A supplier feeds sacrificial animals in a cattle market in front of the ULD AID in Karachi on June 7, 2024. – INP Karachi: Pakistan State Bank launched the national “Go Cashless” campaign on Monday to promote digital payments in order to reduce dependence on cash during cattle purchases at EID UL ADHA. This strategic … Read more
An image of representation for electronic commerce. – Reuters / File IMF discussions focus on spending reductions, higher tax revenue. Online shopping considered as a keyword of tax revenue. FBR may require platforms to perceive the sales tax. Islamabad: the government is considering various measures to pass the electronic trade under the tax umbrella in … Read more
Listen to the article The International Monetary Fund (IMF) in principle agreed a partial reduction in the tax rate for deductions on purchases of goods, following a request from the Federal Board of Revenue (FBR). The new rate, which will be reduced by two percent, is expected to come into force in April 2025. However, … Read more
The Minister of Finance Muhammad Aurangzeb. – Ministry of Finance / Files Finmin calls vehicle purchases for “necessary” FBR. Ensures that companies provide Vechiles were Pakistani. “Field work must that FBR improves tax collection.” Islamabad: the Minister of Finance Muhammad Aurangzeb assured that “transparency” would be ensured in the supply of 1,010 vehicles for the … Read more