Islamabad

ISLAMABAD: While announcing the budget for year 2014-15, the Finance Minister Ishaq Dar announced these relief measures: Relief for Capital...

Budget 2014-15 Speech

3 June 2014 Bismillahir-Rehmanir-Rahim PART-I Mr. Speaker, As I rise to present the second budget of the democratic...

FBR directs post-clearance audit of vehicles cleared under amnesty

ISLAMABAD: The Federal Board of Revenue (FBR) has directed Customs department to conduct post-clearance audit of over 50,000 vehicles cleared...

Dar unveils e-scrutiny system to curb corruption today

ISLAMABAD: As part of the measures to curb corruption in the tax machinery, Finance Minister Ishaq Dar is going to...

Ishaq Dar set to announce Rs3.9 trillion Budget 2014-15 today

ISLAMABAD: Finance Minister Ishaq Dar will announce government’s second budget for the fiscal year 2014-2015 with total expenditures of around...

Exemptions up to Rs477.1b: SROs on ST cost kitty Rs230b in FY13-14

ISLAMABAD: The tax exemptions and concessions being offered to various sectors, groups and investors cost the national exchequer Rs477.1 billion...

Economic Survey 2013-14: GDP crosses 4pc, tax collection rises by 16.4pc

ISLAMABAD: Finance Minister, Senator Ishaq Dar on Monday launched the Economic Survey of Pakistan for the financial year 2013-14. The...

FBR wants, exporters oppose hike in ST for zero-rated sectors

ISLAMABAD: The five leading export-oriented sectors particularly textile sector is strongly against the likely hike in sales tax rates on...

FBR names 3-member committee to plan installation of nuclear radiation monitors

byM. Faizan

ISLAMABAD: A three member committee of Pakistan Customs has been formed to finalise and implement the plan to install nuclear...

FBR collects Rs212b against targeted Rs219b in May

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs212 billion in May 2014 against Rs176 billion in the...

Duty may slash on raw material for abrasive cloth sheet, papers

ISLAMABAD: The government is likely to massively slash duty on abrasive cloth sheet, belts/roll, sand paper, fiber disc and buffing...

Dar to present second budget tomorrow

ISLAMABAD: Finance Minister Ishaq Dar will unveil the second budget of his the PML-N-led government in the National Assembly on...

GST on tractors to ease: 5pc ST on wide range of goods likely

ISLAMABAD: The government is likely to impose a 5 percent sales tax on a wide range of goods in the...

Strong indications of 5-10pc reduction in customs duty on imported cars

byM. Faizan

31/05/2014

ISLAMABAD: Federal Government has decided to reduce customs duty on used and new imported cars in the next budget under...

A third of registered corporations file returns, one-fifth pay taxes: SDPI report

31/05/2014

ISLAMABAD: A report prepared by Sustainable Development Policy Institute (SDPI), a think tank, has revealed that the total number of...

Nawaz okays 2pc WHT on property purchase

31/05/2014

ISLAMABAD: While approving imposition of two percent withholding tax on purchase of property in the upcoming budget, Prime Minister Muhammad...

FBR seeks FED revival on cosmetics, paints

30/05/2014

ISLAMABAD: The Federal Board of Revenue, in a budgetary proposal submitted to the Finance Ministry, proposed a 10 percent Federal...

Tax on professionals may go up