Super tax application may be amended to generate around Rs2 billion

KARACHI: Federal Board of Revenue (FBR) may recommend amending application of super tax in the forthcoming budget 2019/2020 to generate around Rs2 billion. FBR sources said that the tax authorities had recommended amendments to Section 4B of Income Tax Ordinance, 2001 through Finance Bill, 2019. The sources said that it had been recommended to apply […]

by Faisal Shahnawaz

Super tax rate enhanced for banks; non-banks to be exempted from tax year 2020

In a move to bolster revenues and streamline the tax structure, the Pakistani government has increased the super tax rate for banking companies to 4 percent until the tax year 2021.

by Mrs. Anjum Shahnawaz

Finance Minister Asad Umar Unveils Economic Reform Package to Boost Investment and Exports

On Wednesday, Finance Minister Asad Umar took the floor of the house to present a comprehensive economic reform package aimed at promoting investment and exports in Pakistan.

by Mrs. Anjum Shahnawaz