Erstwhile tribal areas: Tax, duty exemptions not to be extended beyond June 30 ISLAMABAD: The government has decided not to further extend the exemption from duties and taxes for the erstwhile... Updated 08 May, 2024 09:19am
Opinion Freelancer tax exemptions killing IT export corporate sector? Just like IT export businesses, Pakistan also gives tax exemptions to freelancers on their export income. However,... Updated 20 Mar, 2024 04:11am
Business & Finance Tax authorities fail to encash expired bank guarantee as govt dues LAHORE: Tax authorities have failed to encash expired bank guarantee for recovery of government dues, said sources.... Published 16 Feb, 2024 06:02am
Business & Finance Customs detects Rs27.5bn tax ‘evasion’ KARACHI: An alarming tax evasion scam has been detected by Directorate Post-Clearance Audit (PCA) South, revealing... Published 16 Feb, 2024 06:02am
Business & Finance AJK, FATA/PATA: KCCI seeks withdrawal of tax exemption to protect importers of black tea KARACHI: Senior Vice President of the Karachi Chamber of Commerce & Industry (KCCI) Altaf A Ghaffar has urged ... Published 16 Feb, 2024 06:02am
Business & Finance A tug of war between tax dept and welfare organisation over surplus income from investments LAHORE: Welfare organisations utilising the surplus income out of their investments for their own beneficiaries are... Published 07 Nov, 2023 06:33am
Business & Finance Carbon alloy wire rod: FBR says RD exemption cannot be granted on import ISLAMABAD: The Customs Classification Committee of the Federal Board of Revenue (FBR) has declared that the ... Published 04 Nov, 2023 06:00am
Opinion No more business as usual—V Much-needed measures for documenting the economy await promulgation of an ordinance for integration of data across... Updated 13 Oct, 2023 06:46am
Print World Bank for taxation of agri income, property ISLAMABAD: The World Bank (WB) has recommended taxation of agricultural income and property, withdrawal of... Updated 10 Oct, 2023 11:22am
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
Print Govt depts, hospitals, LG and defence institutions: Updated list of FTN recipients issued by FBR FBR to take policy decision on the issuance of the FTNs to the govt authorities including local govt departments and Tehsil municipal authorities seeking tax exemptions Updated 17 Sep, 2023 10:52pm
Opinion Tax expenditure as subsidy to elites: myth or reality? In the last ten or so years, economic issues and tax collection by FBR has been brought increasingly under focus.... Published 12 Sep, 2023 06:51am
Print Dar explains what actually led to changes in budget Says for securing an agreement with the IMF, the government had to impose new taxes Updated 05 Aug, 2023 03:06pm
Print No more tax amenities, exemptions: 10 structural benchmarks set for SBA ISLAMABAD: The International Monetary Fund (IMF) has set 10 structural benchmarks (SBs) for stand-by arrangement... Updated 19 Jul, 2023 09:54am
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 Senate panel rejects 3 major ST measures ISLAMABAD: The Senate Standing Committee on Finance rejected three major sales tax measures including a one-year... Updated 13 Jun, 2023 08:47am
Print Tax exemptions cost exchequer over Rs2.23trn Cost of tax exemptions registered a growth of 27.43 per cent during 2022-23 as compared to tax expenditure in 2021-22 Updated 09 Jun, 2023 02:49pm
Print Virtual pipeline LNG import terminal: Govt mulling granting tax exemptions ISLAMABAD: The Federal Government is mulling granting tax exemptions to Virtual Pipeline LNG import terminal by... Updated 05 Jun, 2023 08:49am
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
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 Industries in tribal areas: Fate of tax exemptions to be decided in FY24 budget ISLAMABAD: The government, through Finance Bill 2023, will take final decision on the extension in tax exemptions... Updated 18 May, 2023 09:03am
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
Print Debt and debt instruments: Profit on debt and capital gains given tax exemption ISLAMABAD: The Federal Board of Revenue (FBR) has exempted income tax on profit on debt and capital gains from debt... Updated 24 Feb, 2023 08:44am
Print Govt may exempt solar equipment from all taxes ISLAMABAD: The government is likely to exempt solar equipment from all taxes aimed at achieving the target of 10,000... Updated 27 Jan, 2023 09:04am
Business & Finance Donation consignments for flood victims: ST, FED and IT on import, supply exempted ISLAMABAD: The Federal Board of Revenue (FBR) has exempted sales tax, federal excise duty (FED), and income tax on... Published 26 Jan, 2023 07:09am
Business & Finance Erstwhile tribal areas: Steel and ghee/cooking industries told to justify tax exemption demand ISLAMABAD: Minister of State for Finance Aisha Ghaus Pasha Thursday categorically conveyed to the steel and... Updated 30 Dec, 2022 08:42am
Opinion IT export sector – I Pakistan’s IT export sector has been in the news a lot lately. The reason is because after so many years of fairly... Published 23 Nov, 2022 05:55am
Print Import and supply of flood goods: FBR gives ST, WHT, FED exemptions ISLAMABAD: The Federal Board of Revenue (FBR) has granted exemption of sales tax, withholding tax and Federal Excise... Updated 31 Aug, 2022 09:47am
Print Russia tops list of nations granting tax exemptions to citizens ISLAMABAD: The Russian Federation tops the world in granting tax exemptions to its citizens, ie, an estimated 14.8... Updated 31 Jul, 2022 09:35am