Tax policy-making process ‘ICTE’ to be set up to reduce role of FBR officials ISLAMABAD: The Federal Board of Revenue (FBR) will establish an International Centre of Tax Excellence (ICTE) to... Updated 11 Jun, 2023 08:11am
Print Proposed tax on windfall profits may be challenged in courts ISLAMABAD: The new tax proposed on windfall profits gains may be challenged in courts due to its applicability on... Updated 11 Jun, 2023 08:11am
Print Finance Bill brings in a big import-related facilitative step ISLAMABAD: The Federal Board of Revenue (FBR) will not impose any penalty on importers in cases of non-placement of... Updated 11 Jun, 2023 12:21pm
Business & Finance Federal Budget: PBF sees no ‘serious efforts’ for economic revival KARACHI: Pakistan Business Forum (PBF) says the federal government has done ‘too little, too late’ in terms of... Published 10 Jun, 2023 05:01am
Business & Finance Govt changes definition of ‘SMEs’ ISLAMABAD: The government has changed the definition of Small and Medium Enterprise (SME) to increase in business... Published 10 Jun, 2023 05:01am
Print PML(N)-led coalition govt struggles to strike a delicate balance between outright populism & fiscal discipline Dar presents Rs14.5trn budget Budget closely watched by IMF 3.5% economic growth target set Fiscal deficit target set at 6.54% of GDP Govt targets inflation at 21% Total spending target of 14.46 trillion rupees set Defence expenditure estimated at 1.8 trillion rupees Targets total tax revenue of 9.2 trillion rupees Targets total non-tax revenue of 3 trillion rupees $30 billion export target set No new tax on industrial sector Published 10 Jun, 2023 05:00am
Print Rs223bn taxation measures taken ISLAMABAD: The government has taken new taxation measures of Rs223 billion in the budget (2023-24) including the... Published 10 Jun, 2023 04:34am
Pakistan JI demands Riba-free budget LAHORE: Reminding the finance minister his words about abolishing the interest-based economy, Jamaat-e-Islami Emir... Published 09 Jun, 2023 06:20am
Print Crackdown on tax defaulting vehicles to begin today KARACHI: On the direction of Sindh Minister for Excise, Taxation and Narcotics Control Department Mukesh Kumar... Updated 05 Jun, 2023 08:45am
Opinion Imagineering implementation of energy reforms-VII Pakistan requires sustained GDP growth of 7-9% for 30 years. For that, by 2030 Agriculture will need to achieve 6%... Published 04 Jun, 2023 03:35am
Opinion Tax on undistributable reserves: disclosure in financial statements The issue under consideration is the accounting disclosure for the portion of the revenue reserves that are declared... Published 02 Jun, 2023 03:56am
Opinion Tax on undistributed reserves This is not the first time that there is a proposal to tax undistributed reserves of a company. Such imposition has... Published 01 Jun, 2023 03:34am
Business & Finance 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 Tax suggested on exporters not bringing forex within specified period of time ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended the Ministry of Finance to... Updated 01 Jun, 2023 08:53am
Opinion Tax on undistributed reserves is ultra vires–II It is about time our legislators understood that even a wrong decision of the Supreme Court of Pakistan in the ... Published 31 May, 2023 03:57am
Business & Finance Mian Zahid urges govt to target non-tax paying sectors KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian... Published 31 May, 2023 03:56am
Opinion Tax on undistributed reserves is ultra vires–I It is being reported that the government is repeating once again the mistake of taxing undistributed reserves of a... Published 30 May, 2023 03:37am
BR Research Pulpy taxation The government is lately imposing a tax on every item they can find in the formal sector. Government debt is... Published 29 May, 2023 08:43am
Business & Finance Economist advocates tax simplification to boost base KARACHI: Government is advised to simplify taxation to broaden its net: economist, said economic and financial... Published 29 May, 2023 04:27am
Business & Finance Goods/passenger transport vehicles: RRMC recommends one-time/ transactional advance tax ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended a one-time/transactional advance... Published 27 May, 2023 06:09am
Business & Finance Punjab: Crackdown on defaulters of motor vehicle tax intensified LAHORE: The Excise, Taxation and Narcotics Control (ET&NC) department has intensified crackdown against the... Published 27 May, 2023 06:09am
Editorials Tax targets for FY24 EDITORIAL: Chairman Federal Board of Revenue, Asim Ahmed, while talking exclusively to Business Recorder, subsequent... Updated 25 May, 2023 07:04am
Opinion 9th review struggle with IMF Since November of last year, Pakistan is still waiting for the release of the next tranche of $1.1 billion from the... Published 21 May, 2023 04:00am
Business & Finance ‘No official can override tax exemption by changing opinion’ LAHORE: “No tax official can override tax exemption by changing his opinion under the garb of rectification of... Published 21 May, 2023 04:00am
Business & Finance Small tax base, high non-compliance incidence causing massive tax evasion LAHORE: A relatively small tax base and high levels of non-compliance has resulted in massive tax evasion in ... Published 14 May, 2023 03:24am
Business & Finance Pakistan Television Centre, Peshawar: Low-paid staff must not be burdened with excessive tax deductions, FTO tells FBR ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure that the... Published 13 May, 2023 05:59am
Business & Finance FY24: PBC urges govt to set ‘realistic’ tax target for FBR ISLAMABAD: Pakistan Business Council (PBC) has asked the government to set a realistic tax target for the Federal... Published 12 May, 2023 05:59am
Business & Finance Frequent changes in tax laws leading to wrong assessments LAHORE: Extensive changes in tax laws on yearly basis and at times more than once in a year, lead to wrong... Published 07 May, 2023 03:21am
Editorials Interest rate and profitability EDITORIAL: Profitability of Pakistani banks rose to a record high of 126 billion rupees – up by 56 percent year on... Published 05 May, 2023 06:44am
Business & Finance Tax expert offers perspective on stalled IMF bailout LAHORE: Former chairman Federal Board of Revenue (FBR) Syed Shabbar Zaidi on Tuesday said that Pakistan’s ... Published 03 May, 2023 06:35am
