No tax amnesty scheme without approval from NA, IMF assured
Pakistan has to compulsorily get approval from the National Assembly before launching a Tax Amnesty Scheme, according to IMF conditions for the economic bailout to...
TAX
Budget deficit rises despite higher tax collection
ISLAMABAD: The Finance Ministry released details of the federal budget, highlighting that the deficit has increased by Rs459 billion in six months of the current...
FBR tax collection surges 36.5pc in five months
ISLAMABAD: The Federal Board of Revenue (FBR) has collected net revenue of Rs2.314 trillion during the first five months (July-November) of the current financial year...
Fiscal deficit narrows to 0.8pc of GDP in first quarter
ISLAMABAD: Pakistan’s fiscal deficit narrowed to 0.8 percent of Gross Domestic Product (GDP) during the first quarter of the ongoing fiscal year 2021-22 as compared...
FBR seizes 172 non-tax stamped sugar bags in Hyderabad
ISLAMABAD: The Federal Board of Revenue (FBR) has seized 172 sugar bags, which were found without affixation of tax stamps in one warehouse. According to...
FBR exempts sales tax on fruit imports from Afghanistan
KARACHI: The Federal Board of Revenue (FBR) has exempted the sales tax on the import of fruits from Afghanistan. In this regard, the revenue board...
Govt mulling tax to improve capacity utilization in cement sector
ISLAMABAD: The government is considering incremental taxes to improve capacity utilization in the cement sector, Advisor to Prime Minister on Finance and Revenue Shaukat Tarin....
Pakistan succumbs to IMF pressure; accepts most of its conditions
Finance Ministry keeps a mum about the outcomes of talks, but sources divulge Pakistan has agreed to raise tax collection, speed up the privatization process...
IMF wants Pakistan to hike power tariff
The fund has asked for more steps to increase income tax, sales tax, and regulatory duties collection. ISLAMABAD: The International Monetary Fund (IMF) has demanded...