Mar 10

IMF should not object to PM relief package: Tarin

ISLAMABAD: Pakistan’s Finance Minister Shaukat Tarin on Wednesday said International Monetary Fund (IMF) should not object to the relief package announced by the prime minister as the country is generating own resources for the package besides increasing the revenue. The Finance Minister addressing a new conference here said negotiations have been held with the IMF […]

by Mrs. Anjum Shahnawaz

IMF board approves $1.059 billion tranche for Pakistan

Feb 2

Finance, Top stories

IMF board approves $1.059 billion tranche for Pakistan

ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) on Wednesday approved sixth tranche under $6 billion Extended Fund Facility (EFF) for Pakistan. Finance Minister Shaukat Tarin announced this in a Tweet. “I am pleased to announce that IMF Board has approved 6th tranche of their program for Pakistan.” Pakistan will get around $1.059 […]

by Mrs. Anjum Shahnawaz

Supplementary bill aimed at documenting economy: Tarin

Jan 13

Finance, Top stories

Supplementary bill aimed at documenting economy: Tarin

ISLAMABAD: The Finance (Supplementary) Bill, 2021 is aimed at documentation of economy instead generating revenue, Finance Minister Shaukat Tarin said on Thursday. On the floor of the lower house, the finance minister said that the supplementary bill had been drafted to document the economy. He said that in the past no such efforts were made […]

by Mrs. Anjum Shahnawaz

IMF wants Pakistan to improve tax to GDP ratio to 20%

Jan 11

Finance

IMF wants Pakistan to improve tax to GDP ratio to 20%

ISLAMABAD: Finance Minister Shaukat Tarin on Tuesday said the International Monetary Fund (IMF) wanted Pakistan to improve tax to GDP ratio to 20 per cent through structural changes. Improving tax to GDP ratio to 20 per cent from 9 per cent is in the benefit of the country, he added. Addressing to the interactive session […]

by Mrs. Anjum Shahnawaz

Retail sector’s sales worth Rs16 trillion not in tax net: Tarin

Jan 10

Finance, Taxation, Top stories

Retail sector’s sales worth Rs16 trillion not in tax net: Tarin

ISLAMABAD: Finance Minister Shaukat Tarin on Monday said that sales worth Rs16 trillion of the retail sector is not in the tax net. “The total sale of retail sector in the country is Rs20 trillion, and Rs16 trillion of it is not in the tax net,” he said while briefing the Senate’s Standing Committee on […]

by Mrs. Anjum Shahnawaz

Tarin warns tax evaders of strict actions

Jan 7

Taxation, Top stories

Tarin warns tax evaders of strict actions

ISLAMABAD: Finance Minister Shaukat Tarin on Friday warned tax evaders and potential taxpayers to pay their liabilities before harsh actions initiated against them. At the launching of National Sales Tax Return, by Federal Board of Revenue (FBR), he asked the unregistered potential taxpayers to initiate paying taxes before the government reaches them within a couple […]

by Faisal Shahnawaz

Tax exemptions worth Rs343 billion withdrawn through mini-budget

Dec 30

Finance, Taxation, Top stories

Tax exemptions worth Rs343 billion withdrawn through mini-budget

The Pakistani government unveiled a mini-budget on Thursday, signaling the withdrawal of tax exemptions amounting to Rs343 billion.

by Mrs. Anjum Shahnawaz

Text of Finance (Supplementary) Bill, 2021

Dec 30

Finance, Top stories

Text of Finance (Supplementary) Bill, 2021

ISLAMABAD: The federal government on Thursday presented the Finance (Supplementary) Bill, 2021 which is called mini-budget by many quarters due to changes in taxation system. According to Finance Minister Shaukat Tarin the government has reviewed tax exemptions. This withdrawal of tax exemption will not affect the common men. Following is the text of the Finance […]

by Mrs. Anjum Shahnawaz

Tarin assures car importers of maximum support

Dec 18

Automotive, Finance

Tarin assures car importers of maximum support

ISLAMABAD: Shaukat Tarin, Adviser to the Prime Minister on Finance and Revenue, on Friday assured an association of car dealers and importers of maximum support in resolving their issues. The adviser held a meeting with Mian Shoaib Ahmed, Chairman All Pakistan Car Dealers and Importers Association (APDA) at Finance Division. READ MORE: Prudent reforms helped […]

by Mrs. Anjum Shahnawaz

Prudent reforms helped improve tax-to-GDP ratio: Tarin

Dec 9

Finance

Prudent reforms helped improve tax-to-GDP ratio: Tarin

ISLAMABAD: Shaukat Tarin, Adviser to the Prime Minister on Finance and Revenue, Thursday said prudent fiscal reforms have helped in improving the tax-to-GDP ratio. He said this while addressing at an event organized by Pakistan Business Council. READ MORE: Tax to GDP ratio at 20% prime objective: Tarin The adviser highlighted the economic priorities of […]

by Mrs. Anjum Shahnawaz