A delegation of Pakistan Business Council (PBC) led by Chairman PBC Shabbir Diwan called on Federal Minister for Finance and… Read More
Finance Bill 2024 Empowers FBR to Probe Tax Fraud Suspects
Finance Bill 2024 has empowered Inland Revenue officials to conduct an investigative audit of persons suspected to be involved in… Read More
Senate Committee Rejects Proposal of 18% Sales Tax on Mobile Phones
The Senate Standing Committee on Finance and Revenue has rejected the government’s budget proposal to impose an 18 percent sales… Read More
Chairman Finance Committee Criticizes FBR for Using Aggressive Tactics to Meet Tax Targets
Chairman Senate Finance Committee Salim Mandviwala has criticized the Federal Board of Revenue (FBR) for using aggressive measures to meet… Read More
Senate Panel Recommends Mandatory Credit/Debit Card Transactions for Purchases Exceeding Rs. 30,000
The Senate Standing Committee on Finance and Revenue convened its 9th consecutive session to finalize recommendations on the Finance Bill… Read More
Telecom Industry Warns New Budget Taxes on Phones, Services Will Hamper Digital Progress
The telecom industry raised alarms over the proposed imposition of taxes on mobile handsets and telecom services in the country.… Read More
Senator Faisal Vawda Unhappy With Non-Filers Getting Exemptions for Umrah, Hajj
Senator Faisal Vawda today questioned the rationale behind exemptions for non-filers during religious pilgrimages like Hajj and Umrah and suggested… Read More
New Tax Law Gives FBR Authority to Demand Wealth Statements From Anyone
The Finance Bill 2024 has allowed the Commissioner Federal Board of Revenue (FBR) to demand wealth statements and details of… Read More
NEPRA Imposes Fixed Charges of Up to Rs. 1,000 Per Month on Electricity Consumers
The National Electric Power Regulatory Authority (NEPRA) has imposed fixed charges ranging from Rs. 200 to Rs. 1,000 per month… Read More
Salaried Class Penalized While Agriculture Sector Evades Taxes: Salaried Class Alliance
The salaried class pays tax on gross earnings without any allowable deduction, as against other classes of taxpayers, so the… Read More
Senate Committee Opposes Increasing Tax on Electric, Hybrid Cars in Budget 2024-25
A meeting of the Senate Standing Committee on Finance and Revenue was held under the chairmanship of Senator Saleem Mandviwala… Read More
Govt Likely to Amend Finance Bill 2024 For Phase-Wise Implementation of Sales Tax on Formula Milk
The government may amend Finance Bill 2024 to impose phase-wise sales tax on infant formula etc. The phase-wise taxation under… Read More
