The government has released Rs 298.24 billion (29 percent) for different development projects under Public Sector Development Programme (PSDP) 2017-18… Read More
Pakistan’s Fiscal Deficit for Current Quarter Drops to A 10 Year Low
The hardships and uncertainties faced by the economy of Pakistan have always been hair-raising but it has always managed to… Read More
Every Pakistani Now Owes a Staggering Rs. 120,789 Because of Debt!
Pakistan’s total debt and liabilities have reached Rs. 25.1 trillion in June 2017, depicting a growth of 11% and a… Read More
Govt Makes Changes to Tax Requirements from Non Profits
The Federal Board of Revenue (FBR) explained the changes brought about in the Finance Act 2017. The legislation brought through… Read More
IT Companies Registered During Past 5 Years Get Startup Tax Exemption
The Federal Board of Revenue (FBR) disclosed that IT companies registered in July 2012 and onwards can avail exemptions introduced… Read More
Here’s How Much Withholding Tax You’ll Pay for Buying & Selling Property
The Federal Board of Revenue has updated its Withholding Tax Card for 2017/18 enforcing fixed percentages as advanced income tax for… Read More
Govt to Borrow Rs. 3.75 Trillion from Banks in Next 3 Months
An amount of Rs 3.75 trillion will be borrowed by the government from the banking system in August-October, the State… Read More
FBR Collects An Impressive Rs 200 Billion in July
Federal Board of Revenue has collected Rs. 200 billion in taxes this month, indicating a great start to the new… Read More
FBR’s New Contact Center Deals with Taxpayers in Real Time
Federal Board of Revenue (FBR) has launched a newly-furbished and modern contact center to promptly respond to taxpayers’ queries and provide… Read More
No Tax on Remittances by Expat Workers: Saudi Finance Ministry
Just days after the Kingdom’s Advisory Shoura Council said that it was looking to impose a 6 percent tax on… Read More
Former DG of PTA Sentenced with Seven Years Imprisonment and Rs. 70 Million in Fine
Accountability Court (AC), Islamabad, Judge Muhammad Bashir yesterday awarded seven years imprisonment to former Director General (DG) Finance Pakistan Telecommunication… Read More
Cabinet Division Terminates PTA Member Finance
Cabinet Division has terminated Member Finance Nasrul Karim Ghaznavi of Pakistan Telecommunication Authority (PTA) following the verdict of Supreme Court… Read More
