This is a time of deep introspection Pakistan is spiraling into abject poverty and is slipping further into the abyss. The World Bank (WB) reports that... Published 14 Jun, 2023 06:21am
Business & Finance OICCI’s survey highlights decline in business confidence KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) has shared the results of a comprehensive... Updated 14 Jun, 2023 08:59am
Print Increase in foreign remittance limit may stoke money-laundering: SECP ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has expressed serious apprehension that the... Updated 14 Jun, 2023 08:58am
Opinion The economy in FY2023-24 The economic prospects for Pakistan in 2023-24 have been presented in the Annual Plan prepared by the Planning... Published 13 Jun, 2023 06:00am
Business & Finance Businessmen concerned at proposed tax on windfall gains profits ISLAMABAD: Leading business associations, Monday, unanimously raised their voice against the budgetary measure of... Updated 13 Jun, 2023 06:22am
Business & Finance Changes in FBR’s tax expenditure may affect provincial revenues ISLAMABAD: The changes made in the cost of tax exemptions by the Federal Board of Revenue (FBR) may have an impact ... Published 12 Jun, 2023 06:26am
Print Tax expenditures constitute 36.43pc of FBR tax collection? ISLAMABAD: The tax expenditures remained 36.43 percent of the total Federal Board of Revenue (FBR) tax collection in... Updated 12 Jun, 2023 08:43am
Print Sugar import: Cut in tax rates amongst reasons behind huge income tax exemptions cost ISLAMABAD: The reduction in tax rates including withholding tax on the import of sugar is one of the reasons for... Updated 12 Jun, 2023 08:43am
Business & Finance Comments on FY2023-24 Budget The Finance Bill 2023 did not bring any substantial change in the tax policy as all major revenue measures are aimed... Updated 12 Jun, 2023 06:46am
Business & Finance APTPMA chief hails budget FAISALABAD: Federal budget 2023-24 is a ‘balanced budget’, nevertheless, there is enough room for improvement... Published 12 Jun, 2023 06:26am
Markets Post-budget press conference: Dar looks to pacify concerns Says 'rescheduling domestic debt at present is foolishness' Updated 10 Jun, 2023 07:37pm
Print Additional tax on income profit, gains imposed Federal Board of Revenue includes a new section “99D” (Additional tax on certain income, profits and gains) in the Income Tax Ordinance 2001 Updated 10 Jun, 2023 08:56am
Print Additional advances to IT ITeS: 20pc concessionary tax rate on banks’ income proposed KARACHI: The federal government has proposed concessionary tax rate for banks income from additional advances to... Updated 10 Jun, 2023 08:51am
Print Pharmaceuticals, drugs: Sales tax structure restored ISLAMABAD: The government restored the sales tax structure on drugs and pharmaceuticals on July 1st, 2022 position... Updated 10 Jun, 2023 08:50am
Print Trade leaders give mixed response KARACHI/LAHORE: Irfan Iqbal Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry... Updated 10 Jun, 2023 08:49am
Business & Finance WHT system in banking sector: FTO unearths systemic gaps, loopholes ISLAMABAD: The Federal Tax Ombudsman (FTO) has unearthed systemic gaps and loopholes in the prevalent withholding ... Published 10 Jun, 2023 05:01am
Business & Finance Market view: how will the budget impact businesses? Flanked alongside his coalition partners, Finance Minister Ishaq Dar on Friday announced the budget for the fiscal... Published 10 Jun, 2023 12:03am
Opinion Budget-2023-24: Yet another ritualistic exercise Majority of the Pakistanis are going to be dejected after hearing the second budget of the outgoing alliance... Updated 09 Jun, 2023 07:00am
Editorials NEC decisions EDITORIAL: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal, while briefing the media... Published 08 Jun, 2023 06:30am
Print FBR expresses reservations at PD’s policy guideline ISLAMABAD: The Federal Board of Revenue (FBR) has reportedly expressed reservations at Petroleum Division’s policy... Updated 07 Jun, 2023 08:55am
Print Sales tax zero-rating on supply of dairy products to continue ISLAMABAD: The sales tax zero-rating on local supplies of dairy products including milk/fat filled milk would remain... Updated 07 Jun, 2023 09:10am
Opinion Budget strategy for FY2023-24 The budget for 2023-24 will be presented by the federal government in the Parliament in the next few days. There has... Published 06 Jun, 2023 05:33am
Print Inter-company dividends: Govt may provide relief from multiple taxation ISLAMABAD: The government is likely to provide relief from multiple taxes on inter-company dividends in the coming... Updated 06 Jun, 2023 08:45am
Editorials ‘Plan B’! EDITORIAL: Federal Finance Minister Ishaq Dar’s repeated claim that the Ministry of Finance has a ‘Plan B’ in... Updated 06 Jun, 2023 06:01am
Business & Finance PAFLA demands govt abolish tax on freelancers KARACHI: Pakistan Freelancers Association (PAFLA) has asked the federal government to remove tax on the income of... Published 06 Jun, 2023 05:33am
Pakistan Stipulation in agreement cannot override plain meaning of a provision of law, says law ministry ISLAMABAD: Ministry of Law and Justice has held that stipulation in an agreement cannot override the plain meaning ... Published 05 Jun, 2023 03:27am
Business & Finance Sindh Revenue Board collects Rs18bn in May, up 28.2% YoY During the first 11 months (July-May), SRB collected Rs161.3 billion Published 01 Jun, 2023 03:05pm
Opinion Paradigm shift in tax policy ‘The impact of economic growth on the lives of people is partly a matter of income distribution, but it also... Published 26 May, 2023 06:48am
Business & Finance Tax base boost task: RRMC recommends deployment of at least 30pc of FBR workforce ISLAMABAD: The Reforms and Revenue Mobilisation Commission (RRMC) has strongly recommended the Federal Board of... Published 26 May, 2023 06:48am
Editorials Political will only way to boost tax base EDITORIAL: Ironically, tax-to-GDP ratio is below 10 percent in Pakistan, well below the level required for any... Published 26 May, 2023 06:48am