Budget 2019/2020: Measures related to sales tax, federal excise

ISLAMABAD: The federal government has announced various budgetary measures in sales tax and federal excise for fiscal year 2019/2020. Read more »

Budget 2019/2020: Salient features of customs duty

ISLAMABAD: The government has announced changes in customs duty regime which included relief and revenue measures. Read more »

Budget 2019/2020: Rs951 billion allocated for PSDP

ISLAMABAD: The federal government has allocated Rs951 billion for development projects under Public Sector Development Program (PSDP) for fiscal year 2019/2020. Read more »

Budget 2019/2020: No SBP borrowing from July 01

ISLAMABAD: The government has decided not to borrow from State Bank of Pakistan (SBP) from July 01, 2019 due to high inflation concerns. Read more »

Budget 2019/2020: Rs5,550 billion tax collection target set to reduce fiscal deficit

ISLAMABAD: State Minister for Revenue Muhammad Hammad Azhar on Tuesday said that the government has set a challenging target of Rs5,550 billion revenue collection target for Federal Board of Revenue (FBR) in... Read more »

Proposals for budget 2019/2020 finalized; salary persons may get increase; rise in additional customs duty likely

ISLAMABAD: The ministry of finance has finalized proposals for budget 2019/2020 and will get approval from the Cabinet before presenting in the Parliament on June 11, 2019. Read more »

FBR suggested relaxing exports restriction to Afghanistan

KARACHI: Federal Board of Revenue (FBR) has been advised to relax export conditions to Afghanistan in order to improve exports and inflows of foreign exchange. Read more »

KCCI expresses concerns over frequent rise in POL prices in Naya Pakistan

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has expressed concerns over frequent rise in petroleum prices in Naya Pakistan of present government and said that such hike in prices will make... Read more »

FBR requested to extend date for filing sales tax return

KARACHI: Federal Board of Revenue (FBR) has been urged to extend the date for filing monthly sales tax returns as public holidays announced by the government for Eid holidays coincide with the... Read more »

ICAP proposes restricting powers of Directorate General Intelligence and Investigation

KARACHI: Institute of Chartered Accountants of Pakistan (ICAP) has proposed restricting powers of Directorate General of Intelligence and Investigation (I&I) as multiple powers of tax authorities are causing hardship for taxpayers. Read more »

PTBA suggests 5-year policy for gradually reducing sales tax rate

KARACHI: Pakistan Tax Bar Association (PTBA) has suggested gradually reduction of sales tax rate under five-year policy and for first year the sales tax rate should be brought down to 15 percent... Read more »

Exemption on import of telecom equipment demanded to encourage investment

KARACHI: Foreign and multinational companies have demanded the Federal Board of Revenue (FBR) to exempt sales tax and customs duty on import of telecom equipment in order to encourage investment in this... Read more »