Idemitsu, a leading Japanese Energy Company has launched its Brand Motor Oil (IBMO) in Pakistan. This launch marks a significant… Read More
FBR’s Property Valuation Rates are Revising Upwards Starting August
After an increase in withholding taxes on buying and selling of immovable properties from July 1, 2023, the Federal Board of Revenue… Read More
Salaried Employees Start Countrywide Protests Against Heavy Taxation in Budget 2023
The salaried class has launched a campaign against the heavy taxation of salaried individuals under the Finance Act 2023. In… Read More
FIA Unearths Huge National Bank Pension Fraud
A huge fraud has surfaced in the monthly pension of National Bank of Pakistan (NBP) pensioners, well-informed sources told ProPakistani.… Read More
FBR Increases Withholding Tax on Buyers and Sellers of Immovable Properties
The Federal Board of Revenue (FBR) has implemented upward revised rates on buyers and sellers of immovable properties from July… Read More
Govt to Collect 3% Advanced Tax on Registration of Electric Vehicles
The government has decided to collect a 3 percent advance tax at the time of registration of electric vehicles (E-vehicles)… Read More
IMF Finally Reaches Staff-level Agreement with Pakistan on a $3 billion Stand-By Arrangement
In a major development, the International Monetary Fund (IMF) announced reaching a staff-level agreement (SLA) with Pakistan on a $3… Read More
Govt Restrains FBR From Forcefully Imposing Additional Tax on Wealthy Individuals
The government has withdrawn the powers of the Federal Board of Revenue (FBR) to target any elite person/individual to forcefully… Read More
Reduced Tax Rates Limited to Listed Company Securities through NCCPL Transactions
The reduced rates of tax would only be applicable on transactions of disposal of securities of listed companies carried out under the… Read More
FBR Still Falls Short of Tax Collection Target by Rs. 486 Billion
Federal Board of Revenue (FBR) has provisionally collected Rs. 7, 154 billion during July-June (2022-23) against the annual target Rs.… Read More
FBR Fails to Implement Many Duty Exemptions on Imports Announced in Budget 2023-23
The Federal Board of Revenue (FBR) will not issue customs notifications to abolish/reduce customs duties, regulatory duties, and Additional Customs… Read More
ECC Approves Policy Guidelines for Petroleum Imports via Customs Bonded Storage Facilities
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Economic Coordination Committee (ECC) of… Read More