According to a budget paper, the government has fixed a target of issuing 1,15,530 gas connections in the upcoming Fiscal Year 2025-26. In the new financial year, 550 new commercial and 350 industrial gas connections have been fixed for issuance. “In Sindh and Balochistan, 85,740 gas connections will be given next year in the Sui […]
As per details, the journalists were protesting the Federal Board of Revenue’s (FBR) failure to provide a technical briefing on the Finance Bill 2025-26. The briefing, traditionally held to clarify tax proposals for media coverage, was not conducted yesterday. Responding to the boycott, Information Minister Attaullah Tarar acknowledged the journalists’ concerns, stating their grievances were […]
As per details, the government is expected to increase the overall tax target to Rs 2 trillion, and in this context, new taxes worth Rs 600 to 700 billion are likely to be imposed, while the Federal Board of Revenue (FBR) aims to collect Rs 1,200 billion through its tax initiatives. Despite the additional tax […]
As part of the new improvements, the Federal Board of Revenue (FBR) is suggesting a tenfold increase in fines, through Point of Sale (POS) systems, for tax fraud, increasing penalties to PKR 5 million from PKR 500,000. Hidden businesses that maintain secret transactions besides the POS system will also experience severe legal actions. In the […]
Malik, in his statement, said he would meet with Prime Minister Shehbaz Sharif shortly to discuss the issue in detail and asserted that this is a nationwide concern that needs to be addressed. Malik added that he had already discussed the matter of lifting of ban on domestic gas connections with the prime minister earlier […]
The announcement was made during a meeting of the Senate Standing Committee on Finance on Thursday, where Mahmood responded to a query about the government’s plans regarding tax exemptions. The FBR chairman said a significant relief has been announced for teachers. From the next fiscal year, teachers will be eligible for a 25 percent income […]
FBR Chairman announced during a meeting of the National Assembly’s Standing Committee on Finance. Arif noted that the rebate, which had been overlooked previously, was later approved by the federal cabinet and will be incorporated into the Finance Bill for the upcoming fiscal year to provide relief to educators. A representative from the Ministry of […]
According to the official notification, the reshuffle affects officers from Grades 17 to 20, including key positions such as directors and collectors. The transferred officers include 10 from BPS-20, 32 from BPS-19, 10 from BPS-18, and 2 from BPS-17. Key transfers include Rashid Habib (BPS-20) who has been appointed as Director of Non-Financial Businesses and […]
“The world has been surprised by Pakistan’s economic development and has affirmed the betterment of the economy,” the federal minister said here while speaking at a gathering. “We are reducing the burden on the salaried class,” the minister said. He said the FBR’s digitization has been underway. “Lesser human interference will bring transparency”, the finance […]
The officials likely to discuss circular debt of the gas sector in the talks, sources said. “Pakistan’s officials will present the plan for ending the gas sector’s circular debt in virtual talks,” sources shared. Gas sector circular debt has been around Rs 2800 billion. A suggestion to reduce the gas circular debt with dividend expected […]
