Fauji Cement’s earnings down to Rs1.77bn in January-March 2024 Fauji Cement’s profit-after-tax amounted to Rs1.77 billion, a decrease of 6%, during the third quarter of FY24 that... Published 23 Apr, 2024 03:29pm
Editorials Tax burden on industrial sector EDITORIAL: A report in this paper, explaining how 19-20 different federal and provincial taxes presently levied on... Published 22 Apr, 2024 04:39am
Print Global lender recommends tax policy reforms International Monetary Fund gives a set of recommendation Updated 16 Apr, 2024 09:15am
Business & Finance Transaction against a taxpayer: Authorities fail to establish re-characterization LAHORE: Tax authorities fail to establish re-characterization of a transaction against a taxpayer in the absence of... Published 05 Apr, 2024 04:50am
Business & Finance Tax defaulting vehicles: E&T Dept decides to take strict action LAHORE: The Excise and Taxation Department has decided to take strict action against tax defaulting vehicles,... Published 01 Apr, 2024 05:34am
Opinion Paradigm behind an ideal tax-to-GDP ratio One point of commonality in all twenty-three International Monetary Fund (IMF) programmes secured by Pakistan to ... Published 01 Apr, 2024 05:34am
Print Over 27,000 tax-related cases pending: Ord likely to reduce forums of appeals ISLAMABAD: The government is likely to promulgate a Presidential Ordinance to reduce forums of appeals to decide... Updated 31 Mar, 2024 09:47pm
Business & Finance Taxpayer disallowed input tax adjustment LAHORE: Sales tax authorities failed to disallow the input tax adjustment in the absence of proving adjustment... Published 31 Mar, 2024 02:53am
Business & Finance Tax officer passes assessment order beyond show-cause notice LAHORE: A tax officer passed an assessment order beyond the show-cause notice without confronting the same to the... Published 27 Mar, 2024 04:38am
Print Will new finance minister help arrest FBR’s revenue collection slide? ISLAMABAD: Tax experts have raised the question of whether the differences between the caretaker Finance Minister ... Updated 10 Mar, 2024 10:10am
Business & Finance Office of FTO: Business community briefed about mandate & performance KARACHI: Dr Asif Mahmood Jah, Federal Tax Ombudsman, has apprised the business community on the mandate and the... Published 29 Feb, 2024 04:41am
Business & Finance EU removes Bahamas, Seychelles from tax haven blacklist BRUSSELS: The EU removed the Bahamas, Seychelles and two other jurisdictions from its tax havens blacklist on... Published 21 Feb, 2024 05:29am
Markets Textile unit commits Rs1.4bn tax ‘fraud’ by ‘misusing’ EFS KARACHI: A textile unit, reportedly owned by political bigwigs, has committed around Rs 1.4 billion tax fraud by... Updated 21 Feb, 2024 11:15am
Business & Finance Tax authorities fail to encash expired bank guarantee as govt dues LAHORE: Tax authorities have failed to encash expired bank guarantee for recovery of government dues, said sources.... Published 16 Feb, 2024 06:02am
Business & Finance LCCI partners with ACCA Pakistan to establish dedicated tax clinic LAHORE: In a significant development aimed at enhancing tax awareness among the business community, the Lahore... Published 14 Feb, 2024 02:34am
Print Govt lacks space to pay pending ST refunds: FTO ISLAMABAD: Federal Tax Ombudsman (FTO) has analysed that the government has no fiscal space for making pending sales... Updated 28 Jan, 2024 04:51pm
Business & Finance Debt sustainability: Elevated gross financing needs constitute high risk: IMF ISLAMABAD: The International Monetary Fund (IMF) has said that elevated gross financing needs continue to pose high... Published 21 Jan, 2024 03:10am
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
Editorials Broadening tax net: will FBR win big? EDITORIAL: For years, FBR (Federal Board of Revenue) has tried and failed to expand the tax base, leading to an... Updated 05 Jan, 2024 12:02pm
Editorials ‘Progress moderately satisfactory’ EDITORIAL: The World Bank has evaluated the ‘Pakistan Raises Revenue project’ as moderately satisfactory. Three... Published 27 Dec, 2023 05:15am
Print Adjustment, refund of tax on rental value of property: SHC asks petitioners not to move pleas in next 4 weeks ISLAMABAD: The Sindh High Court (SHC) directed the petitioners not to move applications in the next four weeks... Updated 15 Dec, 2023 09:24am
Business & Finance Provincial revenue authorities’ approach to sales tax on services comes under criticism LAHORE: Provincial revenue authorities are considering salaries as part of service to charge sales tax on services... Published 12 Dec, 2023 05:28am
Opinion Real time access to info and data base Documentation of Economic transactions in Pakistan, The nature of documentation of Pakistan’s economic environment... Updated 11 Dec, 2023 06:59am
Business & Finance Tax credit regime for NPOs massively misused: FTO ISLAMABAD: The Federal Board of Revenue’s tax credit regime for Non-Profit Organisations (NPOs) has been massively... Published 05 Dec, 2023 03:01am
Opinion Tax on windfall income: Banking companies General, The Finance Act, 2023 introduced a new provision, Section (99D), in the Income Tax Ordinance 2001. Under... Updated 29 Nov, 2023 05:35am
Editorials DOC meeting: it’s not money for nothing EDITORIAL: A Donors Coordination Committee (DOC) meeting was convened by the Caretaker Finance Minister with... Published 24 Nov, 2023 05:29am
Business & Finance Foreign currency deals during 2021, 2022: FBR to impose 40pc additional tax on windfall profits of banks ISLAMABAD: The Federal Board of Revenue (FBR) will shortly issue a statutory regulatory order (SRO) to impose 40... Published 22 Nov, 2023 05:48am
World UK’s Hunt says won’t implement tax cuts that fuel inflation LONDON: British Finance Minister Jeremy Hunt said on Sunday he would not implement tax cuts that would push up... Published 19 Nov, 2023 05:17pm
Editorials Windfall tax levy faces prospect of litigation EDITORIAL: Windfall tax is defined as “a tax levied on an unforeseen or unexpectedly large profit, especially one... Published 18 Nov, 2023 06:03am
Business & Finance Windfall income of banks: SRO will be issued to impose 40pc additional tax ISLAMABAD: The Federal Board of Revenue (FBR) will issue a Statutory Regulatory Order (SRO) to impose 40 percent... Published 16 Nov, 2023 05:39am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?