ISLAMABAD: The provinces will be made part of ongoing dialogues with International Monetary Fund (IMF) regarding fiscal targets over medium term.
ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Wednesday decided to conduct an independent audit to check inflated bills of gas.
KARACHI: Abdul Razak Dawood, Advisor to the Prime Minister on Commerce, has said that 100 percent foreign shareholding remained allowed in legal entities incorporated in Pakistan.
KARACHI: The equity market fell by 109 points on Wednesday on buying activities in major scrips.
KARACHI: The Pak Rupee gained five paisas against US dollar on Wednesday owing to improved sentiments on expected foreign inflows.
ISLAMABAD: Around 2,574 outlets of 75 units of textile and leather sectors have started real-time information of their sales to Federal Board of Revenue (FBR), a statement said on Wednesday.
KARACHI: The domestic oil sales have dropped by 28.45 percent to 10.74 million tons during July – January 2018/2019 as compared with 15.01 million tons in the same period of the last fiscal year.
ISLAMABAD: The issuance of refunds by Federal Board of Revenue (FBR) decline by 24 percent yet the net collection for the first seven months witnessed huge shortfall.
KARACHI: The US dollar eases in the interbank foreign exchange market in early trading on Wednesday. The exchange rate in the foreign currency market was at Rs138.25 to the dollar in early trading. The foreign…
KARACHI: Sales Tax / Value Added Tax (VAT) is the most significant source of tax collection in the world. Unlike direct tax it is known as tax on consumption and involves various…
KARACHI: Federal Board of Revenue (FBR) has powers to recover outstanding tax from a resident Association of Persons (AOP) in case tax due of a non-resident, who is member of such AOP. FBR recently updated…
ISLAMABAD: Exchange rate losses have increased the public debt by around Rs1,200 billion, according to Fiscal Policy Statement 2018-2019 released by the Ministry of Finance.