tax collection Archives - Page 7 of 10

New tax measures likely in budget 2022-2023

June 8, 2022December 4, 2024Faisal Shahnawaz

Pakistan is presenting the federal budget 2022-2023 on June 10, 2022. A bulk of new taxation measures likely to be announced in the budget to generate additional revenue.

Pakistan Budget 2022-2023 – estimates

June 8, 2022June 9, 2022Faisal Shahnawaz

Pakistan government is going to announce federal budget for fiscal year 2022-2023 on June 10, 2022. The country is eyeing revival of an IMF program and it is likely that the upcoming budget will have measures that promotes fiscal austerity and stabilization. According to Topline Securities the budget outlay for 2022-2023 is estimated at Rs9-9.5 […]

SRB collects Rs132 billion as services tax in 11 months

June 1, 2022June 1, 2022Hamza Shahnawaz

KARACHI: The collection of sales tax on services by Sindh Revenue Board (SRB) has increased by 21 per cent to Rs132 billion during first 11 months (July – May) 2021/2022. According to official data released on Wednesday, the SRB collected Rs132 billion during first eleven months of the current fiscal year as compared with Rs109 […]

FBR extends working hours on May 30 – 31 for tax collection

May 28, 2022May 29, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: The Federal Board of Revenue (FBR) on Saturday directed the offices of Inland Revenue to observe extended working hours to facilitate taxpayers in payment of duties and taxes. The FBR in an office memorandum directed all Large Taxpayers Offices (LTOs)/ Medium Tax Office (MTO)/ Corporate Tax Offices (CTOs)/ Regional Tax Offices (RTOs) to open […]

FBR surpasses collection target for July – April FY22

May 1, 2022May 11, 2026Mrs. Anjum Shahnawaz

ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed revenue collection target for the first 10 months (July – April) 2021/2022 (FY22) and collected Rs4.86 trillion, a statement said on Saturday.

LTO Karachi posts 41% collection growth in 10 months

April 30, 2022January 19, 2024Faisal Shahnawaz

The Large Taxpayers Office (LTO) in Karachi, the flagship revenue collection arm of the Federal Board of Revenue (FBR), has achieved an extraordinary 41% growth in revenue collection during the first 10 months of the current fiscal year (July – April).

Ukraine crisis, political unrest major threats to economy

March 29, 2022March 29, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: The ministry of finance on Tuesday warned aggravating Pakistan’s macroeconomic imbalances due to political unrest in the country and geopolitical uncertainty on Ukraine crisis. The finance ministry in monthly report stated Pakistan’s economic performance continues to be strong and is still on a trajectory compatible with an economic growth target of around 5 percent […]

IR offices to work till midnight on March 31

March 28, 2022March 28, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: The offices of Inland Revenue (IR) will observe extended working hours on last two days of the current month and facilitate tax payment till midnight on March 31, 2022. According to a notification issued by the Federal Board of Revenue (FBR) on Monday, the offices of Inland Revenue including Large Tax Offices (LTOs), Medium […]

Banks to observe extended hours for tax collection

March 25, 2022January 19, 2024Faisal Shahnawaz

The State Bank of Pakistan (SBP) has directed banks to observe extended working hours on the last two days of March 2022. This decision aims to streamline the tax payment process and provide convenience to individuals and businesses fulfilling their financial obligations.

FBR posts 30% growth to collect Rs3.35 trillion

January 31, 2022January 31, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs3.35 trillion during the first seven months (July – January) 2021/2022 with a growth of over 30 per cent, a statement said on Monday. The FBR issued provisional numbers of collection made during first seven months of the current fiscal year. The revenue body collected Rs2.571 […]

Tag: tax collection