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The government has withdrawn the powers of the Federal Board of Revenue (FBR) to target any elite person/individual to forcefully… Read More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
NIFT Breach Worse Than Expected, Hackers Threaten to Release ePay Source Code
While National Institutional Facilitation Technologies (Pvt.) Limited claimed that it was able to nullify an “attempted breach” that took down… Read More
DNI Group Invests $1 Million in Pakistan’s Embedded Finance Startup Neem
Neem, a leading embedded finance platform in Pakistan, and DNI group, a prominent investment firm operating across 28 countries, have… Read More
Govt Imposes Strict Condition for Property Transfers in Finance Bill 2023
The government has imposed a major condition on the sellers or transferors of immovable properties to prove before the registration/transfer authorities that tax has… Read More
The Proven Business Case for Empowering Women in Pakistan
Pakistan has successfully climbed three steps to now rank 142 out of 146 countries in the World Economic Forum’s (WEF)… Read More
NIFT Yet to Fully Recover from ‘Attempted Breach’ 6 Days On [Updated]
National Institutional Facilitation Technologies (NIFT), responsible for clearing all cheques across Pakistan, was hit by an attempted breach on its… Read More
State Bank to Help FBR Operationalize Withholding Tax Payment System
The State Bank of Pakistan (SBP) will help the Federal Board of Revenue (FBR) to fully operationalize the Synchronized Withholding… Read More