Audit report for FY23 tax period: AGP objects to FBR’s increased reliance on WHTs ISLAMABAD: The Auditor General of Pakistan (AGP) has strongly objected that the Federal Board of Revenue (FBR) has... Published 17 May, 2024 05:50am
Editorials Taxation: maybe we need a rethink EDITORIAL: The IMF (International Monetary Fund) may ask the government to enhance the tax collection to reach 13... Published 13 May, 2024 06:08am
Business & Finance PAJCCI for simplification of tax collection procedure PESHAWAR: Coordinator Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Zia ul Haq Sarhadi has laid stress... Published 13 May, 2024 06:08am
Business & Finance FY25 budget: OICCI for allocating major portion of FBR resources towards broadening tax base ISLAMABAD: The Overseas Investors Chambers of Commerce and Industry (OICCI) has submitted recommendations for... Published 11 May, 2024 06:22am
Print IMF for taking agreed contingency revenue measures ISLAMABAD: The International Monetary Fund (IMF) has urged the Pakistani authorities to take agreed contingency... Updated 11 May, 2024 08:10pm
Business & Finance 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
Opinion The quest for recovery of Rs2.7 trillion revenue That the tax litigation system in Pakistan has long been afflicted by inordinate delays, bureaucratic hurdles, and a... Published 06 May, 2024 05:30am
Business & Finance Rs53bn short of target: Provisional collection stands at Rs654bn in April: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs654 billion in April 2024 against the... Published 01 May, 2024 04:14am
Print 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
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’