Think tank discusses viability of reducing GST to five percent

Apr 26

Finance

Think tank discusses viability of reducing GST to five percent

ISLAMABAD: The second meeting of think tank on Saturday discussed the viability of reducing General Sales Tax (GST) from existing 17 percent to five percent on consumer goods to kick start consumer spending. Advisor to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Sheikh chaired the 2nd meeting of the Thinktank, recently constituted […]

by Mrs. Anjum Shahnawaz

Rs100 billion released for tax refunds, duty drawback repayments

Apr 4

Taxation

Rs100 billion released for tax refunds, duty drawback repayments

ISLAMABAD: In a bid to alleviate liquidity challenges faced by the industry, particularly in the aftermath of the COVID-19 pandemic and subsequent lockdowns, the government of Pakistan has disbursed a substantial amount of Rs 100 billion for the repayment of tax refunds and duty drawbacks.

by Mrs. Anjum Shahnawaz

Economic managers discuss coronavirus impact

Mar 16

Finance

Economic managers discuss coronavirus impact

ISLAMABAD: Dr. Abdul Hafeez Shaikh, advisor to the Prime Minister on Finance and Revenue, chaired a meeting on Monday the impact of the ongoing corona virus epidemic on the economy and the strategy to achieve the targets with maximum success. The meeting was held at the Finance Division to review the progress being made by […]

by Mrs. Anjum Shahnawaz

Meeting discusses tax rates on immovable properties

Dec 30

Taxation

Meeting discusses tax rates on immovable properties

ISLAMABAD: A meeting chaired by Dr. Abdul Hafeez Shaikh, adviser to the Prime Minister on Finance and Revenue, discussed proposals related to tax rates on properties, and realization of property valuation tables. The adviser met a delegation of Association of Builders and Developers of Pakistan (ABAD) in this regard. The delegation was represented by Hassan […]

by Mrs. Anjum Shahnawaz

FBR to issue around Rs3 billion tax refunds in next couple of days: Hafeez Shaikh

Dec 5

Taxation

FBR to issue around Rs3 billion tax refunds in next couple of days: Hafeez Shaikh

ISLAMABAD: Federal Board of Revenue (FBR) will issue another Rs2 to 3 billion tax refunds in next couple of days, Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue, said on Thursday in a meeting with leading businessmen. The adviser told the businessmen that FBR was working very hard to facilitate […]

by Mrs. Anjum Shahnawaz

Economic environment becomes stable, international community recognizes: Hafeez Shaikh

Dec 4

Finance

Economic environment becomes stable, international community recognizes: Hafeez Shaikh

ISLAMABAD: Dr Hafeez Shaikh Adviser to Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh on Wednesday said that after 15 months efforts the economic environment of Pakistan becomes more stable as being recognized by international community. “We inherited a very grim economic situation with the debt levels and the fiscal and current account […]

by Mrs. Anjum Shahnawaz

Hafeez Shaikh directs FBR to simplify Form-H within a week, expedite sales tax refund payment

Dec 3

Taxation

Hafeez Shaikh directs FBR to simplify Form-H within a week, expedite sales tax refund payment

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue, on Tuesday directed Federal Board of Revenue (FBR) to simplify form-H within a week and expedite payment of sales tax refunds. He gave the instruction during a meeting with the office-bearers and members of All Pakistan Textile Mills Association (APTMA). Adviser […]

by Mrs. Anjum Shahnawaz

Hafeez Shaikh calls for early resolution of pending issues between PTCL, Etisalat

Nov 21

IT & Telecom

Hafeez Shaikh calls for early resolution of pending issues between PTCL, Etisalat

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue on Thursday directed early resolution of pending issues between PTCL and Etisalat. Dr. Abdul Hafeez Shaikh has called for an early resolution of all outstanding issues regarding the PTCL privatisation with Etisalat and asked the stakeholders to finalise proposals on the […]

by Mrs. Anjum Shahnawaz

Tax system not to improve without documentation of economy: Hafeez Shaikh

Nov 16

Trade & Industry

Tax system not to improve without documentation of economy: Hafeez Shaikh

KARACHI: Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance and Revenue, on Saturday said that taxation system will not be improved without documentation of economy. He was addressing at a meeting with office bearers of Overseas Investors’ Chamber of Commerce and Industry (OICCI). He said that achieving economic growth was not possible without […]

by Mrs. Anjum Shahnawaz

Hafeez Shaikh terms agreement with traders to increase tax revenue

Oct 30

Taxation

Hafeez Shaikh terms agreement with traders to increase tax revenue

ISLAMABAD: Dr. Abdul Hafeez Shaikh, advisor to Prime Minister on Finance and Revenue, on Wednesday confirmed the agreement between the government and traders on various tax issues, including deferring the condition of Computerized National Identity Card (CNIC). “An agreement has been reached between the government and the traders community to increase tax revenue for growth […]

by Mrs. Anjum Shahnawaz