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Slash in capital gains tax on the cards
ISLAMABAD: The federal government is most likely to reduce burden on income from shares trading by over 28 percent and...
FBR may make mandatory specifying one ‘identifier’ for businessmen
ISLAMABAD: The Federal Board of Revenue (FBR) has proposed mandatory requirement for business community in budget (2014-15) to specify at...
FBR wants 6pc non-adjustable FED on sugar in budget
ISLAMABAD: The Federal Board of Revenue (FBR) has proposed rationalization of 8 percent adjustable Federal Excise Duty with 6 percent...
APBUMA bemoans hike in ST on exports
KARACHI: All-Pakistan Bedsheets and Upholstery Manufacturers Association (APBUMA) has expressed concern over the proposed increase in sales tax on exports...
Dollar jumps in open market ahead of summer vacations
KARACHI: After staying stable for over a month and a half, US dollar crossed Rs 100 mark in the open...
Bajwa briefs Dar on phase-wise SRO withdrawal
ISLAMABAD: Federal Board of Revenue Chairman has delivered a detailed presentation to Finance Minister Ishaq Dar on the plan for...
Pak Youngsters becoming fond of heavy bikes, imports soar manifold
KARACHI: Import of new and used heavy bikes has increased sharply during the ten months of the current fiscal year...
Certified, quarterly ST returns filing for commercial entities in the offing
ISLAMABAD: Finance Ministry on proposals of Federal Board of Revenue may introduce fresh regulations in the upcoming budget to reduce...
Govt succumbs to int’l pressure, NGOs to have tax exemption
ISLAMABAD: Succumbing to the international pressure, the govt has turned down the decision to bring NGOs in the tax net....
Officials propose FBR to introduce two slabs for import duties
KARACHI: Officials of Pakistan Customs have put forward some recommendations before Federal Board of Revenue Chairman Tariq Bajwa and Member...
FBR denies tax waiver to Najam Sethi
ISLAMABAD: Federal Board of Revenue (FBR) clarified that tax waiver was not granted by government to PCB Chairman Najam Sethi....
SROs dealing Rs500b blow to exchequer annually
ISLAMABAD: The national exchequer has been suffering financial losses to the tune of Rs500 billion annually on account of exemptions...
Uniform ST for 5 sectors: Abolition of tax exemption for edu institute proposed
ISLAMABAD - The government is contemplating eliminating tax exemption to the foreign private educational institutes in the upcoming budget 2014-15....
LHC puts off urban property tax case
LAHORE: The Lahore High Court directed the government to submit four-year audit reports of all union councils in the province...
Budget may feature hike in ‘further tax’
ISLAMABAD: The upcoming budget for 2014-15 likely to feature increase in ‘further tax’ from existing one percent to 2 percent...
Extra ST on power, gas bills likely to go up
ISLAMABAD: The government is considering double ‘extra sales tax’ from 5 to 10 percent on all unregistered electricity and gas...
Lahore Tax offices collect Rs260b in 10 months
LAHORE: Federal Board of Revenue has collected Rs 260 billion on account of income tax, sales tax and excise duty...
MCC Appraisement-East gears up for conducting examination through iPads, tablets
KARACHI: Model Customs Collectorate of Appraisement-East has also introduced the latest technology in the examination area of Pakistan International Containers...
Non-duty paid vehicles, articles worth Rs287m seized in 3 quarters
LAHORE: Anti-smuggling wing of Model Customs Collectorrate Lahore has confiscated vehicles, goods and articles worth Rs 229 million in 287...
Govt to take foreign reserves to $15b till September: Dar
ISLAMABAD: Finance Minister Ishaq Dar said that the government would take the foreign exchange reserves to $15 billion before the...
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