Finance Act 2017 has reduced Federal Excise Duty (FED) on telecommunication services from 18.5 to 17 percent. According to the… Read More
Mobile Phone Imports Rise by 40% in One Year
Mobile phones import witnessed a phenomenal growth of 39.57 percent in the current fiscal year (July-August) 2017-18 as it remained… Read More
Sales Tax Withdrawn for IT Services: FBR
The Federal Board of Revenue (FBR) has exempted sales tax chargeable under Islamabad Capital Territory (Tax on Services) Ordinance, 2001… Read More
FBR’s Campaign for Filing of Income Tax Returns Continues
Federal Board of Revenue (FBR) has stepped up its campaign of reaching out to big organisations and companies to boost… Read More
Telcos Paid Rs 34.2 Billion As Income Tax During Last 5 Years
The five cellular companies have paid Rs 34.26 billion as Income Tax to the government during last five years (2012-13… Read More
Moody’s Downgrades Habib Bank’s Credit Rating in Light of Fine
Moody’s has affirmed Habib Bank Ltd. (HBL)’s B3/Not-Prime local currency deposit ratings and its Caa1/Not-Prime foreign currency deposit ratings. At… Read More
Karachi Circular Railway Project Costs Reduced by 76%
The Planning Commission has rationalized the scope and cost of Karachi Circular Railway (KCR) project and reduced from $2.583 billion… Read More
Interior Minister Wants Universities to Curb Extremist Behavior among Youth
The Higher Education Commission (HEC) management and the heads of universities across the country held a brainstorming session with Mr.… Read More
Pak-India Disputes Over Kishenganga, Ratle Plants Still Not Resolved
Pakistan and India have failed to reach any agreement on the Kishenganga and Ratle hydroelectric power plants issues. “While an… Read More
Government Nets Rs 200 Billion From Mobile Users During 4.5 Years
The government has collected taxes of around Rs 200 billion from mobile phone consumers during the last four and a… Read More
FBR to Use Special System to Audit WHT Returns of Telecom Companies
The withholding tax collections of telecom companies will be available to the Federal Board of Revenue (FBR), Auditor General of Pakistan or… Read More
PM Abbasi to Inaugurate Metro Bus Track Project in November
Prime Minister Shahid Khaqqan Abbasi will inaugurate the Metro Bus Track project on November 15, 2017, which will be completed at a… Read More
