Pakistan Telecommunication Authority (PTA) has carried out an independent Quality of Service (QoS) Survey in 16 cities, 8 towns, and… Read More
FBR Allowed to Investigate Income Tax of Offshore Income/Assets Beyond 5 Years
The Senate Standing Committee on Finance on Thursday gave a go-ahead to the Inland Revenue officials of the Federal Board… Read More
FBR Issues New Procedure For Storage and Destruction of Seized Cigarettes
The Federal Board of Revenue (FBR) has issued a new procedure for the storage and destruction of seized/confiscated cigarettes, cigarette… Read More
FBR Increases Duty Drawback on the Export of Pharmaceutical Products
The Federal Board of Revenue (FBR) has increased duty drawback on the export of pharmaceutical products including medicines for human… Read More
FBR Faces Backlash From Steel and Ghee Industries Over New Tax Measures
All major steel industry associations Thursday jointly warned the Federal Board of Revenue (FBR) that the proposed measure of withdrawal… Read More
SECP Revises Solvency and Financial Soundness Requirements for NPO Management
The Securities and Exchange Commission of Pakistan (SECP) has decided to revise the solvency and financial soundness requirements for the… Read More
Senate Committee Rejects Govt’s Plan to Charge Sales Tax on Basis of Printed Retail Price of Sugar
The Senate Standing Committee on Finance and Revenue on Tuesday rejected the government plan to charge sales tax on the… Read More
CCP Inquiry Reveals Price Fixing and Cartels in Milk Sector
The Competition Commission of Pakistan (CCP) has concluded an inquiry in the dairy sector, which has found the prima facie… Read More
FBR Issues Clarification Over Taxes on Pensions and Salaries
The Federal Board of Revenue (FBR) has categorically said that no tax has been imposed on pensions, major components of… Read More
FBR Plans to Collect Rs. 5,829 Billion Revenue in FY 2021-22
The Federal Board of Revenue (FBR) has estimated to collect Rs. 5,829 billion in 2021-22 after including revenue from policy… Read More
No Increase in Tax Rates of Internet, Mobile Phone Calls and SMS: Finance Minister
Finance Minister Shaukat Tarin announced the withdrawal of the Federal Excise Duty (FED) on phone calls/SMS messages/internet data usage, which… Read More
Govt’s Tax Measures in Budget 2021 Will Cost it Rs. 506 Billion
The government has taken measures of around Rs. 506 billion including taxation measures of Rs. 264 billion and enforcement measures… Read More
