Units in erstwhile tribal areas: Kitty to suffer Rs45bn loss due to one-year extension of exemption from duties, taxes ISLAMABAD: The one-year extension in exemption from duties and taxes for the erstwhile tribal areas would cause a... Published 19 Jun, 2023 06:55am
World India government direct tax collections rise 11% in April-June NEW DELHI: The Indian government said on Sunday that its net direct tax receipts rose 11% year-on-year to 3.80... Published 18 Jun, 2023 08:16pm
Print Expert says country would not default Ashfaq Tola says govt has not introduced any tax amnesty scheme in the budget and that any ambiguity related to such a scheme would be resolved before the International Monetary Fund (IMF) Updated 18 Jun, 2023 07:49pm
Print WHT deduction, monitoring: 34 banks declared SWAPS agents ISLAMABAD: The Federal Board of Revenue (FBR) has declared 34 banks as ‘SWAPS’ agents (withholding agents) for the... Updated 18 Jun, 2023 10:05am
Print Banks recording WHTs on real-time basis, FBR informs FTO ISLAMABAD: The Federal Board of Revenue (FBR) has informed the Federal Tax Ombudsman (FTO) that all bank branches... Updated 18 Jun, 2023 10:09am
Opinion Don’t take IMF seriously? “Alice in wonderland” is an all time classic and one of my favourite books. It is about the story of a ... Updated 17 Jun, 2023 07:08am
Opinion Elusive IMF bailout: the end of the road? The International Monetary Fund (IMF) and the country’s political situation are the two main issues that are... Updated 17 Jun, 2023 07:10am
Print FY2023-24 budget: Govt describes tax exemptions as growth ‘triggers’ Says it is sustainable path to provide employment and livelihood to common citizen Updated 17 Jun, 2023 09:00am
Print Bonus share, super tax: Senate panel rejects all sections of Finance Bill All deferred items of Customs Act were accepted after due deliberation Updated 17 Jun, 2023 12:37pm
Print Response to MPs’ queries about IMF: Dar says ‘odd politics’ being played against country ISLAMABAD: Finance Minister Ishaq Dar on Friday said odd politics is being played against Pakistan, in response to... Updated 17 Jun, 2023 08:59am
Business & Finance NA told: Tobacco sector tax evasion touches Rs240bn mark ISLAMABAD: The parliamentarians were informed during the National Assembly session that the tax evasion in the... Published 16 Jun, 2023 06:27am
Print Cigarettes, juices: FED reduction likely ISLAMABAD: In an unexpected move, the amended Finance Bill 2023 to be announced on June 23 is expected to decrease... Updated 16 Jun, 2023 08:59am
Editorials Ambitious Sindh budget EDITORIAL: Sindh Chief Minister Syed Murad Ali Shah presented an ambitious Rs 2.2 trillion provincial budget for... Published 15 Jun, 2023 06:03am
Opinion 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 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
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
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
Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost
Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost
Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost