The quantum of sales tax fraud has considerably increased after the facilitation and automation of obtaining new sales tax registrations… Read More
Truckistan Technologies Secures Initial Funding and Sets Course for a Technological Revolution in LTL Sector
Truckistan, the Pakistan-based tech-enabled LTL company, announced its successful seed fundraising round. The final amount is close to $1 million… Read More
Concrete Steps Already Underway to Launch 5G Within 10 Months
The launch of 5G technology in Pakistan is a 10-month process and necessary administrative steps are already underway in terms… Read More
FBR to Ditch Computerized Balloting For Selecting Cases for Audit
The Federal Board of Revenue (FBR) has taken a major policy decision of not conducting computerized random balloting for the… Read More
FBR to Probe High-Volume Transactions With Little Sales Tax Payments
The Federal Board of Revenue (FBR) has directed its field formations to investigate those high volume/value of transactions with little… Read More
AsiaPak Investments Buys Bol Network and Appoints New CEO
One of Pakistan’s leading media groups, Bol Network, has been acquired by AsiaPak Investments. Bol will remain headquartered in Karachi… Read More
Ministry of Education and Higher Education Hosts Huawei Seeds for the Future 2023 Qatar Week Finale
After a week-long endeavor, Huawei successfully concluded its first phase of the esteemed “Seeds for the Future” program, which was… Read More
FBR Under Scrutiny for Launching Unfinished Tax Filing System Without Testing
The Federal Tax Ombudsman (FTO) has expressed serious concern over the launching of the new version of the “IRIS” for… Read More
FBR to Launch New Simple Form for Salaried Employees and Pensioners
The government is taking a big step to facilitate 1.4 million salaried individuals/pensioners for the tax year 2023 by introducing… Read More
FBR Makes Billions from Income Tax on Electricity Bills Thanks to Unfair Mechanism
The Federal Board of Revenue (FBR) has no foolproof mechanism to ensure that a 7.5 percent withholding tax on electricity… Read More
FBR Has Received No Order to Reduce Sales Tax on Electricity Bills
The Federal Board of Revenue (FBR) has not drafted any proposal to reduce/abolish sales tax or withholding tax on electricity… Read More
FBR Launches Crackdown Against Mispricing of Cigarettes
The Inland Revenue Department of the Federal Board of Revenue (FBR) has launched a crackdown against the mispricing of cigarettes… Read More