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
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 ST dept accused of violating limitation period with FBR’s approval LAHORE: The sales tax department is violating the limitation period of five years for issuing show cause notices to... Published 16 Feb, 2023 06:08am
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
Print FED on cigarettes doubled ISLAMABAD: The government has started the implementation of the mini-budget late Tuesday night by doubling the... Updated 15 Feb, 2023 08:58am
Print FTO orders FBR to initiate probe into ‘tractor fraud’ ISLAMABAD: The Federal Tax Ombudsman (FTO) has issued an order in favour of poor growers/ farmers community of Sindh... Updated 13 Feb, 2023 09:19am
Print Presidential directives: FBR to give explanation to FTO ISLAMABAD: On the directions of President Arif Alvi, the Federal Board of Revenue (FBR) is bound to give an... Updated 13 Feb, 2023 09:07am
Pakistan Reprocessing waste transformer oil: Tax notices withdrawn against Pakistan Wapda Foundation LAHORE: The Federal Board of Revenue (FBR) has withdrawn notices of excise duty and sales tax against Pakistan Wapda... Published 12 Feb, 2023 03:56am
Business & Finance Refund systems of FASTER: FTO recommends FBR to develop adequate safeguards ISLAMABAD: Federal Tax Ombudsman (FTO) has strongly recommended the Federal Board of Revenue (FBR) to conduct... Published 11 Feb, 2023 05:57am
Print New taxation measures of nearly Rs300bn finalised ISLAMABAD: The Federal Board of Revenue (FBR) has finalised proposals for new taxation measures of nearly Rs 300... Updated 10 Feb, 2023 08:55am
Print First six months: Fiscal deficit swells to 2pc of GDP ISLAMABAD: Fiscal deficit has been recorded at two per cent of the GDP or Rs1,683 billion during the first six ... Updated 09 Feb, 2023 08:41am
Print Rs650bn collection likely: 1pc hike in ST thru ordinance on the cards ISLAMABAD: The Federal Board of Revenue (FBR) has estimated to collect Rs650 billion during Feb-June (2022-23) by... Updated 08 Feb, 2023 09:08am
Editorials A reminder of the flaws in economic policies EDITORIAL: Match the rise in taxes to a cut in government expenditure is a cry gathering momentum not only amongst... Published 01 Feb, 2023 05:58am
Print IMF conditionalities: Govt raises fuel prices in a gesture of compliance ISLAMABAD: The government has announced to increase the prices of petroleum products by Rs 35 (petrol, diesel) and... Updated 30 Jan, 2023 09:27am
Business & Finance RTO continues operations against tax evaders PESHAWAR: Regional Tax Office (RTO) Peshawar’s, Federal Board of Revenue (FBR) mobile squad has continued... Published 30 Jan, 2023 05:56am
Print Govt may exempt solar equipment from all taxes ISLAMABAD: The government is likely to exempt solar equipment from all taxes aimed at achieving the target of 10,000... Updated 27 Jan, 2023 09:04am
Print Rs300bn taxation measures thru Ord on the way FBR drafts proposals of new taxation measures to be enforced through the promulgation of the Tax Laws Amendments Ordinance, 2023 Updated 26 Jan, 2023 09:49am
Business & Finance POL products: additional Rs76bn revenue can be generated thru PL maximization to Rs50 per litre ISLAMABAD: The government has projected to collect Rs 76 billion additional revenue if it maximizes the petroleum... Updated 25 Jan, 2023 08:56am
Business & Finance Cement manufacturers: Implementation of track-and-trace system delayed ISLAMABAD: The implementation of the track and trace system at the cement manufacturers has been delayed for the ... Published 24 Jan, 2023 07:09am
Pakistan RTO Peshawar intensifies operations against sales tax evaders PESHAWAR: The Chief Commissioner Inland Revenue, Regional Tax Office, Peshawar, Aqeel Ahmad Siddiqui has directed ... Published 23 Jan, 2023 05:57am
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
Print Sales tax calculation: Not fixing minimum value of sugar to affect FBR revenue ISLAMABAD: The Federal Board of Revenue (FBR)’s decision of not fixing the minimum value on the supply of sugar ... Updated 21 Jan, 2023 08:52am
Business & Finance FTO directs LTO Karachi to refund extra ST paid on vehicles to BOP ISLAMABAD: To facilitate car buyers, the Federal Tax Ombudsman (FTO) has directed the Large Taxpayer Office (LTO)... Published 20 Jan, 2023 07:50am
Print New tax raising steps under consideration Proposed measures include increase in rates of withholding taxes, more indirect taxation, three percent flood levy on imports, and tax on banks’ foreign exchange income Updated 18 Jan, 2023 12:40pm
Print State revenue: FTO directs FBR to implement effective mechanism ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to implement an effective... Updated 18 Jan, 2023 08:44am
Print Rs550bn tax gap largely falls in five sectors: FBR ISLAMABAD: The huge sales tax gap of Rs 550 billion largely falls in food, beverages, tobacco, textile, wholesale... Updated 15 Jan, 2023 03:16pm
Markets Oil prices may be kept unchanged ISLAMABAD: Based on the existing petroleum levy (PL) and general sales tax (GST) on petroleum products, an estimated... Published 14 Jan, 2023 06:22am
Business & Finance PHMA calls for PM’s intervention over SBP’s restrictions LAHORE: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has lamented that the import restriction ... Published 13 Jan, 2023 06:05am
Business & Finance FBR asks 81 big retailers to get integrated with POS ISLAMABAD: The Federal Board of Revenue (FBR) has directed 81 unregistered retailers (Tier-1) to integrate them with... Published 11 Jan, 2023 05:53am
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