|
![]() |
![]() Mubarak Zeb KhanDawn Business |
ISLAMABAD: The government has introduced a series of new provisions to expand sales tax registration and tighten compliance through penalties,...
• Rs1m fines proposed for unregistered online vendors in new Finance Bill • Banks, couriers to deduct withholding tax under new plan • Fine for...
Ziauddin • Exports expected to rise by $5bn by the end of five-year reform period • Super tax rate cut by 50bps for income slabs between Rs200m...
• Up to 80pc tax relief for salaried individuals earning Rs600,000-1.2m annually • Minimal relief for top salary brackets earning above Rs4.1m •...
• Sales tax waivers jump almost 50pc to Rs4.25tr • Income tax exemptions surge 68pc to over Rs800bn ISLAMABAD: Tax exemptions granted by the...
• Many goods, services will now be taxed at higher rates • Lower rates for digital payments versus cash transactions set to replace distinction...
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), eased 0.02 per cent year-on-year in the week ending June 5 owing to a...
ISLAMABAD: Prime Minister Shehbaz Sharif has approved a reduction in duties on over 7,066 tariff lines, which include raw materials, intermediate...
ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to engage the services of world-renowned companies for...
• Seek urgent meeting with PM to address ‘restrictive policies’ • Sound alarm over tariff hurdles, supply chain disruptions ISLAMABAD: Textile...
ISLAMABAD: The Federal Board of Revenue (FBR) missed its revenue collection target by nearly Rs1.008 trillion in the first 11 months of FY25 due to...
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), rose 0.41 per cent year-on-year in the week ending May 29 owing to a...
ISLAMABAD: Pakistan’s trade gap with the Middle East widened by 9.89 per cent to $11.731 billion during the first 10 months (July-April) of FY25...
ISLAMABAD: Pakistan’s oil import bill experienced double-digit growth, while exports of petroleum products increased during the first 10 months of...
• Both sides to continue discussions on revenue, defence, development, tariff reforms • Next review likely in second half of 2025 • Mission...
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), rose 1.35 per cent year-on-year in the week ending May 22 owing to a...
ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue directed the Federal Board of Revenue (FBR) on Thursday to automate and...
ISLAMABAD: Pakistan’s trade deficit with nine neighbouring countries widened by 34.64 per cent, reaching $9.787 billion in the first ten months of...
ISLAMABAD: The Federal Board of Revenue plans to introduce digital tracking of freight vehicles to prevent sales tax evasion and curb smuggling. A...
• GDP expands at 2.6pc, per capita income sees modest rise to $1,824 • Economy size swells to $411bn, agriculture grows just 0.56pc and LSM...
ISLAMABAD: Pakistan’s food import bill surged to nearly $7 billion during the first 10 months of the current fiscal year, rising from $6.82bn in the...
ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a high-powered steering committee to implement the five-year National Tariff Policy aimed at...
• Overhaul aims to cut customs, regulatory duties • Reforms expected to boost exports by $5bn in five years • Simple average tariff to fall from...
ISLAMABAD: The National Assembly Standing Committee on Commerce has recommended that the government grant a one-year extension to the elected...
ISLAMABAD: Pakistan’s merchandise exports to North America rose 11.24 per cent to $4.837 billion in the first nine months of 2024-25 from $4.348bn...
ISLAMABAD: The Pakistan Textile Exporters Association (PTEA) has urged the government to rectify anomalies in the industrial electricity...
ISLAMABAD: Pakistan’s exports to European countries grew 8.18 per cent in the first nine months of the current fiscal year from a year ago, mainly...
ISLAMABAD: The Sensitive Price Index (SPI) recorded a negative growth of 0.80 per cent year-on-year in the week ending May 8. The SPI-based inflation...
ISLAMABAD: Pakistan’s export of services grew 9.85 per cent to $6.24 billion in the first nine months of 2024-25 from $5.68bn a year ago, driven by...
ISLAMABAD: Pakistan has enacted a 60-day ban on importing and exporting precious metals, jewellery, and gemstones to stabilise its foreign exchange...
• PM says ongoing reforms aimed at reducing burden on the common man • Chambers, traders’ bodies slam govt for not taking them on board ...
THE Federal Board of Revenue (FBR) has implemented a fully digitised new performance management system (PMS) that promises transparency and efficiency...
ISLAMABAD: The country’s merchandise exports recorded a negative growth of 8.93 per cent in April, marking the second such instance during the...
ISLAMABAD: Pakistan’s trade deficit with the Middle East increased 10.11 per cent to $10.502 billion in the first nine months of FY25 from $9.538bn...
ISLAMABAD: The Federal Board of Revenue (FBR) missed its collection target by nearly Rs831 billion in the first 10 months of the current fiscal year,...
ISLAMABAD: Pakistan’s top chambers of commerce and industry on Wednesday urged the Senate Standing Committee on Finance and Revenue to get...
ISLAMABAD: Textile exporters have expressed grave concern over the ongoing transportation disruptions that have severely hindered the movement of...
ISLAMABAD: With the threat of steep new US tariffs looming over Pakistan’s textile sector, two federal ministers have pledged to raise exporters’...
ISLAMABAD: The Federal Board of Revenue (FBR) has submitted a summary to the federal cabinet requesting the withdrawal of Federal Excise Duty (FED) on...
ISLAMABAD: Pakistan’s trade deficit with nine neighbouring countries swelled 34.37 per cent to $8.467 billion during the first nine months of FY25...
ISLAMABAD: The government has appointed a fresh batch of 28 Trade and Investment Officers (TIOs) for posting in foreign missions to bolster...
ISLAMABAD: Pakistan’s raw food exports rose 1.62 per cent to $5.75 billion during the first nine months of the current fiscal year compared to...
• Visits revenue body’s headquarters, launches indigenous performance management system • Tax authority set to roll out digital invoicing for...
ISLAMABAD: Pakistan and Afghanistan on Thursday resumed high-level trade and investment talks after a year-long gap to facilitate cargo movement at...
ISLAMABAD: The Senate Standing Committee on Finance and Revenue has delayed finalising the Income Tax Amendment Bill 2025 and summoned the FBR...
ISLAMABAD: A joint committee of the Senate has declared Pakistan Customs a key impediment to cross-border trade due to its use of “irrational”...
ISLAMABAD: Pakistan’s merchandise exports to North America grew 9.76 per cent to $4.273 billion in the first eight months of the current fiscal year...
ISLAMABAD: The Sensitive Price Indicator (SPI), a basket of items used to measure short-term inflation, posted its biggest-ever fall during the week...
ISLAMABAD: The National Price Monitoring Committee on Thursday showed concerns over the rising trend in perishable products and directed the Ministry...
ISLAMABAD: The Federal Board of Revenue (FBR) informed the National Assembly that the salaried class has become the third largest contributor to tax...