Group formed to remove irritants in FBR-NADRA data sharing

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh on Thursday constituted a high powered group to remove difficulties in data sharing between Federal Board of Revenue... Read more »

Hafeez Shaikh directs FBR to pay income tax refunds of up to Rs50 million

KARACHI: Dr Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue on Thursday directed Federal Board of Revenue (FBR) to make payment of all income tax refunds of up... Read more »

Pakistan makes substantial progress in completing remaining FATF Action Plan: Hafeez Shaikh

ISLAMABAD: Pakistan has made substantial progress towards completing remaining action plan of Financial Action Task Force (FATF) through increasing the effectiveness of its AML/ CFT Regime, Dr Abdul Hafeez Shaikh, Adviser to... Read more »

Hafeez Shaikh directs FBR to collect data for effective budget making

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh on Monday directed the Federal Board of Revenue (FBR) to collect data for effective budget making for year... Read more »

Coronavirus may deeply distort economic fabric of Pakistan: Hafeez Shaikh

ISLAMABAD: Coronavirus led impacts are expected to deeply distort economic fabric of Pakistan, said Dr. Abdul Hafeez Shaikh, Advisor to the Prime Minister on Finance and Revenue. He called for demonstration of... Read more »

ECC approves free period for cargo, containers landing up to May 31

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet non Wednesday approved free period from five working days to 15 working days for cargo and containers landing up to May 31, 2020.... Read more »

Think tank discusses viability of reducing GST to five percent

ISLAMABAD: The second meeting of think tank on Saturday discussed the viability of reducing General Sales Tax (GST) from existing 17 percent to five percent on consumer goods to kick start consumer... Read more »

Rs100 billion released for tax refunds, duty drawback repayments

ISLAMABAD: The government has released Rs100 billion for repayment of tax refunds and duty drawback in order to ease liquidity problems of industry, especially in the wake of coronavirus outbreak and lockdown.... Read more »

Economic managers discuss coronavirus impact

ISLAMABAD: Dr. Abdul Hafeez Shaikh, advisor to the Prime Minister on Finance and Revenue, chaired a meeting on Monday the impact of the ongoing corona virus epidemic on the economy and the... Read more »

Meeting discusses tax rates on immovable properties

ISLAMABAD: A meeting chaired by Dr. Abdul Hafeez Shaikh, adviser to the Prime Minister on Finance and Revenue, discussed proposals related to tax rates on properties, and realization of property valuation tables. Read more »