Petroleum Products ISLAMABAD: The International Monetary Fund (IMF) has issued recommendations aimed at restructuring Pakistan’s taxation policies to enhance revenue generation and address environmental concerns. One key proposal involves imposing …
Federal Board of Revenue (FBR)
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Economy
IMF Mission Extends Stay Amid Lack of Consensus on Staff-Level Agreement
by Hamza Irshadby Hamza IrshadIMF Mission ISLAMABAD: The International Monetary Fund (IMF) review mission has prolonged its stay in Pakistan by a day, signaling a lack of consensus between both parties regarding a staff …
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Economy
FBR’s Bold Move: 25% Sales Tax Imposed on Luxury Local Vehicles
by Hamza Irshadby Hamza IrshadVehicles The Federal Board of Revenue (FBR) has introduced a significant policy shift by imposing a 25% sales tax on locally manufactured or assembled vehicles, following a revision in the …
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Latest Updates
Rahat Fateh Ali Khan Denies Allegations, Asserts Old Video Used to Tarnish Reputation
by Hamza Irshadby Hamza IrshadOld Video Renowned Pakistani singer Rahat Fateh Ali Khan has vehemently denied allegations stemming from a leaked video, asserting that the footage in question is nine months old and is …
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Latest Updates
FBR Surpasses Revenue Targets, Collects Record-Breaking Rs 5,150 Billion in First Seven Months of FY 2024
by Hamza Irshadby Hamza IrshadThe Federal Board of Revenue (FBR) has reportedly outperformed its revenue collection target for the initial seven months of the Current Fiscal Year. The data indicates that the FBR successfully …
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Latest Updates
After ECP Setback, Caretakers Transfer FBR Authority to Democratically Elected Officials
by Hamza Irshadby Hamza IrshadFBR ISLAMABAD: The Election Commission of Pakistan (ECP) has halted the caretaker government’s ambitious plan to restructure the Federal Board of Revenue (FBR), citing its controversial nature. Finance Minister Shamshad …
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Tax ISLAMABAD: In its persistent endeavors to expand the tax base, the Federal Board of Revenue (FBR) has concluded a comprehensive scheme aimed at taxing retailers across the country, according …
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Economy
Historic Milestone: FBR Achieves Record Collection of Over Rs1 Trillion in December 2023
by Hamza Irshadby Hamza IrshadFBR ISLAMABAD: The Federal Board of Revenue (FBR) has etched a historic achievement by surpassing the Rs1 trillion mark in tax collection for December 2023, exceeding the monthly target, on …
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Gas Price Hike In a decisive move, the caretaker government has opted to raise gas prices in January 2024, citing the surge in fuel usage during the approaching winter season. …
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Latest Updates
Federal Cabinet Accepts bilateral Investment Treaties with Saudi Arabia and Qatar
by Hamza Irshadby Hamza IrshadInvestment Treaties During today’s meeting, the Federal Cabinet approved the negotiation of bilateral investment treaties with Saudi Arabia and Qatar based on the Investment Board’s recommendation, as per a press …