The federal government has withdrawn proposal to impose 25 percent sales tax on hybrid electric vehicles (HEVs) in Finance Bill… Read More
Govt Takes U-Turn On Raising Retirement Age of Its Employees
The federal government has scrapped a proposal to increase the retirement age of public sector employees, military personnel, and civil… Read More
Govt to Block Bank Accounts of Non-Filers Under Amended Finance Bill 2024
The government is likely to block bank accounts of non-filers and has also decided to fix the amount of sales… Read More
Pakistan Tea Association Rejects “Discriminatory” Taxation in Budget 2024-25
Pakistan Tea Association (PTA) has expressed its profound concerns and apprehensions vis-a-vis the proposed budget’s continuation of sales tax and… Read More
American Business Council Asks Govt to Reconsider Removal of 25% Advertising Expense Policy
The American Business Council has urged the federal government to reconsider the removal of the 25 percent Sales Promotion, Advertising… Read More
Govt Might Withdraw Proposal to Bring Exporters Under Normal Tax Regime
The government is considering withdrawing its proposal to bring exporters into the normal tax regime. Instead, it may impose a… Read More
Senate Finance Committee Unanimously Rejects Proposal to Increase Taxes On Salaried Class
The Senate Committee on Finance and Revenue on Monday unanimously rejected the federal government’s proposal to increase taxes on salaried… Read More
Shehzad Roy Convinces Govt to Reconsider Book Tax, Withdrawal of Tax Rebate on Teachers
Prime Minister Shehbaz Sharif and Planning Minister Ahsan Iqbal have reassured Pakistani singer Shehzad Roy that the government will reconsider… Read More
Finance Minister Assures Business Leaders Their Proposals Will Be Considered in Budget 2024-25
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
