The Federal Board of Revenue (FBR) revealed on Thursday that the share of sales tax on imports remained 56.4 percent while domestic sales tax contributed 43.6 percent to the total sales tax collection during 2020-21.In its biannual review, the FBR has …
The total liquid foreign exchange reserves were recorded at $24.03 billion as of November 5, 2021, tweeted the State Bank of Pakistan (SBP) on Thursday.The total liquid foreign reserves have seen a jump after a decline for consecutive five weeks. At th…
The sugar mills cannot remove their stocks from factories from November 11, 2021, unless each and every sugar bag is affixed with the tax stamp, a unique identification marking (UIM), specified by the Federal Board of Revenue (FBR).FBR issued an order …
Prime Minister Imran Khan has said that the federal government will provide all possible assistance for the welfare of the people of Gilgit-Baltistan.Talking to GB Chief Minister Khalid Khurshid in Islamabad on Thursday, he directed to give special emp…
President Dr Arif Alvi has called for expediting the process of digitization of the Parliament which will enable it to handle legislative business efficiently. He was chairing a meeting on President’s Initiative for Cyber…
Chairman and Deputy Chairman of the Senate along with PTI and allies senators met Prime Minister Imran Khan in Islamabad and discussed legislative matters in the upper house. Various members of the National Assembly…
The Central Depository Company has launched Pakistan’s first Professional Clearing Member in collaboration with the Pakistan Stock Exchange and the National Clearing Company of Pakistan Limited under the Regulatory Impetus of the Securities & Exchange …
The Federal Board of Revenue (FBR) suffered a blow to its tax-to-GDP ratio in the fiscal year 2021 as the economy slowed down due to the pandemic.FBR’s new report puts the tax-to-GDP ratio at 9.9 percent. However, the Board took timely short- and long-…
The fertilizer industry sold 5.1 million metric tonnes of urea in the first ten months of 2021, up from 4.6 million metric tonnes during the same period of 2020.In doing so, it met the rising domestic demand by selling 10 percent more urea than it had …
Traders are discontented with the government’s recent decision of setting a minimum price for the export of onions.They claim that the government should not be involved in setting the values of goods as it will lead to their products becoming uncompeti…
