Islamabad, Pakistan: The government has informed the International Monetary Fund (IMF) that it will implement a new digital portal for high-level public officials (BPS 17-22) to file their asset declarations. The […]
Karachi, Pakistan: The Directorate General of Customs Valuation Karachi has fixed new values for the import of 31 different types of power tools to ensure accurate assessment of duties and taxes. […]
Karachi, Pakistan: The Sindh Revenue Board (SRB) has announced that Sindh province has surpassed all other provinces in tax collection for the current financial year, despite having a lower tax rate. […]
Islamabad, Pakistan: The International Monetary Fund (IMF) has called on Pakistan’s provinces to implement tax reforms and contribute to fiscal consolidation efforts. The IMF emphasized the importance of reorganizing federal-provincial fiscal […]
Lahore, Pakistan: The Punjab Revenue Authority (PRA) has initiated inspections of restaurants in Lahore to ensure compliance with registration and tax regulations. PRA enforcement officers are verifying the registration status of […]
Islamabad, Pakistan: The government plans to establish a separate Tax Policy Office (TPO) under the Finance Ministry to handle tax policy matters. This move aims to separate tax policy formulation from […]
Islamabad, Pakistan: The Federal Board of Revenue (FBR) has registered a First Information Report (FIR) against a leading cement company, M/s Power Cement Limited, for alleged tax fraud worth Rs316 million. […]
Islamabad, Pakistan: The federal government has agreed with the International Monetary Fund (IMF) to implement seven new taxation measures if revenue collection falls short of the projected target by 1% during […]
Islamabad, Pakistan: The government has announced plans to repeal the remaining income tax exemptions for donations and non-profit organizations in the Second Schedule of the Income Tax Ordinance (ITO). As […]
Islamabad, Pakistan: The Federal Board of Revenue (FBR) is implementing stricter enforcement measures against high-income earners who underreport their income tax returns. FBR Chairman Rashid Mahmood Langrial announced that the […]