Chartered accountants call for lower sales tax rates and wider incentives to boost documentation and expand the sales tax net.
The Institute of Chartered Accountants of Pakistan (ICAP) has expressed concern over a decline in active sales tax registrations and urged the government to reduce sales tax rates in the federal budget 2026-27 to encourage greater documentation of the economy and improve tax compliance.
(more…)
FC Barcelona have officially strengthened their attacking options with the high-profile signing of England international winger Anthony Gordon from Newcastle United, marking one of the standout transfers of the window.
(more…)
The French Open 2026 has taken a dramatic turn as tennis giants continue to fall, with Novak Djokovic becoming the latest major casualty after losing a gripping five-set thriller to Brazilian teenager Joao Fonseca in the third round.
(more…)
Pakistan made a winning start to the three-match ODI series against Australia, securing a five-wicket victory in the opening match at Rawalpindi Cricket Stadium on Saturday.
(more…)
Toyota has officially launched the completely redesigned Hilux in its home market of Japan, introducing a pickup truck that blends rugged capability with modern technology and everyday practicality.
(more…)
Master Changan Motors is expected to expand its SUV lineup in Pakistan with the launch of the highly anticipated UNI-S mid-size SUV in June 2026.
(more…)
Pakistan’s automotive industry is gearing up for one of its busiest years in recent history, with 23 new vehicle launches expected between June and December 2026.
(more…)
Medium Taxpayers’ Office Karachi surpasses revenue goal with strong income tax and sales tax growth, boosting FBR’s fiscal outlook.
The Medium Taxpayers’ Office (MTO) Karachi has exceeded its tax collection target for May 2026, achieving the milestone two days before month-end and delivering a strong boost to the Federal Board of Revenue’s (FBR) revenue performance ahead of the fiscal year close.
(more…)
Chartered accountants propose comprehensive regulation and taxation framework for cryptocurrencies in Budget 2026-27 to expand tax base and improve oversight.
The Institute of Chartered Accountants of Pakistan (ICAP) has urged the government to introduce a comprehensive taxation and regulatory framework for crypto assets in the upcoming Budget 2026-27, citing rapid growth in digital asset adoption and the need for stronger financial oversight.
(more…)
FBR chairman Rashid Mahmood Langrial to assess tax collection performance and enforcement measures during key June visit.
Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), is scheduled to visit Karachi on June 1, 2026, to review tax collection performance and enforcement efforts during the final month of fiscal year 2025-26.
(more…)