IMF Rejects Reduction in Property Transaction Taxes The International Monetary Fund (IMF) has prohibited the Federal Board of Revenue (FBR) from reducing transaction taxes on Pakistan’s property sector. This contradicts…
The International Monetary Fund (IMF) is expected to revise down Pakistan’s revenue collection target for the current fiscal year, reducing it by Rs. 490 billion from the original Rs. 12,970…
A heated debate has erupted between lawmakers and the IT sector over allegations of textile companies falsely claiming IT export status to benefit from significantly lower tax rates. During a…
Procurement Freeze Until Official Recommendations The Federal Board of Revenue (FBR) has put the purchase of 1,010 vehicles on hold, awaiting the final decision based on the recommendations of the…
The federal government is preparing to amend the Civil Servants Act by the end of February, making asset declarations mandatory for BS-17 to BS-22 public officials. This amendment aligns with…
The federal government is expected to withdraw the Federal Excise Duty (FED) on the transfer of plots and commercial properties under the Finance Act 2024 due to low revenue collection…
The Securities and Exchange Commission of Pakistan (SECP) has issued a statement addressing complaints from individuals, particularly senior citizens, who have lost their hard-earned money through investments in fraudulent real…
PTA Reminds International Travelers to Register Mobile Devices and Pay FBR Taxes The Pakistan Telecommunication Authority (PTA) has issued a reminder to international travelers bringing mobile devices into Pakistan to…
FBR Struggles to Meet January 2025 Revenue Collection Target The Federal Board of Revenue (FBR) is facing challenges in achieving its revenue collection target for January 2025. According to sources,…
Finance Minister Muhammad Aurangzeb announced on Thursday that efforts are underway to simplify the tax return form for the salaried class. Speaking at a Senate Standing Committee on Finance and…
