FBR gets fourth new chair in two years
Nausheen Amjad posted as Secretary National Heritage and Culture.
Mubarak Zeb Khan
PoS integration deadline extended again
ISLAMABAD: The Federal Board of Revenue (FBR) on Friday extended the deadline to August 31 for Tier-1 retailers for...
Exports show signs of revival as pace of decline slows in June
Exports in June fell at a much slower pace due to recovery in export orders from international buyers.
Inflation rises to 8.6pc in June
Average CPI inflation between July-June FY20 rose to 10.74pc, from 6.8pc — highest since 2011-12 when it stood at 11.01pc.
Revenue collection up 3.9pc in 2019-20
FBR estimates that revenue collection fell by Rs223bn per month after the outbreak of coronavirus.
Govt steps up reforms ahead of WB’s ease of doing business rankings
Committee, chaired by Abdul Razak Dawood, encourages all provinces and regions to adopt business-friendly initiatives.
Finance bill sees 30 amendments
Most amendments related to income tax measures; big incentives for construction, electric vehicles.
Five-year trade policy finalised
ISLAMABAD: The commerce ministry on Friday finalised five-year Strategic Trade Policy Framework (STPF) draft with...
Tax exemptions on official perks cost Rs30bn in 2019, says FBR
Reports tax expenditure on pension and commutation of pension of govt officials, military officers and judges.
Goods imports enjoy most sales tax exemptions
Bulk given to pharmaceutical products, followed by cotton and cotton waste.
First detailed view on tax exemptions emerges
FBR's report shows total income tax exemptions granted in FY20 stand at Rs378bn.
Action ordered against those taking undue profit on food items
Government takes notice of heightened prices of poultry products
Action ordered against those taking undue profit on food items
Government takes notice of heightened prices of poultry products...
Amazon asked to register 38 exporters from Pakistan
List of 38 exporters has been shared with Amazon which is "limited to surgical, sports goods and home textiles sectors".
Gwadar port contract is ‘confidential’, federal secretary informs Senate panel
Copies of agreement will be given to committee during in-camera meeting on Tuesday and then taken back.
Senate panel rejects amendment to introduce Authorised Economic Operator programme
Committee members dissatisfied with Maritime Affairs secretary’s explanations in trying to justify tax exemptions.
Textile exports tumble 36.5pc in May
Covid-19 has collapsed the demand for country’s exports during the last four months.
Amendments aim to increase tax compliance
One of the major amendments in income tax laws is related to filing of taxpayers’ profile electronically.
Budget 2020-21: Finance bill shows all relief, no clear revenue plan
Under the income tax and sales tax, FBR estimates revenue relief of Rs20bn.
Tax exemptions cost kitty Rs1.15tr
Tax exemptions are the revenues foregone by the state by granting exemptions under different categories to various industries and other groups.