tax
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PM hopes for resolution of Rs400b tax cases | The Express Tribune
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[ad_1] Listen to article ISLAMABAD: Prime Minister Shehbaz Sharif has expressed confidence that the pending tax cases of Rs400 billion will be resolved, as reflected in a recent Sindh High Court ruling, which has resulted in a relief of Rs23 billion for the government. While discussing the government’s achievements in a recent cabinet meeting, the PM highlighted…
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Tax revenue from cigarettes to decrease Rs34b | The Express Tribune
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[ad_1] Listen to article ISLAMABAD: British American Tobacco (BAT) has urged the government to review its heavy taxes on smokeless products, including vapours, and to clamp down on the illicit trade of cigarettes that is expected to dent state revenue by Rs34 billion in this fiscal year. A delegation of BAT and its affiliate Pakistan Tobacco Company…
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Govt approves tax relief for ICC as Pakistan hosts Champions Trophy 2025
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[ad_1] Minister for Finance and Revenue, Senator Muhammad Aurangzeb chairs the meeting of the Economic Coordination Committee (ECC) of the Cabinet at the Finance Division on February 20, 2025. — PID ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved income tax exemptions for the International Cricket Council (ICC) in connection with…
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FBR chief vows to collect Rs13,500bn in tax revenue this year
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[ad_1] Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial addresses an event. — National Defence University website/File Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial on Saturday vowed to collect Rs13,500 billion in tax revenue this year despite facing shortfall in the first half of the current fiscal year. The FBR faced a significant…
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Event organisers to bear 10% withholding tax imposed on marriage halls
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[ad_1] An image of a wedding hall. — Facebook KARACHI: In yet another blow to already burdened citizens, the Federal Board of Revenue (FBR) has imposed a 10% withholding tax on marriage halls, which will be borne by event organisers. In a statement issued on Friday, Rana Raees — President of the Marriage Hall Association…
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Tax evaders, abettors will be brought to justice, vows PM Shehbaz
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[ad_1] Prime Minister Shehbaz Sharif chairs a meeting to review overall economic situation of country on Nobember 18, 2024. — Radio Pakistan Underscoring the need for enhancing tax revenue, Prime Minister Shehbaz Sharif on Monday said that tax evaders and their abetters would be taken to task. His remarks came a day after Finance Minister…
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IMF urges Pakistan to harness untapped tax sources to boost revenue
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[ad_1] The seal for the International Monetary Fund is seen near the World Bank headquarters (R) in Washington, DC on January 10, 2022. — AFP The International Monetary Fund (IMF) has called on Pakistan to widen its tax base by focusing on untapped revenue sources, as the country struggles to boost its tax collection efforts.…
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No further extension in deadline to file tax return: FBR
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[ad_1] An undated image of a cashier counting Rs500 notes. — AFP/File ISLAMABAD: A spokesperson of the Federal Board of Revenue (FBR) stated on Friday there was no possibility of a further extension in the deadline to file income tax returns after it expired on October 31. The FBR had extended the deadline twice —…
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Aurangzeb urges tax reforms, energy subsidy cuts to address challenges
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[ad_1] Finance Minister Muhammad Aurangzeb pictured during his meeting with President Asian Development Bank Masatsugu Asakawa on the sidelines of IMF-WB Annual Meetings on October 25, 2024. — X@Financegovpk ISLAMABAD: Finance Minister Muhammad Aurangzeb, while speaking at an event on the sidelines of World Bank-International Monetary Fund (IMF) Annual Meetings, has stressed the need for reforms in taxation…
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FBR once again extends deadline for filing income tax returns
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[ad_1] An undated image of the Federal Board of Revenue (FBR) building in Islamabad. — APP ISLAMABAD: The Federal Board of Revenue (FBR) has once again announced an extension of the deadline for submitting income tax returns to October 31. “In exercise of the powers conferred under Section 214A of the Income Tax Ordinance, 2001,…
