Two restaurants sealed over tax fraud in Islamabad
Pakistan
1 min read
48

Two restaurants sealed over tax fraud in Islamabad

October 28, 2024
0

The Federal Board of Revenue (FBR) has sealed two restaurants for issuing fake sales receipts in Islamabad.

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Cheezious criticised for allegedly charging same tax on card, cash payments
Pakistan
2 min read
38

Cheezious criticised for allegedly charging same tax on card, cash payments

October 8, 2024
0

A social media user, Noor Khalid, took to Instagram to share his experience at the Samnabad, Lahore branch of the local fast food chain 'Cheezious.'

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Can FBR’s new measures reverse the tax collection crisis?
Opinion
3 min read
51

Can FBR’s new measures reverse the tax collection crisis?

October 8, 2024
0

Pakistan’s tax base has been highly skewed and narrow-based as official data shows that after adjusting for inflation and real GDP, the FBR's real tax has been standing at 1 per cen

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No extension in tax return deadline: FBR
Pakistan
1 min read
82

No extension in tax return deadline: FBR

September 30, 2024
1

The Federal Bureau of Revenue (FBR) has said the deadline for the submission of tax returns is not being extended.

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Govt urged to give one-month extension for tax returns
Pakistan
2 min read
82

Govt urged to give one-month extension for tax returns

September 30, 2024
2

The Rawalpindi-Islamabad Tax Bar Association has written a letter to Prime Minister (PM) Shehbaz Sharif, Finance Minister Muhammad Aurangzeb, and Federal Board of Revenue (FBR) Chairman, requesting an extension for filing tax returns until October 31.

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Pakistani banks impose new tax on Netflix subscription fees
Business
1 min read
90

Pakistani banks impose new tax on Netflix subscription fees

July 8, 2024
0

Last year, the Sindh Revenue Board (SRB) in Pakistan required banks to deduct a 13 percent provincial sales tax on advertisement services. Now, they have introduced additional taxes on Netflix. As a result, banks are charging Netflix users various taxes and fees. When paying for Netflix subscriptions with debit or

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Pakistan’s new budget comes into effect today
Pakistan
1 min read
88

Pakistan’s new budget comes into effect today

July 1, 2024
0

President Asif Ali Zardari has signed the Finance Bill-2024 into law, making the federal budget effective from July 1 (today), the start of the new fiscal year. The National Assembly passed the bill on Friday with some amendments before sending it to the president for approval. The Opposition, largely supported

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APTMA calls on govt to reconsider regressive tax policies targeting textile industry
Business
3 min read
37

APTMA calls on govt to reconsider regressive tax policies targeting textile industry

June 20, 2024
0

WEB DESK: All Pakistan Textile Mills Association has expressed grave concerns over the detrimental tax and customs proposals outlined in the Finance Bill 2024, warning of severe repercussions for Pakistan’s textile industry. These measures, deemed regressive and punitive by APTMA, pose an existential threat to the sector, which constitutes over

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“The constitution cannot be bulldozed at the IMF’s behest”: Barrister Ali Zafar
Pakistan
2 min read
115

“The constitution cannot be bulldozed at the IMF’s behest”: Barrister Ali Zafar

June 20, 2024
0

WEB DESK: PTI Senator Barrister Ali Zafar has firmly stated that the Constitution cannot be bulldozed at the behest of the International Monetary Fund (IMF). During a Senate session on the budget, chaired by Deputy Chairman Sayedal Khan Nasir, Barrister Ali Zafar criticized the proposed budget, calling it a recipe

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What to expect from new budget of Pakistan?
Business Pakistan
2 min read
123

What to expect from new budget of Pakistan?

June 12, 2024
1

Pakistan’s Federal Budget for the fiscal year 2024-25, amounting to Rs18.9 trillion, will be presented by Finance Minister Muhammad Aurangzeb in the National Assembly at 4pm today (Wednesday). This budget announcement follows the government’s recent acknowledgment that the anticipated economic growth rate of 2.4 percent for the current year falls

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