The Federal Board of Revenue (FBR) is reportedly resisting a proposal by the International Monetary Fund (IMF) to implement additional taxes of Rs. 176 billion on the salaried class in the upcoming budget. The news report quoted sources saying that various taxes are under consideration to boost the income tax collection from the current level […]
Prime Minister Imran Khan was told Sunday that tax receipts had surpassed Rs2205 billion during the first six months of the current fiscal year. Chairing a meeting to review the tax reforms, the prime minister was briefed that owing to tax reforms, growth in a number of taxpayers had been witnessed. It was told that […]
Prime Minister Imran Khan recently expressed surprise at how difficult governing has been. He knows better than to pretend that he was surprised. The single most important characteristic he has sought in his political proxies and partners is the capacity to shout down, harass, abuse, and tar and feather those that dare warn Pakistanis about […]
FBR: The Federal Board of Revenue’s Large Taxpayer Unit in Islamabad on Wednesday sealed the main business premises of cellular company Jazz. It was alleged that non-payment of Rs-25.393 billion income tax for the tax year 2018. Earlier in the day, a notice was issued to Principal Officers Pakistan Mobile Communication Limited (PMCL); Aamir Hafeez […]
Pakistan has asked the International Monetary Fund (IMF) to relax the conditions for a mini-budget and increase in electricity prices at least till March next year after Prime Minister Khan again shot down both the proposals due to already high prices. About 10 days ago, the Ministry of Finance had sought the prime minister’s approval […]
