Expert stresses need to increase tax-to-GDP ratio ISLAMABAD: The government’s decision to increase sales tax rate from 17 to 18 per cent is a temporary measure, as... Published 13 Mar, 2023 07:37am
Business & Finance FBR survey: Businesses find it difficult to file GST returns compared to IT returns ISLAMABAD: A survey of the business community conducted by the Federal Board of Revenue (FBR) revealed that... Published 11 Mar, 2023 03:16am
Pakistan USC providing subsidy on basic items ISLAMABAD: Utility Stores Corporation (USC) is providing special subsidy on basic items under the Prime Minister’s... Published 09 Mar, 2023 06:23am
Print 25pc ST on luxury goods’ import awaits cabinet’s nod ISLAMABAD: Federal Cabinet has yet not approved 25 percent sales tax on the import of hundreds of luxury items and... Updated 04 Mar, 2023 09:03am
Print Policy rate hiked by 300bps to 20pc to tame inflation KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday increased the key... Updated 03 Mar, 2023 08:53am
Print 25pc GST on luxury items: FBR will move a summary ISLAMABAD: The Federal Board of Revenue (FBR) will move a summary to the federal cabinet for imposing a higher rate... Updated 28 Feb, 2023 09:36am
Print First half of March: Fuel prices may be kept unchanged by adjusting PL ISLAMABAD: The federal government may keep the prices of fuel unchanged in the first half of March (1-15) by... Updated 28 Feb, 2023 09:35am
Business & Finance Rs170bn taxes apply to meet IMF conditions: President signs finance bill into law ISLAMABAD: President Arif Alvi Thursday signed the Finance (Supplementary) Bill, 2023, implementing additional taxes... Published 24 Feb, 2023 06:00am
Print Finance (Supplementary) Bill, 2023 adopted: NA acquiesces to IMF tax stipulation Finance Minister Ishaq Dar says bill proposed to minimise fiscal deficit Updated 21 Feb, 2023 12:01pm
Markets Prices of essential items witness sharp increase PESHAWAR: A steep increase in prices of live chicken/meat, pulses, black tea, vegetables, edible oil/ghee, sweet/... Published 20 Feb, 2023 06:53am
Editorials ‘Mini-budget’ EDITORIAL: The revenue measures as revealed in the ‘mini-budget’ were expected as Finance Minister Ishaq Dar had... Published 17 Feb, 2023 06:00am
Opinion IMF programme & reforms Pakistan, one of the major victims of climate change, is fighting alone to manage the damages caused due to... Published 17 Feb, 2023 06:00am
Opinion The Finance (Supplementary) Bill 2023: a comment General: The Finance Minister has laid Finance (Supplementary) Bill 2023 on the floor of the Parliament. (National... Published 17 Feb, 2023 06:00am
Business & Finance Meeting IMF conditions to further fuel inflation: analyst KARACHI: Chairman of the National Business Group Pakistan and President of Pakistan Businessmen and Intellectuals... Published 16 Feb, 2023 06:08am
Print Dar presents Rs170bn tax measures Blames previous government and last year’s devastating floods for the current economic situation Updated 16 Feb, 2023 09:00am
Print POL products’ prices jacked up ISLAMABAD: The federal government Wednesday increased the prices of petroleum products up to 8.8 percent with effect... Updated 16 Feb, 2023 08:57am
Print Big taxation measures taken through money bill Govt has dropped proposals to raise FED on imported and locally-manufactured cars and energy drinks Updated 16 Feb, 2023 10:48am
Business & Finance To be presented in parliament today: Cabinet approves Finance Supplementary Bill ISLAMABAD: A meeting of the Federal Cabinet has approved the Finance Supplementary Bill 2023 to be presented in the... Published 15 Feb, 2023 07:20am
Business & Finance LCs issue results in shortage of steel rebars ISLAMABAD: The country is facing severe shortage of steel rebars due to the delay in the opening of the Letters of... Published 14 Feb, 2023 05:58am
Print ‘Viable’ energy sector: PD fails to prepare plan ISLAMABAD: Power Division has reportedly failed to prepare a plan for a “viable” energy sector by steering the... Updated 14 Feb, 2023 08:58am
Business & Finance Reforms aimed at enhancing productivity can help economy grow sustainably, says World Bank ISLAMABAD: Pakistan’s economy can grow sustainably only if the country introduces productivity-enhancing reforms... Published 11 Feb, 2023 07:41am
Opinion FBR, IMF & revenue targets The federal budget for fiscal year (FY) 2022-23 assigned an ambitious target of Rs. 7.470trillion to the Federal... Published 10 Feb, 2023 03:56am
World India will not merge GST tax rates in 2023/24: government official India will not overhaul its Goods and Services Tax (GST) regime in the next fiscal year, a senior official said on... Published 06 Feb, 2023 04:36pm
Business & Finance BMP vows to resist IMF pressure to enhance GST to 18pc LAHORE: As the International Monetary Fund has been pushing the government to increase the general sales tax rate to... Published 06 Feb, 2023 06:20am
Editorials ‘Mini-budget’ revenue impact raised EDITORIAL: Informed sources have revealed exclusively to Business Recorder that the Ministry of Finance has ... Published 31 Jan, 2023 06:01am
Business & Finance PKR slide likely to fuel inflation in a big way ISLAMABAD: The depreciation of Pak rupee by 13.5 percent by Friday in the interbank rate will raise inflation to 35... Updated 30 Jan, 2023 09:26am
Print Single returns portal: Failure to make portal functional for GST officials irks World Bank ISLAMABAD: The World Bank (WB) has expressed concerns that the single returns portal has not yet become fully... Updated 23 Jan, 2023 09:19am
Business & Finance Telecom sector generates record Rs694bn revenues during FY 2021-22 ISLAMABAD: Telecom sector generated record revenues of Rs 694 billion during the financial year 2021-22 compared to... Published 10 Jan, 2023 06:00am
Print GST or duty on imported DAP fertilizer: Body to analyse proposal of industry ISLAMABAD: The government has constituted a committee to analyse a proposal of the domestic industry to impose... Updated 03 Jan, 2023 09:07am
Editorials Reluctant retailers EDITORIAL: Good luck to the Senate standing committee on finance as it tries to drag two million reluctant retailers... Published 02 Jan, 2023 05:54am