As per details, as preparations for the upcoming federal budget are underway, high-level discussions are taking place to explore avenues of tax relief, particularly for the salaried class and real estate sector. Insiders reveal that one of the key proposals under consideration is the elimination of the 3% Federal Excise Duty (FED) on property sales. […]
During a two-hour session with the FIA, Nadia Hussain admitted to receiving funds from her husband to establish her salon and spa business. However, she claimed she was unaware of the source of those funds and had never questioned her husband about them. “I was never part of any fraud,” she clarified, asserting that she […]
Addressing at the Pakistan Stock Exchange (PSX) the central bank’s Governor Jameel Ahmed said that record 38 billion US$ remittances will be available by this June. “During nine months of the current financial year, remittances have increased by 33 per cent,” SBP chief said. He said that the current and external accounts are expected to […]
The main reason for the rejection of these applications was the failure to make timely bookings and payments to the Saudi authorities. Saudi Arabia had allocated a quota of 179,210 pilgrims for Pakistan this year, which included 89,605 spots each for the government and private tour organisers. However, only 14,000 applications were accepted under the […]
The prime minister, chairing a review meeting on the Export Facilitation Scheme (EFS) here, said that increasing the country’s exports to boost national revenue was among the government’s priorities. During the meeting, interim recommendations of the committee formed to make the scheme more effective and benefitting the export sector were presented. The prime minister instructed […]
As per details, IMF experts will begin reviewing the performance of various departments of the Pakistan government, starting today. The preparation of this Governance and Corruption Diagnostic Assessment Report is a key target of the ongoing loan program between the IMF and Pakistan. The IMF delegation will assist Pakistan in matters related to governance and […]
As per details, the premier has formed a three-member committee to investigate the matter and identify those responsible for the failure to obtain the private Hajj quota in time. The committee, headed by the Secretary of the Cabinet Division, includes the Chairman of the Federal Board of Revenue (FBR) and the Federal Secretary of Gilgit-Baltistan. […]
As per details, the Large Tax Office (LTO) of the Federal Board of Revenue (FBR) has launched an operation against tax evasion and sealed three outlets selling luxury watches for non-compliance with the Point of Sale (POS) system. According to FBR sources, the LTO team has seized business records from these outlets. The tax filers […]
As per details, the Federal Board of Revenue (FBR) has fulfilled another condition set by the International Monetary Fund (IMF) as it has decided to monitor production in the industrial sector. According to the FBR, electronic video surveillance will be implemented to track the production of goods. A digital eye software will be installed for […]
The successful talks could lead to the release of the next $1 billion tranche from the IMF for Pakistan. A presentation was given to the IMF delegation led by Nathan Porter, over economic indicators from July to February. Pakistan’s delegation headed by Finance Minister Muhammad Aurangzeb briefed the IMF team about fiscal deficit, primary balance, […]
