In a bid to restore the confidence of taxpayers in the tax system and to ensure transparency and quick processing of the consignments, the office of the Federal Tax Ombudsman (FTO) has been consistently taking measures to eliminate maladministration an…
Federal Minister of National Food Security and Research, Syed Fakhar Imam, addressed a workshop organized by Islamic Organization for Food Security (IOFS) on “OIC Country Experience in Food Security Governance for Strengthening South-South Cooperation”…
Advisor to the Prime Minister on Finance and Revenue, Shaukat Tarin, emphasized the significance of Automation of processes at the Federal Board of Revenue (FBR) and deemed it crucial in facilitating taxpayers.He made these remarks while chairing a mee…
The Federal Board of Revenue (FBR) has taken a strong exception to a news story captioned “Tax Collection on Demand falls 41%” published in Express Tribune on December 19, 2021.In a media release, the FBR called the story “malicious in intent and suspi…
Finance Parliamentary Secretary Zain Qureshi said that the government is seriously considering bringing amendments to the Finance Bill through an ordinance.The government is now in a fix after the cabinet’s initial deliberation on the mini-budget yeste…
The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved Rs. 265.27 billion worth of projects related to road infrastructure and poverty alleviation.Presided over by Adviser to the Prime Minister on Finance and Revenue, Sh…
Leading international healthcare entity, Integrated Diagnostics Holdings (IDH), has signed a $72.35 million sale and purchase agreement (SPA) to acquire a 50 percent shareholding in Base Consultancy FZ LLC, the holding company of Islamabad Diagnostic C…
The government is considering raising the withholding tax (WHT) on cellular services from 10 percent to 15 percent in the forthcoming mini-budget.The advance tax on telecom services was originally cut from 12.5 percent to 10 percent in the state budget…
As many as 250 containers, carrying Kinnow from Punjab to Karachi, have been stuck at the National Highway in Qazi Ahmed town of Shaheed Benazirabad district of Sindh due to a sit-in. The sit-in, if prolonged, will cause a huge loss to the national exc…
The Cabinet approved the Strategic Trade Policy Framework (STPF) 2020-25 on Tuesday. STPF aims to enhance the ability of Pakistani enterprises capacity to produce, distribute and sell products and services more efficiently than competitors.Priority sec…
