Pakistan Revenue
Accounting is the process of recording, summarizing, and analyzing financial transactions to provide accurate financial information for decision-making.
KARACHI, April 28, 2026 — The Institute of Cost and Management Accountants of Pakistan (ICMAP) has flagged significant imbalances in the distribution of private sector credit in Pakistan, warning that uneven lending patterns are undermining industrial growth and long-term economic stability.
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Karachi, March 20, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has submitted a comprehensive set of revenue proposals to the Ministry of Finance for consideration in the upcoming Federal Budget 2026–27, aimed at broadening the tax base, documenting informal sectors, and generating sustainable revenue.
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Karachi, February 13, 2026 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has formally recommended replacing the Rs10 banknote with a coin, a move it says could save billions of rupees annually while improving currency management and operational efficiency across Pakistan.
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KARACHI — Azeem Hussain Siddiqui has taken charge as the President of the Institute of Cost and Management Accountants of Pakistan (ICMAP), following the successful completion of the Institute’s constitutional election process for the remaining 2024–2026 term, according to a press release.
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KARACHI: Federal Board of Revenue (FBR) has said that a person’s income chargeable to tax shall be computed in accordance with the method of accounting regularly employed by such person. The FBR issued Income Tax Ordinance, 2001 updated till June 30, 2019 incorporating amendments made through Finance Act, 2019. The FBR explained method of accounting […]
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