Pakistan Revenue
ISLAMABAD: The government on Friday announced significant reduction in petroleum prices for next fortnight starting from October 01, 2022. According to the new prices, effective from October 01, 2022: The rate of petrol has been reduced by Rs12.63 per liter to Rs224.80 from Rs237.43. READ MORE: Pakistan reviews petroleum prices on Sept 30, 2022 amid […]
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ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Ishaq Dar on Thursday appreciated the Federal Board of Revenue (FBR) for taxing the rich. The finance minister presided over a meeting on the revenue performance during his visit to the FBR Headquarter. READ MORE: FBR issues procedure, collection of capital value tax He appreciated the work […]
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ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday issued procedure and collection of capital value tax (CVT). The government through Finance Act, 2022 imposed capital value tax on sale of immovable properties and motor vehicles. Following are the procedure and collection of the CVT. READ MORE: FBR may extend date for return filing tax […]
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ISLAMABAD: Federal Minister Ishaq Dar on Wednesday rejected allegations for injecting dollars to keep Pakistani Rupee (PKR) overvalued. Speaking to the media on arrival at the Finance Ministry, Federal Minister Ishaq Dar said the speculators will not be allowed to play with the local currency. READ MORE: PKR makes recovery against dollar for fourth straight […]
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ISLAMABAD: Federal Board of Revenue (FBR) has imposed major penalty upon a Customs chemical examiner for submitting wrong / misleading laboratory reports. According to details disciplinary proceedings under the Civil Servants (Efficiency & Discipline) Rules, 2020 were initiated against Aftab Ahmad, Assistant Chemical Examiner (BS-17), while posted at Collectorate of Customs, Port Muhammad Bin Qasim, […]
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Pakistan Tax Bar Association (PTBA) on Tuesday identified ambiguity in declaring of immovable property in income tax return filing. PTBA President Rana Munir Hussain in a letter to the chairman of Federal Board of Revenue (FBR) stated that the apex tax bar had received several representations from the members of different affiliated tax bars across […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday allowed refund adjustment to facilitate taxpayers in filing returns for tax year 2022. The FBR said it had received a number of representations from various Tax bars, businesses and other stakeholders on the issue of non-availability of refund adjustment tab in the return forms available in the […]
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Dr. Miftah Ismail has resigned the post of the finance minister on Sunday. Ismail has taken many tough decisions for the country’s economy during his stay since April 2022. “In a meeting with Mian Nawaz Sharif and Prime Minister Shehbaz Sharif today [Sunday September 25, 2022], I have verbally resigned as Finance Minister. I will […]
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Pakistan has reaffirmed its commitment to provide tax incentives and collaborative support to Qatari businessmen looking to invest in the country.
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Pakistan needs a speedy justice system in order to win the confidence of people and take quantum leap to reduce the pendency of cases. The Supreme Court of Pakistan (SCP) has taken various measures to improve the justice system in the country and encourage all the lower and higher courts to enhance efficiency in their […]
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