Services by provinces: Jul-Mar GST collection soars 23pc to Rs353.223bn YoY ISLAMABAD: There has been an increase of 23 percent in the collection of sales tax on services (GST) by the ... Published 07 May, 2024 06:05am
Business & Finance More tax generation: CAP seeks adoption of digital payments in retail sector LAHORE: The Chainstore Association of Pakistan (CAP) has called on authorities to prioritize the adoption of digital... Published 03 May, 2024 06:29am
Editorials Unified GST collection proposed EDITORIAL: The World Bank has urged the government of Pakistan to merge various federal and provincial revenue... Published 15 Apr, 2024 03:56am
Print Provincial GST on franchise fee, air travel: FBR decides to expedite cases in high courts ISLAMABAD: The Federal Board of Revenue (FBR) has decided to expedite cases in high courts where taxpayers have... Updated 07 Apr, 2024 09:31am
Opinion Income, not consumption, taxes: Applying a ‘national income tax’ for a welfare state ‘The fundamental injustice of consumption taxes, relative to income taxes, is that the well-off can postpone them by... Updated 22 Mar, 2024 11:00am
Print Dealings with local consumers: IMF for GST registration of online digital platforms ISLAMABAD: The International Monetary Fund (IMF) has recommended sales tax registration of online digital platforms... Updated 21 Mar, 2024 08:44am
Opinion Time to revisit the NFC Award Notwithstanding the recent IMF demand to amend the existing NFC award, there is a longstanding need to address the... Published 19 Mar, 2024 04:53am
Business & Finance Petrol’s price remains unchanged ISLAMABAD: Federal government on Friday announced to keep the ex-depot price of petrol unchanged, and Rs 1.77 per... Updated 16 Mar, 2024 05:11pm
Business & Finance PAAPAM opposes proposed hike in ST on automobiles LAHORE: The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has voiced serious... Published 25 Feb, 2024 04:51am
Print Locally-made passenger cars: PAMA protests GST hike proposal by govt KARACHI: The Pakistan Automotive Manufacturers Association (PAMA) has strongly protested the government’s proposal... Updated 17 Feb, 2024 09:58am
Business & Finance Gang behind bogus GST invoices busted ISLAMABAD: The Directorate of Intelligence & Investigation (Inland Revenue), Islamabad has busted an organised... Published 15 Feb, 2024 05:39am
Print PRR project: World Bank accepts govt request ISLAMABAD: The World Bank has accepted the government’s request for the extension of the closing date and... Updated 11 Feb, 2024 09:30am
Print Petrol price likely to increase from Feb 1 ISLAMABAD: The interim government may raise the petrol price by Rs 8 to Rs 11 per litre with effect from February 1,... Updated 30 Jan, 2024 10:44am
Opinion FBR restructuring: a recipe for disaster–II Just to highlight the difficulties involved let’s look at critical requirements for broadening of the tax base and... Published 29 Jan, 2024 04:37am
Print Q1 GST collection by Sindh govt up 43pc to Rs48.298bn YoY ISLAMABAD: Sales tax on services (GST) collection by the Sindh government rose to Rs48.298 billion during the first... Updated 17 Dec, 2023 07:30pm
Business & Finance Govt slashes petrol price by Rs14, HSD’s by Rs13.50 ISLAMABAD: The caretaker government on Friday announced reduction in ex-depot prices of major petroleum products,... Published 16 Dec, 2023 05:49am
Business & Finance GST-registered persons: FBR body to evaluate applications for licenses ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a committee to evaluate applications for grant of... Published 15 Dec, 2023 03:12am
Print Q1: Provinces’ budget surplus dips 76pc YoY ISLAMABAD: The provinces have generated a budget surplus of Rs51.403 billion in the first quarter of the ongoing... Updated 09 Dec, 2023 04:34pm
Print 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
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees