Govt aims to collect Rs91bn thru GST, PL on POL products ISLAMABAD: The federal government may impose General Sales Tax (GST) on all petroleum products with effect from... Updated 27 Aug, 2022 09:47am
Print Contingency revenue steps agreed with IMF: Govt to impose 10.5pc GST on POL products in first phase Would take it to 17 percent if monthly revenue collection data showed signs of underperforming against the first quarter of fiscal year 2023 and subsequent targets Updated 26 Aug, 2022 09:47am
Print GST on IT services: FBR urged to remove ‘legal’ anomaly in Finance Act ISLAMABAD: The Federal Board of Revenue (FBR) should remove the ‘legal’ anomaly in the Finance Act 2022 whether... Updated 19 Aug, 2022 09:38am
Opinion Will low oil prices sustain? New price of gasoline is 230.24 Rs/liter (7.44% decrease) and diesel’s is 236 Rs/L (14.66% decrease). Gasoline’s... Published 27 Jul, 2022 05:23am
Business & Finance Import of Active Pharmaceutical Ingredients: DRAP certification mandatory for paying 1pc tax Tax on drugs registered under the Drugs Act, 1976 applicable at reduced rate Updated 23 Jul, 2022 12:22pm
Opinion Oil price rise There are two recent and important developments that are worth discussion. Firstly, petrol prices were increased on... Published 13 Jul, 2022 05:48am
Print FBR: cost of GST exemption 49.9pc of tax expenditure Larger share of exemptions has been granted at import stage Updated 13 Jul, 2022 09:16am
Opinion Economy: daunting challenges Since assuming power the coalition government of Pakistan Democratic Movement (PDM) has been facing multiple... Published 08 Jul, 2022 05:36am
Business & Finance ‘Higher taxation on LPG may trigger ecological disaster’ ISLAMABAD: Higher taxation on LPG, once termed ‘poor man’s fuel’ is likely to suppress its demand in the... Published 06 Jul, 2022 05:35am
Business & Finance GST, IT and export rebate: FBR has paid off pending claims: Miftah ISLAMABAD: Finance Minister Miftah Ismail Thursday said that the Federal Board of Revenue (FBR) has paid all... Published 01 Jul, 2022 06:13am
Opinion Budget 2022-23 – Amended In our previous article (BR: 13- 6-2022) we had examined Budget 2022-23 from the point of view of the IMF... Published 29 Jun, 2022 05:44am
Print Steel sector: Amended finance bill may restore turnover tax adjustment ISLAMABAD: The amended Finance Bill 2022 is likely to restore adjustment facility of turnover tax for the documented... Updated 23 Jun, 2022 10:01am
Markets ‘Govt may save $2.1bn forex annually if 50MMCFD gas allocated to CNG sector’ ISLAMABAD: “Federal government may save foreign remittance of approximately $ 2.1 billion per annum along with a ... Published 08 Jun, 2022 06:19am
Opinion Fuel price hike and role of media Benjamin Disraeli had put it aptly: “lies, damned lies, and statistics”. Media is using ‘statistics’ to... Published 06 Jun, 2022 05:57am
Business & Finance ‘Removal of 17pc GST will reduce price of solar systems by 30pc’ LAHORE: Removal of 17 percent General Sales Tax (GST) would reduce the price of solar systems by 30%, said energy... Updated 24 May, 2022 09:28pm
Business & Finance PYPA urges govt to impose GST on API ISLAMABAD: The Pakistan Young Pharmacist Association (PYPA) while appreciating the government’s decision of ... Published 24 May, 2022 05:35am
Business & Finance GST concession on tractors: Farmers not happy with new SRO ISLAMABAD: The country’s farming community has strongly reacted to the government decision for not extending GST... Published 16 May, 2022 06:36am
Business & Finance Steel sector: IREN empowered to detect GST evasion ISLAMABAD: The Federal Board of Revenue (FBR) has empowered the Inland Revenue Enforcement Network (IREN) to check... Published 27 Apr, 2022 05:19am
Print Finance Bill, 2022: GST exemption to diplomats, privileged class may be restored ISLAMABAD: The government may restore sales tax exemption to diplomats, diplomatic missions, and privileged persons... Updated 26 Apr, 2022 10:18am
Print Govt likely to curb fuel subsidies ISLAMABAD: Present government may withdraw the subsidy on petrol entirely by raising its price by Rs 21 per litre... Updated 24 Apr, 2022 09:09am
Business & Finance Medicine production: PPMA urges PM to withdraw 17pc tax on raw materials ISLAMABAD: The Pakistan Pharmaceutical Manufacturers’ Association (PPMA) has urged Prime Minister Shehbaz Sharif ... Published 14 Apr, 2022 04:55am
Print GST on seeds likely to be removed ISLAMABAD: The government is likely to remove General Sales Tax (GST) on seeds aimed at minimizing cost of ... Updated 23 Mar, 2022 09:54am
Opinion The costs of inaction The political temperature is heating up. In the quest for survival, the tough economic decisions are kept on the... Published 14 Mar, 2022 07:01am
Markets ‘Substantial’ raise likely in petroleum products’ prices ISLAMABAD: The federal government may announce a substantial raise in petroleum products prices up to Rs5.59 per... Updated 26 Feb, 2022 10:30am
Editorials To control inflation and help the vulnerable EDITORIAL: The Khan administration’s overarching objective to help the poor and vulnerable cannot be faulted and... Published 23 Feb, 2022 04:54am
Opinion First leverage then renegotiation The Khan administration maintains that a change in government will not reverse the rise in price of any single item... Published 21 Feb, 2022 07:25am
Print FCA for Jan: Govt mulling hiking power tariff by Rs6.1/unit ISLAMABAD: Following the highest-ever increase in petroleum prices effective February 16, the Government has ... Updated 20 Feb, 2022 09:02am
Print GST on supplies: Charity hospitals suffer big setback ISLAMABAD: Hospitals in Pakistan, especially those running on donations/charities have suffered the big setback due... Updated 18 Feb, 2022 09:56am
Pakistan Shielding from high oil prices: Govt losing Rs70bn a month, says Shaukat Tarin Finance minister says premier keenly exploring options for public's relief Published 17 Feb, 2022 08:17pm
Print Prices of petroleum products hit all-time high New ex-depot price of petrol is Rs 159.86 from Rs 147.83 per litre Updated 16 Feb, 2022 10:47am