FTO proposes FBR to abolish Section 8B of Sales Tax Act ISLAMABAD: The Federal Tax Ombudsman (FTO) has proposed the Federal Board of Revenue (FBR) to abolish section 8B of... Published 01 Jun, 2023 03:34am
Print KE seeks amendments to tax laws ISLAMABAD: K-Electric (KE) has sought amendments in tax laws including income tax, minimum turnover, payment of... Updated 30 May, 2023 09:22am
Pakistan Fake, flying invoices: DI&I IR Karachi arrests two suspects KARACHI: The Directorate Intelligence and Investigation (DI&I), Inland Revenue (IR), Karachi, has apprehended ... Published 28 May, 2023 03:34am
Business & Finance Housing societies defying registration to avoid ST LAHORE: Housing societies in Punjab are defying registration with the Punjab Revenue Authority (PRA) to avoid sales... Published 28 May, 2023 03:34am
Business & Finance PALSP voices concerns over misuse of tax exemptions in NMDs ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has raised serious concerns regarding the ... Published 25 May, 2023 06:26am
Business & Finance Budget proposals: KCCI for adopting ‘novel’ approaches to economic challenge KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) firmly believes that that out-of-the-box solutions... Published 24 May, 2023 05:57am
Business & Finance Stalled IMF bailout hurting economy: UBG chief KARACHI: United Business Group (UBG) President Zubair Tufail said that due to the delay in the IMF’s debt recovery... Published 21 May, 2023 04:00am
Print Unsatiated traders seek more tax incentives ISLAMABAD: The business community is again seeking tax exemptions, special tax rates, and tax credits and ... Updated 21 May, 2023 09:32am
Print Juices, aerated water: FBR reviewing FED structure in budget ISLAMABAD: The Federal Board of Revenue (FBR) is reviewing federal excise duty (FED) structure on juices and aerated... Updated 19 May, 2023 09:03am
Business & Finance Decline in exports to hurt economic growth: TMA KARACHI: Syed Usman Ali, Senior Vice-Chairman of the Towel Manufacturers Association of Pakistan has expressed deep... Published 17 May, 2023 06:22am
Editorials Economy between the devil and the deep blue sea EDITORIAL: Pakistan Bureau of Statistics (PBS) calculated a Sensitive Price Index (SPI) for the week ending 11 May... Published 17 May, 2023 06:22am
Opinion Fragile state of public finances The information on fiscal operations by the federal and provincial governments in the first nine months of 2022-23... Published 16 May, 2023 03:23am
Markets PSMA requests FBR to withdraw SRO 501(1)/2023 LAHORE: The Pakistan Steel Melters Association (PSMA) on Wednesday raised serious concern that the Federal Board of... Published 11 May, 2023 05:54am
Print Revision in GST returns due to FBR FASTER glitches: Refusing exporters’ requests tantamount to maladministration: FTO ISLAMABAD: The Federal Board of Revenue (FBR) has committed a serious nature of maladministration by refusing... Updated 09 May, 2023 09:13am
Print Import items: AEDB seeks ST exemption for ARE projects Govt plans to develop large-scale solar PV projects for substitution of expensive thermal power generation of approximately 6000-MW capacity Updated 07 May, 2023 09:41am
Business & Finance Stock-in-trade: tax officials attract accusation LAHORE: Income tax officers are accused of calculating stock-in-trade of sales tax returns in the income tax returns... Published 03 May, 2023 06:35am
Business & Finance Steel, plastic, ghee, other sectors: Tribal area tax exemptions expire on June 30 ISLAMABAD: The tax exemptions granted to the industrial units of iron/ steel, plastics, ghee, textile and other... Published 30 Apr, 2023 05:10am
Pakistan AGP detects Rs158.7m malfeasance in ASF Foundation accounts KARACHI: The Auditor General of Pakistan (AGP) has detected serious financial irregularities of Rs158.7 million in... Published 27 Apr, 2023 06:24am
Opinion The grim challenge of import addiction We are addicted to foreign goods. As a child I remember hankering for foreign chocolates and toffees, as an adult I... Updated 27 Apr, 2023 07:06am
Business & Finance Smart licences for arms attract 18pc GST rate: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has declared that computerised arms licenses in the form of cards... Updated 27 Apr, 2023 09:01am
Business & Finance Traders for reduction in ST rate, against double taxation ISLAMABAD: Traders have proposed reducing the sales tax to single digit, phase wise, besides demanding that double... Published 26 Apr, 2023 06:15am
Business & Finance Six locally-produced steel goods: FBR increases minimum value of supply ISLAMABAD: The Federal Board of Revenue (FBR) has considerably increased the minimum value of supply of six... Published 21 Apr, 2023 05:56am
Business & Finance PRA’s enforcement wing attracts allegations of dual taxation LAHORE: The enforcement wing of Punjab Revenue Authority (PRA) is accused of raising tax demands on account of... Published 20 Apr, 2023 06:30am
Business & Finance Cigarette industry: FBR seeks to generate extra Rs185bn revenue thru FED, GST ISLAMABAD: The Federal Board of Revenue (FBR) has estimated to generate additional revenue of around Rs185 billion... Published 19 Apr, 2023 06:36am
Opinion Place of Provision of Sales Tax on Services Rules 2023 Introduction: In Pakistan, sales tax on value-added basis is levied both on goods and services. There are numerous... Updated 18 Apr, 2023 07:01am
Print Transportation services or carriage of goods thru roads: Provinces notify formula for sales tax ISLAMABAD: All four provinces have notified that the amount of sales tax would be equally shared by those provinces... Updated 17 Apr, 2023 08:49am
Business & Finance Remaining period of 2022-23: FBR can overcome shortfall through recovery steps: FTO ISLAMABAD: The Federal Tax Ombudsman (FTO) on Friday strongly recommended the Federal Board of Revenue (FBR) to... Published 15 Apr, 2023 06:58am
Print World Bank ties recurrent budget shortfall to low fiscal revenue ISLAMABAD: Persistent low fiscal revenue is one of the drivers of Pakistan’s recurrent budget shortfall, as total... Updated 14 Apr, 2023 12:35pm
Print Move to incentivise e-bikes: ECC set to consider three options today ISLAMABAD: The Economic Coordination Committee of the Cabinet, which is scheduled to meet on Thursday (Apr 13), is... Updated 13 Apr, 2023 08:44am
Business & Finance KP jewellers reject PoS system, imposition of ‘3 percent’ sales tax PESHAWAR: Traders attached with jewellery and gems sector in Khyber Pakhtunkhwa have rejected the imposition of 3... Published 12 Apr, 2023 06:11am