PBC Archives - Page 2 of 9

PBC Proposes 1% Corporate Tax Reduction for Listed Companies

February 17, 2025February 17, 2025Shahnawaz Akhter

Karachi, February 17, 2025 – The Pakistan Business Council (PBC) has proposed a 1% reduction in the corporate tax rate for listed companies with a minimum float of 25% in a given year.

PBC urges crackdown on illicit funds in real estate sector

February 1, 2025February 1, 2025Mrs. Anjum Shahnawaz

The Pakistan Business Council (PBC) has called on Prime Minister Shehbaz Sharif to take decisive action against black money in the real estate sector and establish a fairer competitive environment between the informal and formal sectors.

PBC Recommends Establishment of National Tax Authority

January 29, 2025January 29, 2025Mrs. Anjum Shahnawaz

Islamabad: The Pakistan Business Council (PBC) has put forth comprehensive policy recommendations for the upcoming budget 2025-26, emphasizing the need for a fully authorized National Tax Authority (NTA).

PBC Criticizes Termination of Transit Cargo Satellite Tracking

January 9, 2025January 9, 2025Shahnawaz Akhter

Karachi, January 9, 2025 – The Pakistan Business Council (PBC) has raised serious concerns regarding the Federal Board of Revenue’s (FBR) decision to terminate satellite tracking of transit cargo containers destined for Afghanistan. In a detailed letter addressed to the FBR chairman, the PBC highlighted the potential risks and adverse consequences of this policy change.

Aurangzeb Lauds Formal Sector for Bearing Tax Burden

December 16, 2024December 16, 2024Mrs. Anjum Shahnawaz

Islamabad, December 16, 2024 – Finance Minister Muhammad Aurangzeb has commended the formal sector for shouldering the brunt of front-loaded tax measures introduced under the government’s economic stabilization program.

PBC Raises Concerns Over Ambitious $65 Billion Export Target

July 24, 2024July 24, 2024Shahnawaz Akhter

Karachi, July 24, 2024 – The Pakistan Business Council (PBC), a leading advocacy group for Pakistani businesses, has expressed reservations about the government’s ambitious export target of $65 billion to be achieved within the next three years.

SRO 350 Sparks Controversy as PBC Raises Tax Return Concerns

July 9, 2024July 9, 2024Shahnawaz Akhter

Karachi, July 9, 2024 – The Pakistan Business Council (PBC) has raised significant concerns regarding recent amendments to the Sales Tax Rules, 2006, introduced through SRO 350(I)/2024 by the Federal Board of Revenue (FBR).

Aurangzeb Assures PBC of Addressing Budget Concerns

June 24, 2024June 24, 2024Shahnawaz Akhter

Islamabad, June 24, 2024 – Federal Minister for Finance and Revenue, Muhammad Aurangzeb, assured the Pakistan Business Council (PBC) on Monday that their recommendations would be considered in the finalization of the 2024-25 budget.

PBC Questions Massive Salary Increase for Govt Employees

June 13, 2024June 13, 2024Shahnawaz Akhter

In a critical response to the newly announced budget for the fiscal year 2024-25, the Pakistan Business Council (PBC) has raised significant concerns over the substantial salary increments granted to government employees.

PBC Opposes Withholding Tax on Bonus Shares

June 2, 2024June 2, 2024Shahnawaz Akhter

PkRevenue.com – The Pakistan Business Council (PBC) has voiced strong opposition to the imposition of a withholding tax on bonus shares issued by companies.

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