Court restriction on telecom tax costs Rs55 billion: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has incurred loss of Rs55 billion due to restriction imposed by Supreme Court of Pakistan on collection of tax on phone services. Read more »

Sales tax refund payment falls by 70 percent in last year

ISLAMABAD: Federal Board of Revenue (FBR) has issued only Rs21.16 billion as sales tax refunds during last year which is 70 percent less than the preceding fiscal year. Read more »

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. Read more »

Weekly Review: market to maintain upsurge

KARACHI: The stock market to maintain upsurge in next week owing to foreign investors’ participation in local bond and equity markets. Read more »

Tax collection witnesses negative growth after 51 years

ISLAMABAD: The revenue collection in 2018/2019 has witnessed negative growth after 51 years, according to year book released by Federal Board of Revenue (FBR). The historical revenue collection shows the tax collecting... Read more »