The delegation will hold talks with Pakistani officials in Islamabad, with the discussions expected to continue until March 15, the sources said. A meeting between the delegation and representatives of the finance ministry began in Islamabad. The negotiations will take place in two phases: technical discussions in the first phase, followed by policy-level talks in […]
The summoned customs officers include Additional Collector Wajid Zaman, Assistant Collectors Usama Dastagir and Fahad Khan, Superintendent Babar, Inspector Ahsan, and Inspector Wali Raza. Notably, the special advisor to the finance minister and former collector Asif Hargan’s driver has also been called for questioning. The customs officers and personnel are accused of running a vehicle […]
While speaking to prominent businessmen and industrialists in Islamabad, PM Shehbaz said that the government is actively working to implement business-friendly and investor-friendly policies in the nation. The prime minister said the Special Investment Facilitation Council has given investors and the business community a straightforward platform where services are offered through a single point of […]
According to sources, PM Shehbaz has tasked the Privatization Commission to accelerate the process. The government has also decided to improve PIA’s financial health before the privatization. Additionally, the government plans to reopen routes to the United States, with security audits set to be conducted in collaboration with the US Federal Aviation Authority. American experts […]
As per details, the government has separated tax policy formulation from tax collection to enhance transparency and efficiency. Under the new law, FBR will now focus solely on tax collection and implementation rather than policymaking. The new Tax Policy Office will report directly to the Finance and Revenue Minister and will be responsible for developing […]
FBR has notified amended property valuation rates for Karachi, which includes a year-wise depreciation value of residential and commercial built-up properties. According to the notification, values of built-up structures on residential property would be decreased gradually. The value of a residential house’s 5 to 10-year-old built-up structure will be depreciated by 5%. Similarly, the value […]
In the seven months of this fiscal year from July to January, the FBR collected Rs. 6,496 billion in taxes, missing its target of Rs. 6,964 billion by over Rs. 465 billion. Despite the shortfall, the FBR reported a 29% monthly growth in tax revenue and a 26% annual growth in the seven months from […]
The official data shows people of Islamabad, Rawalpindi, and Karachi are buying expensive sugar in Pakistan at the cost of Rs160 per kg. The sugar is sold at Rs155 per kg in Gujranwala, Sialkot, Khuzdar and Quetta, while the commodity’s per kg rate is Rs150 in Faisalabad, Sargodha, Multan and Larkana. In Rawalpindi and Lahore, […]
According to FBR officials, the revenue target for January 2025 was set at Rs956 billion. While the FBR is close to achieving its monthly target, officials are confident that the remaining amount will be collected soon. The FBR has also set a revenue collection target of Rs 3150 billion for the period between January and […]
In an official statement, the Inland Revenue Service Officers Association of FBR asserted that the allegations raised by Faisal Vawda were baseless and challenged him to provide evidence to support his claim. “Baseless accusations could harm the tax collection process,” the FBR officers warned Senator Faisal Vawda. The statement further said that all government vehicle […]
