Finance bill: Bureaucracy can devise ‘zero tax’ regime Senate Standing Committee on Finance holds meeting under chairmanship of Senator Saleem Mandviwalla Updated 21 Jul, 2023 09:48am
Print Section 4C of Income Tax Ord will only have prospective effect: IHC ISLAMABAD: The Islamabad High Court (IHC) held that Section 4C of the Income Tax Ordinance, 2001 as read down, will... Updated 21 Jul, 2023 09:30am
Business & Finance Rural & urban properties: Introduction of uniform stamp duty in Punjab likely LAHORE: The Punjab government is planning to introduce uniform stamp duty and mutation fee rates for rural and urban... Published 18 Jul, 2023 05:51am
Print CCP analysis on SME sector: ‘Complex regulatory regime pushes up cost of doing business’ ISLAMABAD: The Competition Commission of Pakistan (CCP) has declared that the complex regulatory regime has created... Updated 16 Jul, 2023 09:22am
Business & Finance Khyber Tobacco asks FBR to implement T&T system ‘flawlessly’ ISLAMABAD: A leading national tobacco manufacturer has asked the Federal Board of Revenue (FBR) to implement the... Published 15 Jul, 2023 06:08am
Business & Finance FBR chairman holds E-Khuli Kachehri ISLAMABAD: In line with the government’s vision and as part of FBR’s drive to facilitate taxpayers, Chairman... Published 15 Jul, 2023 06:08am
Print Beverage sector: FBR kicks off process of implementing T&T system ISLAMABAD: The Federal Board of Revenue has started the process of implementing the Track and Trace (T&T) system... Updated 14 Jul, 2023 09:03am
Opinion Tax targets versus tax gap—I “…the FBR’s revenue target has been increased to Rs 9,415 billion, requiring a 31% increase over collection of... Updated 14 Jul, 2023 06:47am
Print SC says taxing statute should be strictly construed regardless ISLAMABAD: The Supreme Court held that a taxing statute should be construed strictly, even if the literal... Updated 12 Jul, 2023 08:48am
Opinion Retrospective tax on windfall income discourages corporatization—II Whereas, if we compare the Indian windfall tax/duty to the Pakistani windfall tax, it is clear that Section 99D is... Published 10 Jul, 2023 06:52am
Print Pharmaceutical sector granted major tax relief ISLAMABAD: The government has provided major tax relief to the pharmaceutical sector by allowing the reduced rate of... Updated 10 Jul, 2023 08:51am
Opinion Call a spade a spade The refrain from the Prime Minister’s office prior to 23 June 2023 that all International Monetary Fund (IMF)... Updated 10 Jul, 2023 07:31am
Editorials Fiscal imbalance EDITORIAL: The gap between the boom-and-bust cycle is contracting in Pakistan, indicated by the staff-level ... Published 10 Jul, 2023 06:52am
Print Restaurants/eateries: Credit/debit card payments allowed at reduced 5pc ST ISLAMABAD: The government has taken a significant documentation measure by allowing credit/debt card payments at a... Updated 10 Jul, 2023 08:57am
Print FBR issues tax expenditure report-2023: More exemptions, concessions given during 2021-22 ISLAMABAD: The Federal Board of Revenue (FBR) has given more sales tax exemptions, zero-rating and concessions to... Updated 08 Jul, 2023 09:02am
Editorials ‘Reliable, consistent’ tax regime EDITORIAL: Tax reforms, rather the need for them, is (understandably) all the rage these days, considering the... Published 08 Jul, 2023 06:20am
Opinion Unaddressed economic challenges The debate and anxiety throughout Pakistan in the aftermath of the stalled Extended Fund Facility (EFF) programme... Updated 07 Jul, 2023 05:59am
Opinion Retrospective tax on windfall income discourages corporatization—I A new Section 99D has been introduced in the Income Tax Ordinance 2001 (“ITO”) through the Finance Act 2023... Updated 07 Jul, 2023 06:10am
Business & Finance LCCI holds seminar on federal budget 2023-24 LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) held a significant seminar titled “Post Budget ... Published 07 Jul, 2023 05:24am
Opinion SBA won’t cut it Fine, it was the single biggest one-day jump in the stock market in 15 years. But is it really that unbelievable,... Updated 06 Jul, 2023 06:20am
Opinion Super tax and tax on bonus: misinterpretation of basic accounting–II Now, if the rationale, intention and equitability have to prevail, the following will be the answer: the tax super... Updated 06 Jul, 2023 06:24am
Editorials There’s need for forging ahead on own steam EDITORIAL: Rating agency Moody’s has warned that Pakistan’s liquidity risks remain high in spite of the... Updated 06 Jul, 2023 06:14am
Opinion Super tax and tax on bonus: misinterpretation of basic accounting—I In the Finance Act 2023 many amendments have been proposed. This article is restricted to two important measures... Published 05 Jul, 2023 06:00am
Opinion Kicking the can An IMF (International Monetary Fund) deal is finally done. This is good news as it has averted the growing concerns... Updated 03 Jul, 2023 07:58am
Print Tax on windfall profits: FBR to face legal complications ISLAMABAD: The Federal Board of Revenue (FBR) will face legal complications to collect new tax on windfall profits... Updated 03 Jul, 2023 08:59am
Business & Finance Sindh Revenue Board sees ‘record breaking collection’ in June June's revenue collection was Rs24 billion, taking total to Rs185 billion during 2022-23 Updated 01 Jul, 2023 08:58am
Print Number of income tax return filers crosses 4m mark ISLAMABAD: The latest number of income tax return filers as per the Active Taxpayers List (ATL) now stands at over 4... Updated 29 Jun, 2023 03:24pm
Business & Finance July-June (2022-23): Rs496bn shortfall in collection ISLAMABAD: Federal Board of Revenue (FBR) has provisionally collected Rs 7144 billion during July-June (2022-23)... Published 29 Jun, 2023 04:19am
Business & Finance Amendments enacted by Finance Act, 2023 vis-à-vis those proposed in Finance Bill 2023–II SALES TAX INCREASE IN RATE OF FURTHER TAX Published 29 Jun, 2023 04:19am
Business & Finance Business community leader urges IMF to unlock bailout KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian... Published 29 Jun, 2023 04:19am