The Federal Board of Revenue (FBR) from March 1, 2021, has revised upward customs values of raw materials used in… Read More
Govt Decides Not to Increase Petrol Prices Despite Pressure
The Government of Pakistan has been absorbing the upward price fluctuation in international market in order to provide maximum relief… Read More
MoITT to Raise IT Taxation Issue With FBR and Finance Ministry
Ministry of Information Technology & Telecom is expected to take up the issue of the withdrawal of income tax exemption… Read More
SECP Asks Listed Companies to Set Up Gender Diversity Policies and Analyze Pay Gaps
The Securities and Exchange Commission of Pakistan (SECP) has directed the corporate boards of listed companies to formulate the gender… Read More
Govt to Impose 17% Sales Tax on LPG Imports and Local Supply From July 2021
The government has decided to impose a 17 percent sales tax on Liquified Petroleum Gas (LPG) imports and its local… Read More
After High Court Orders, PTA Notifies TikTok Ban in Pakistan
Pakistan Telecommunication Authority (PTA) has blocked access to TikTok app in Pakistan, we have confirmed with authorities. PTA spokesperson said… Read More
Govt Abolishes 15 ‘Expired’ Exemptions from Income Tax Ordinance
The proposed ‘Income Tax (Second Amendment) Bill, 2021′ on the withdrawal of corporate income tax exemptions has abolished 15 time-bound… Read More
Political Uncertainty Leads to a Bloodbath at the PSX
Pakistan Stock Exchange (PSX) witnessed a bloodbath on Thursday, losing over 900 points intraday amid persistent selling pressure. The market… Read More
FBR Issues Clarification on Tax Exemption from Income of Exported IT Services
The Federal Board of Revenue (FBR) has issued a clarification regarding the news about a proposal to withdraw exemption available… Read More
Govt Allows 6 Sectors to Avail 100% Tax Credit
The government has decided to allow six sectors to avail 100 percent tax credit after withdrawal of income exemptions from… Read More
‘Rs. 60 Billion Unchecked Payoneer Payments’ Expose FBR’s Incompetence
The major papers in Pakistan reported today that the Federal Board of Revenue (FBR) has unearthed a whopping Rs. 60… Read More
Govt to Withdraw Income Tax Exemption on IT and IT-Enabled Services
The government has decided to withdraw income tax exemption available to IT services and IT-enabled services through the Income Tax… Read More
