The premier has established a committee to investigate the reasons behind the track and trace system’s failure, despite awarding an estimated Rs25 billion contract to a consortium consisting of M/s AJCL, MITAS, and Authentix, which largely remained non-functional. The decision marks the seriousness of the government in ending tax evasion, which is going on in […]
PM Sharif said this while addressing a ceremony to encourage taxpayers in the country in Islamabad. The prime minister said the government is compelled to enter into a new IMF deal for stability. He however said that along with the IMF program, the government will focus on fostering growth, creating job opportunities, and addressing the […]
During his visit to the Utility Stores, Federal Housing Minister Riaz Pirzada emphasized that there will be an expansion in tax coverage to include those who previously did not pay taxes. Up to this point, only landlords have been contributing taxes. He announced that authorities are compiling a list of corrupt government officials, adding that […]
As per details, the Monetary Fund has asked Pakistan to end sales tax relaxation on all items including petrol. The newly elected government of Pakistan should also implement a sales tax on petroleum products along with a Rs 60 levy to increase the tax income. Earlier, the International Monetary Fund (IMF) recommended the government of […]
In a recent notice issued by the Metropolitan Corporation Islamabad (MCI), residents of the federal capital are now required to pay taxes for using bore water. This decision comes as a response to the increasing water scarcity in various parts of Islamabad, leading more people to rely on borewells for their water needs. Unlike before, […]
Sources within the FBR revealed that the scheme, which is currently under discussion, entails a strategic move to levy taxes on traders alongside their electricity bills. As part of this innovative approach, it is proposed to introduce a dedicated column on electricity bills, specifically tailored for traders, facilitating the streamlined collection of taxes. Sources close […]
The way people shop has changed a lot in Pakistan and around the world because more and more people are using the internet to buy things. Because of this, the government is thinking about putting taxes on digital platforms. This idea comes from the International Monetary Fund (IMF), which advises countries about money matters. Recently, […]
The minister also said that the era of cash deposits by friendly countries and the rollovers of the external debt was over, and the country had to come out of the mindset of doing patchwork to deep-rooted economic problems. In his first interaction with a group of journalists since taking oath as the minister, Aurangzeb […]
According to reports on Thursday, the Federal Board of Revenue (FBR) has agreed to tax shops in five major cities across the nation: Karachi, Islamabad, Lahore, Peshawar, and Quetta. According to the sources, the board has planned a scheme to raise Rs100 billion in revenue by imposing a tax on 3.5 million shopkeepers in selected […]
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 […]
