Finance Minister Miftah Ismail Thursday directed the relevant authorities to resolve the issues of the textile industry on a priority… Read More
Budget 2022–23 Major Macro Targets Revised Before Parliament Approval
The Budget Outlay for the financial year 2022–23 has been increased from Rs. 9.5 trillion to Rs. 9.9 trillion after… Read More
Govt to Up Tax Collection Target to Rs. 7.4 Trillion for FY23
The new revenue collection target of the Federal Board of Revenue (FBR) would be Rs. 7,426 billion for the next… Read More
In a First FBR to Impose Hefty Fines for Sales Tax Evasion
The Chairman of the Federal Board of Revenue (FBR) has stated that it imposes hefty fines and even potential imprisonment… Read More
Govt Not Suffering from New Tariff Structure Under Budget FY23: Chairman NTC
The Chairperson of the National Tariff Commission (NTC), Robina Ather, informed the Senate Standing Committee on Finance on Thursday that… Read More
Punjab Unveils Rs. 3.226 Trillion Budget for FY23
Provincial Minister Sardar Awais Ahmad Khan Leghari Wednesday presented the Rs. 3.226 trillion tax-free budget of Punjab or fiscal year… Read More
Sindh Allocates Rs. 100 Million for Thar Jeep Rally, Rs. 4.6 Billion for Overall Sports
Sindh government has allocated Rs. 4.6 billion for sports projects in the provincial fiscal budget 2022-23. Chief Minister, Murad Ali… Read More
FBR Forms Committees to Remove Anomalies in Finance Bill 2022
The Federal Board of Revenue (FBR) has formed two Anomalies Committees to identify and remove the technical and business-related anomalies… Read More
Pakistan Needs to Do Much More After Budget: IMF
Pakistan needs to introduce additional measures to align the budget for FY2022-23 with key program objectives. This was stated by… Read More
Govt Forced to Revise Income Tax Slabs After IMF Reservations
Pakistan is left with no option but to consider bringing changes to the new income tax slabs for the salaried… Read More
KP Announces Big Increase in Salaries and Pensions of Govt Employees
The Khyber Pakhtunkhwa government has announced an increase of 16 percent in the salaries of government employees in the budget… Read More
New Taxes on Banks Will Reduce Their Profitability by 15-20%: Report
New taxes for the banking sector under the federal budget 2022-23 are likely to significantly impact profitability by 15-20 percent,… Read More