This confusion must stop. There will be no tax on foreign remittances in the coming budget, Dar said.
Evaders will have to pay higher withholding tax.
Power sector subsidies were reduced to ensure $506 million disbursement from the IMF before June 30.
Government unveils outline of next year’s federal budget, envisaging tax target of Rs3.1 trillion.
SNGPL asks CNG stations to import liquefied natural gas through PSO
Economic indicators have started showing stability in economy and future focus would be on increasing growth: Dar.
The total tax revenue improved steadily from 9.9pc of GDP in FY13 to 10.4pc in FY14 and 11.2pc in FY15.
The LNG policy 2011 does not allow procurement of LNG from the spot market by the public sector.
KP govt allowed a greater as a quid pro quo measure for recovery of bills and efforts to control electricity theft.
Over Rs250 billion will be allocated for infrastructure sector including energy and transport.
Ecnec on Wednesday approved Rs538.5 billion worth of 10 development projects for implementation.
Pakistan and the IMF have agreed on a plan to end the power circular debt through tariff hike and privatisation.
K-Electric was blackmailing the government by taking refuge behind the masses on a purely legal matter, said Asif.
Finance Minister Dar also announced at press conference the withdrawal of tax exemptions totalling over Rs100 billion.
PAKISTAN may not have completely missed the opportunity to benefit from the historic low oil prices, but it appears...
'The current year’s fiscal deficit would be around 5.5pc of GDP.
A senior official confirmed receiving PM’s approval for appointment of Sheikh Imranul Haque as managing director PSO.
ADB has advised Pakistan to reduce subsidies on fuel and power to take full advantage of lower international oil prices.
ADB announces scaling up its annual operations by 50 per cent for sustainable development of infrastructure.
Structural reforms are needed at the international level to put the global economy on a sound footing, said Dar.