Multiplicity of taxes heavily burdening industrial sector Claim by the manufacturing sector is that while their share in Gross Domestic Product (GDP) is 20 percent yet their contribution in taxes is over 60 percent Updated 15 Apr, 2024 09:41pm
Business & Finance HCSTSI lauds PM for introducing ‘blue passport’ & ‘honorary card’ HYDERABAD: Muhammad Farooq Shaikhani, President Hyderabad Chamber of Small Traders & Small Industry (HCSTSI),... Published 05 Apr, 2024 04:50am
Business & Finance Enhancement of tax-to-GDP ratio: ‘Govt should curtail tax evasion, illicit trade in major sectors’ LAHORE: “The government could enhance the tax-to-GDP ratio, increase tax collection and reduce the budget deficit... Published 30 Mar, 2024 08:03am
Print March collection target too missed by FBR ISLAMABAD: The Federal Board of Revenue (FBR) has consecutively missed monthly tax collection targets during last... Updated 30 Mar, 2024 09:43am
Pakistan PM Shehbaz says macroeconomic stability, growth priority of govt Prime Minister Shehbaz Sharif on Tuesday said his government’s top priority is to ensure macroeconomic stability and... Updated 26 Mar, 2024 06:32pm
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
Editorials E-commerce underbelly EDITORIAL: Nearly six years after the introduction of the much-hyped Device Identification, Registration and ... Published 19 Mar, 2024 04:53am
Print Digitization of tax system top priority: finance minister ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb on Wednesday conveyed to the Federal Board of... Updated 14 Mar, 2024 08:47am
Print Jewellery sector: ECC forms body to prepare viable plan The inter-ministerial committee will also prepare viable plan for enhancement of tax collection Updated 26 Feb, 2024 10:11am
Pakistan KP govt launches GIS-based CUIPTMIS PESHAWAR: The Khyber Pakhtunkhwa government has successfully launched GIS-based Centralized Urban Immovable Property... Published 19 Feb, 2024 05:24am
Business & Finance FBR suffers Rs9bn shortfall in January ISLAMABAD: The Federal Board of Revenue (FBR) has suffered a shortfall of Rs9 billion during January 2024, as the... Published 01 Feb, 2024 04:52am
Business & Finance Steel re-rolling mills: Tax authorities ignoring special procedure for tax collection? LAHORE: Tax authorities are accused of ignoring amendments to the sales tax law devising special procedure for steel... Published 27 Jan, 2024 06:20am
Editorials Harassment in tax collection EDITORIAL: In a very welcome development, the Lahore High Court (LHC) has directed the Federal Board of Revenue ... Published 22 Jan, 2024 05:37am
Print Revamp ‘fait accompli’, Shamshad tells FBR managers ISLAMABAD: After a marathon meeting with the Federal Board of Revenue (FBR) officials at the FBR House on Friday,... Updated 20 Jan, 2024 05:31pm
Opinion FBR needs to look beyond the salaried class to grow tax collection Budgets seem to be all about providing largesse to the poor and incentives to the industry while reiterating the... Published 16 Jan, 2024 05:44am
Opinion An anatomy of economic clichés/mantras of 2023—II It would not be out of place to state that a smaller group of economists in the community in these forums also... Published 14 Jan, 2024 03:13am
Business & Finance LTO crosses Rs1trn mark in six months KARACHI: The Large Taxpayers Office (LTO) has set a new benchmark for tax collection by crossing Rs 1 trillion mark... Published 04 Jan, 2024 05:41am
Print Dec 2023: SRB achieves Rs21.3bn tax collection KARACHI: The Sindh Revenue Board (SRB) has announced a record tax collection of Rs 21.3 billion for December 2023,... Updated 02 Jan, 2024 08:35am
Business & Finance Jul-Dec tax collection: FBR surpasses target The Federal Board of Revenue creates history by collecting Rs1,021 billion in December Updated 01 Jan, 2024 09:39am
Print SBA: MoF says commitments being fulfilled Spokesman for the Finance Division says the arrangement was evident from the successful completion of the first review of the Staff Level Agreement Updated 24 Dec, 2023 06:49pm
Opinion Non-disclosures & underperformance Ever year Federal Board of Revenue (FBR) as Revenue Division of Ministry of Finance (MoF), issues data relating to... Published 22 Dec, 2023 05:22am
Business & Finance Concern voiced over new taxation ‘proposal’ KARACHI: The proposal for doubling tax collection from business individuals and salaried person will hurt the middle... Published 17 Dec, 2023 03:01am
Print Rs940bn target for Dec: FBR chief starts meetings to review progress KARACHI: The Federal Board of Revenue (FBR) is likely to struggle hitting its revenue target of Rs. 940 billion for... Updated 13 Dec, 2023 08:50am
Business & Finance Sindh E&T dept collects over Rs58.91bn KARACHI: Sindh Excise and Taxation (E&T) department has collected over Rs 58.91 billion. The information was... Published 07 Dec, 2023 04:35am
Business & Finance Faulty procedure of issuing show-cause notice: Sales tax dept misses tax collection opportunity LAHORE: The sales tax department missed the opportunity for tax collection because of a faulty procedure of issuing ... Published 07 Dec, 2023 04:35am
Print Economic growth has to be backed by structural reforms: Shamshad ISLAMABAD: Caretaker Federal Minister for Finance Dr Shamshad Akhtar has said political and economic instability... Updated 24 Nov, 2023 09:44am
Print Efforts afoot to plug revenue leakage, PM told ISLAMABAD: The Federal Board of Revenue (FBR), Monday, informed caretaker Prime Minister Anwaar ul Haq Kakar that... Updated 14 Nov, 2023 08:45am
Print Technical parleys between IMF, FBR continue: Revenue boost main focus ISLAMABAD: The technical-level talks between the International Monetary Fund (IMF) and the Federal Board of Revenue... Updated 10 Nov, 2023 09:40am
Print FBR shares collection data with IMF ISLAMABAD: The Federal Board of Revenue (FBR) Friday shared tax-wise data of revenue collection with the... Updated 04 Nov, 2023 04:06pm
Print Higher markup payments will continue to pose big challenges: MoF ISLAMABAD: The higher markup payments, on the expenditure side, will continue to pose significant challenges for... Updated 01 Nov, 2023 09:59am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn