Senior Vice Chairman of the Towel Manufacturers Association of Pakistan Syed Usman Ali has expressed severe... Updated 04 Aug, 2023 09:56am
Business & Finance Govt hikes petrol and HSD prices, albeit ‘reluctantly’ ISLAMABAD: The coalition government of Pakistan Muslim League-Nawaz (PML-N) has allowed a significant raise of ... Published 02 Aug, 2023 06:47am
Print Goods under brand name, trademark: Bulk supplies chargeable to GST: FBR ISLAMABAD: The Federal Board of Revenue (FBR) will charge sales tax on bulk supplies of goods made under brand names... Updated 25 Jul, 2023 10:03am
Opinion Another hybrid body needed to widen the tax net The addition of Special Facilitation Investment Council (SFIC) to the already existing hybrid organization and... Updated 21 Jul, 2023 07:12am
Print CCP analysis on SME sector: ‘Complex regulatory regime pushes up cost of doing business’ ISLAMABAD: The Competition Commission of Pakistan (CCP) has declared that the complex regulatory regime has created... Updated 16 Jul, 2023 09:22am
Print GST on services: Rs235bn target set KARACHI: The Sindh government has set Rs 235 billion revenue collection target for sales tax on services for the ... Updated 11 Jun, 2023 08:09am
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 Power production, transmission and distribution: Centre’s powers of GST collection go to provinces ISLAMABAD: In a significant move, the government has transferred the Centre’s powers of collection of sales tax on... Published 10 Jun, 2023 04:31am
Business & Finance Telecom industry’s growth key to nation’s prosperity: Azfar KARACHI: Muhammad Azfar Ahsan, Founder & CEO Nutshell Group; former Minister of State & Chairman Board of... Published 09 Jun, 2023 06:20am
Business & Finance Cellular mobile sector: Factors behind slower growth identified ISLAMABAD: The economic slowdown and increased operational costs have resulted in slower growth of the cellular... Published 09 Jun, 2023 06:20am
Pakistan Govt urged to reduce GST on raw material for sanitary napkins ISLAMABAD: Mehnaz Akbar Aziz, member of the National Assembly (MNA) and chairperson for the Parliamentary Committee... Published 07 Jun, 2023 06:05am
Print Slow growth, rising inflation: SBP projects a double whammy for country Says demand management measures and floods in 2022 have weighed heavily on the country’s growth outlook for FY23 Updated 20 May, 2023 07:23pm