People asked to verify tax-paid authentic products through new FBR App ISLAMABAD: The Federal Board of Revenue (FBR) has asked the general public to verify the tax paid authentic products... Published 13 Oct, 2023 05:50am
Technology Microsoft fights $29bn US back tax claim WASHINGTON: The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from... Published 12 Oct, 2023 10:40am
Print New circular of FBR raises eyebrows KARACHI: Karachi Tax Bar Association (KTBA) has raised concerns about a new circular introduced by the Federal Board... Updated 12 Oct, 2023 08:42am
Print ‘Inflated’ bills: Intelligence agency comes to the rescue of power consumers? Agency has prompted caretaker government to intervene and take action to provide immediate relief Updated 10 Oct, 2023 12:40pm
Opinion Poverty on the rise Poverty levels have risen from 34.2 percent in 2022 to 39.4 percent in 2023, pushing 12.5 million people below the... Updated 09 Oct, 2023 07:03am
Print Documentation of economy: Promulgation of crucial ordinance delayed ISLAMABAD: The caretaker government has delayed the promulgation of an Ordinance for the integration of data of all... Updated 07 Oct, 2023 05:40pm
Print Experts say super tax based on discrimination LAHORE: The imposition of super tax is hit by the principle of past and closed transaction, as no tax can... Updated 07 Oct, 2023 09:52am
Editorials Crackdown on smuggling EDITORIAL: The most recent scare about the economy, especially how complying with IMF conditions, inflated utility... Published 07 Oct, 2023 06:01am
Opinion No more business as usual—II Known solutions to our problems start with merit-based governance and justice system adhering to our Constitution.... Updated 05 Oct, 2023 06:51am
Print World Bank projects primary balance at negative 0.4pc ISLAMABAD: The World Bank has projected a primary balance for Pakistan at negative 0.4 percent (-0.4) for the... Updated 04 Oct, 2023 08:36am
Print Certain tax policies discourage investment in tradable sector: World Bank ISLAMABAD: Certain tax policies in Pakistan discourage investment in the tradable sector, and certain investment... Updated 04 Oct, 2023 09:15am
Print ‘FPA, QTA in power bills’: SC issues notices to AGP, respondents ISLAMABAD: The Supreme Court issued notice to the Attorney General for Pakistan (AGP) and respondents in petitions... Updated 04 Oct, 2023 08:34am
Editorials Milking the system for what it is worth EDITORIAL: During a press briefing in Washington DC, Julie Kozack, Director of Communications International Monetary... Published 04 Oct, 2023 06:20am
Business & Finance ‘Customs denying exemption to importers of HEVs’ LAHORE: Customs authorities are allegedly denying exemption to the importers of Hybrid Electric Vehicles (HEVs) ... Published 04 Oct, 2023 06:20am
Opinion Improving tax compliance The caretaker government has set up a tax reforms taskforce to come up with recommendations to close the ‘tax... Published 03 Oct, 2023 06:02am
Opinion We need a ‘Charter of Society’ Lately, there has been an extensive talk about various charters of sorts - the Charter of Democracy, the Charter of... Published 03 Oct, 2023 06:02am
Business & Finance Insurance industry paid Rs34.3bn against taxes, duties in 2022 ISLAMABAD: The insurance industry has paid taxes/duties of Rs34.3 billion to the exchequer during 2022 including... Updated 03 Oct, 2023 08:43am
Opinion Taming inflation: pushing the boulder uphill According to a recent survey, inflation and poverty are the biggest issues in Pakistan. No one could have any doubts... Updated 02 Oct, 2023 07:16am
Editorials There’s always a smell of shenanigans in the air EDITORIAL: The government is desperate to fill the growing fiscal gaps. The space to finance a continuously high... Published 02 Oct, 2023 06:33am
Business & Finance Need for widening tax net stressed KARACHI: Depending on salaried class and organised sector for tax to GDP ratio is not a positive sign for economic... Updated 02 Oct, 2023 07:23am
Business & Finance Economic revival plan: Tax on retail, agri and real estate sectors may be revised: MoF Key measures include revenue enhancement strategies including tax revisions in sectors such as retail, agriculture, and real estate, alongside a wealth tax on movable assets, as deemed appropriate Updated 30 Sep, 2023 09:45am
Print Tax return filing deadline likely to be extended by 1 month ISLAMABAD: The Federal Board of Revenue (FBR) may grant a one-month extension in filing of income tax return forms,... Updated 29 Sep, 2023 09:56am
Print Shamshad-led task force to introduce tax reforms ISLAMABAD: A task force has been formed for tax reforms, and caretaker Finance Minister Dr Shamshad Akhtar has been... Updated 29 Sep, 2023 03:01pm
Business & Finance Sept tax collection up by Rs20bn in 28 days ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected over Rs 815 billion in the first 28 days ... Published 29 Sep, 2023 06:24am
Business & Finance Meeting with ministers sought: RLNG/gas supply and pricing need clarity: APTMA ISLAMABAD: While expressing concerns about the continuation of cross-subsidy, the All Pakistan Textile Mills... Published 29 Sep, 2023 06:24am
Business & Finance FBR should provide 90 days for submission of tax returns: PTBA LAHORE: The Pakistan Tax Bar Association (PTBA) has demanded that the chairman of the Federal Board of Revenue ... Published 29 Sep, 2023 06:24am
Editorials Tax the rich EDITORIAL: One reason our ruling class always paints IMF’s conditions as “harsh” is their own inability, rather... Updated 29 Sep, 2023 09:29pm
Opinion Super tax for tax year 2023: hiked rate cannot be applied with retrospective effect In our Technical Release 1/2023 relating to the Finance Act, 2023, which was issued on June 9, 2023, our view was... Updated 26 Sep, 2023 07:32am
Print FTO orders: FBR devises new strategy for filing review pleas ISLAMABAD: The Federal Board of Revenue (FBR) has devised a new strategy for filing of review petitions/... Updated 26 Sep, 2023 08:43am
Print Identifying new taxpayers: Shamshad seeks data of electricity users ISLAMABAD: The caretaker Minister for Finance and Revenue, Dr Shamshad Akhtar, has sought updated data of... Updated 25 Sep, 2023 09:31am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?