TRG Pakistan has reported a huge loss of Rs. 4.9 billion in the outgoing financial year 2021-2022. The company had… Read More
FBR Shows 81.3 Percent Growth in Disposal of Appeals by Business Community
The Federal Board of Revenue (FBR) has disposed of 40,058 appeals from the business community during the tax year 2022… Read More
Reduction in Petrol Prices Without IMF Approval is Reckless: Miftah Ismail
Pakistan’s former top finance official Miftah Ismail has called the coalition government’s decision to keep the petroleum development levy (PDL)… Read More
Pakistan’s Per Capita Annual Electricity Consumption Among Lowest in the World
Pakistan’s per capita annual electricity consumption of 644 kilowatt-hour (kWh) is among the lowest in the world, which is only… Read More
10 Major Sectors Contributed Around 71% in Customs Duty Collected by FBR in FY22
Around 71 percent of customs duty collection has been contributed by 10 major sectors including petroleum products, vehicles, iron and… Read More
Sales Tax Was The Top Revenue Source of Overall Tax Collection in FY22
The sales tax remained the top revenue generator with 41.2 percent share in total tax collection in 2021-22, followed by… Read More
FED Collection From Cigarettes & Food Concentrates Jumped Due to Inflation Only
A major jump in the Federal Excise Duty (FED) collection during 2021-22 from cigarettes and concentrates used in beverages/food is… Read More
FBR Needs to Collect Rs. 7.4 Trillion in Taxes Amid Import Contraction & Rising Inflation
The Federal Board of Revenue (FBR) requires growth of 21.5 percent in revenue collection to meet the target of Rs… Read More
MoU to be Signed for Installation of FBR’s Track and Trace System for AJK’s Cigarette Manufacturers
The Federal Board of Revenue (FBR) and the Azad Jammu and Kashmir (AJK) government have decided to sign a memorandum of understanding… Read More
Pakistan’s Inflation Clocks In At 23.2% in September 2022
Pakistan’s Consumer Price Index-based inflation (CPI) increased to 23.2 percent on a year-on-year basis in September 2022 as compared to… Read More
SBP Governor Attributes Improved Market Sentiments to Dar’s Return
Governor State Bank of Pakistan (SBP), Jameel Ahmad, called on Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar,… Read More
ECC Defers Procurement of New Tablets for the Cabinet
The Economic Coordination Committee (ECC) of the Cabinet has deferred the summary of the ministry of Information Technology with regard… Read More
FBR Extends Date for Filing Tax Returns Till October 31
The Federal Board of Revenue (FBR) has extended the date for filing Income Tax returns for the tax year 2022… Read More
FBR Creates History by Collecting Rs. 1.63 Trillion in Tax Collection During Q1 FY22
The Federal Board of Revenue (FBR) has provisionally collected Rs. 1.635 trillion during the first quarter (July-September) 2022-23 against the… Read More
Ishaq Dar Announces Big Decrease in Petrol Prices Within Days of Taking Charge
Finance Minister, Ishaq Dar has announced a reduction in prices of petroleum products to pass on the benefit of decreasing… Read More
