As per details, the FBR headquarters has issued a letter to the Chief Commissioner of the Corporate Regional Tax Office, mentioning concerns over the slow pace of revenue collection. The letter mentioned the need to enhance efforts to achieve targets, particularly in the first quarter of the financial year. The FBR has also directed the […]
According to sources, FBR needs to collect Rs2,654 billion in taxes for the first quarter of the fiscal year 2024-25, with Rs 1,190 billion required in September 2024 alone. If FBR fails to meet the target by the end of the first quarter (July-September), the International Monetary Fund (IMF) may push Pakistan for a mini-budget […]
According to the PTA statement, in the first phase, fake and canceled CNICs were blocked, and now, SIMs registered on CNICs that expired before 2017 are being blocked. The PTA officials stated that over 69,000 illegal SIMs have been blocked since August 16 as the authority is using data obtained from NADRA to identify and […]
According to sources, the IMF has insisted on maintaining the 10% sales tax on stationery items, leading to a significant increase in prices, despite efforts by the government. Sources said that the tax increase has resulted in a 15% rise in the prices of stationery items, affecting students, businesses, and the general public. The tax […]
Sources close to the development revealed that Prime Minister Shehbaz Sharif has tasked the economic team to revise the current income tax rate on salaried classes earning up to Rs 100,000 per month. In the recent budget, the government had increased the income tax rate to 2.5 percent on monthly salaries up to Rs 100,000. […]
Karachi Urdu Bazaar chairman exclusively talking that program Bakhabar Savera said that the nature of taxes is confusing and unclear. He highlighted that, globally, the education sector and related fields are usually given concessions, but the opposite seems to be happening here. Yousuf noted that the abundance of taxes is driving up the prices of […]
The Tajir Dost app was launched to tax retailers in Pakistan. Through the app, the government is hoping to bring 3.5 million retailers into the tax net. FBR spokesperson, Bakhtiar Muhammad in his exclusive talk said 53,426 traders have themselves registered in the Tajir Dost tax scheme so far. According to the breakup, 7,312 traders […]
During a visit to FBR headquarters, Governor Kundi met with Chairman Malik Amjad Zubair Tiwana and discussed various tax-related matters and issues faced by the people of the province. The Chairman assured the Governor that all possible measures would be taken to resolve the issues faced by taxpayers in KP. He also apprised about the […]
Previously limited to six major cities, the scheme now covers Abbottabad, Attock, Bahawalnagar, Bahawalpur, Chakwal, Dera Ismail Khan, Faisalabad, Ghotki, Gujarat, Gwadar, Hafizabad, Haripur, Hyderabad, Islamabad, Jhang, Jhelum, Karachi, Kasur, Khushab, Lahore, Larkana, Lasbela, Lodhran, Mandi Bahauddin, Mansehra, Mardan, Mirpurkhas, Multan, Nankana, Narowal, Peshawar, Quetta, Rahim Yar Khan, Rawalpindi, Sahiwal, Sargodha, Sheikhupura, Sialkot, Sukkur, and […]
According to the spokesperson, the development came in the wake of the newly imposed Federal Excise Duty (FED) of Rs 15 per kilogram of sugar. The spokesperson said that the corporation has sought clarification from the Federal Board of Revenue (FBR) on the new tax. He said that the corporation has sufficient stock of sugar […]
