Palestinian Authority to pay reduced salaries as Israel blocks funds RAMALLAH: The Palestinian Authority said on Tuesday it will pay public sector workers 60% of their December salaries... Published 07 Feb, 2024 05:30am
Business & Finance Input tax adjustment time: ST Act doesn’t stipulate any condition or time limit LAHORE: The Sales Tax Act does not stipulate any condition or restriction of time for adjustment of the input tax... Published 06 Feb, 2024 05:00am
Print World Bank -funded ‘PRR’ project: one-year extension sought ISLAMABAD: The government has sought one-year extension in “Pakistan Raises Revenue (PRR)” project worth $400... Updated 06 Feb, 2024 09:06am
Business & Finance Provinces: H1FY24 sales tax collection on services increases by 23.44pc YoY ISLAMABAD: The sales tax on services collection by the provinces has increased by 23.44 percent during the first six... Updated 06 Feb, 2024 09:05am
Print Restructuring plan of FBR: Taxpayers should be inducted into Policy Board: PBC ISLAMABAD: Pakistan Business Council (PBC) has strongly recommended that the taxpayers (stakeholders) should be... Updated 05 Feb, 2024 09:34am
Print Industrial tariff revision: Parleys with IMF in a day or two ISLAMABAD: The government team is all set to hold a session with International Monetary Fund (IMF) in a day or two... Updated 02 Feb, 2024 09:20am
Print Telecom sector: FBR launches single sales tax return ISLAMABAD: The Federal Board of Revenue (FBR) has launched single sales tax return (tax period of January 2024) for... Updated 02 Feb, 2024 09:21am
Business & Finance Sugar mills evading tax to face crackdown ISLAMABAD: The caretaker government has decided to start crackdown on sugar mills involved in tax evasion, well... Published 01 Feb, 2024 04:52am
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 Dept fails to recover sales tax against obsolete stock LAHORE: The sales tax department failed to recover the sales tax amount from a taxpayer against obsolete stock that... Published 01 Feb, 2024 04:52am
Print ‘Innovative’ plan set to reduce circular debt ISLAMABAD: Caretaker Minister for Power and Petroleum, Muhammad Ali, has set an extremely ambitious circular debt... Updated 31 Jan, 2024 09:32am
Print FBR revamp plan approved by caretakers Federal Tax Policy Board will be formed in the Revenue Division which will be responsible for the formulation of tax policy Updated 31 Jan, 2024 09:57am
Print Revamp plan approved after months of deliberations: Shamshad ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar has stated that the FBR restructuring and digitisation plan... Updated 31 Jan, 2024 09:12am
Business & Finance Data integration: KP, Punjab show positive response to FBR ISLAMABAD: The provinces of Punjab and Khyber Pakhtunkhwa (KP) have shown positive response to the Federal Board of... Published 31 Jan, 2024 05:22am
Print Six-month budget deficit soars to 2.3pc of GDP ISLAMABAD: The budget deficit during the first six months of the ongoing fiscal year increased to 2.3 percent of the... Updated 30 Jan, 2024 08:48am
Print FBR restructuring: Cabinet will again take up issue today ISLAMABAD: The Federal Cabinet will again take up the issue of restructuring of the Federal Board of Revenue (FBR)... Updated 30 Jan, 2024 08:49am
Print RD on export of precious stones: SIFC panel asks FBR to share taxation procedures ISLAMABAD: An inter-ministerial panel of the SIFC (Special Investment Facilitation Council) has asked the Federal... Updated 30 Jan, 2024 09:47am
Markets June 2022 revised tariff: AJK power consumers demand implementation MIRPUR: Power consumers from all walks of life including the legal fraternity have announced to take to street... Published 29 Jan, 2024 04:37am
Editorials Reiteration of economic challenges EDITORIAL: The caretaker finance minister while addressing the NUST Institute of Policy Studies (NIPS) correctly... Published 29 Jan, 2024 04:37am
Print Shamshad underscores need for continued reforms, revenue enhancement KARACHI: Speaking at Pakistan’s International Customs Day event, caretaker Finance Minister Dr Shamshad Akhtar... Updated 27 Jan, 2024 10:36pm
Print Withdrawal of approval of non-NPO status: LHC upholds order of LTO Lahore ISLAMABAD: Lahore High Court (LHC) has upheld the order of the Large Taxpayer Office (LTO) Lahore to withdraw the... Updated 26 Jan, 2024 08:45am
Business & Finance FBR asked to give maximum tax rebate to principals, headmasters of KP ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to give maximum income tax... Published 25 Jan, 2024 04:23am
Print Cabinet to discuss FBR revamp plan today KARACHI: In the cabinet meeting to be held Tuesday (Jan 23), proposals that envisage restructuring and reforms of... Updated 23 Jan, 2024 09:09am
Print New fixed income tax for retailers on the cards ISLAMABAD: The federal and provincial governments will launch a fixed income tax scheme (Tajir Doost) for... Updated 22 Jan, 2024 10:03am
Print Section 214C of ITO 2001: Whole income tax audit selection process not ultra vires to law: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has declared that the whole income tax audit selection process under... Updated 22 Jan, 2024 10:02am
Print Reforms in taxation system demanded PESHAWAR: Members of the business community demanded reforms in the taxation system, and to bring down the ratio of... Updated 22 Jan, 2024 08:55am
Print Tax on banks: FBR mulling hiring legal counsel ISLAMABAD: The Federal Board of Revenue (FBR) is planning to hire expert legal counsel to defend its cases of tax on... Updated 19 Jan, 2024 09:12am
Business & Finance Lasbela Chamber concerned at govt’s ‘flawed’ economic policies KARACHI: Ismail Sattar, President of the Lasbela Chamber of Commerce and Industry (LCCI), has voiced concerns... Published 19 Jan, 2024 05:37am
Print Chairman tells Senate panel on finance: Govt asked to implement FBR restructuring within 30 days ISLAMABAD: Federal Board of Revenue (FBR) Chairman Amjad Zubair Tiwana, Wednesday, informed the Senate Standing... Updated 18 Jan, 2024 09:52am
Print ‘Further sales tax or extra tax’: FBR fails to deal with legal issue of chargeability ISLAMABAD: The Federal Board of Revenue (FBR) has failed to effectively deal with the legal issue of chargeability... Updated 17 Jan, 2024 08:39am