A trader counts Pakistani rupee notes at a currency exchange office in Peshawar. — Reuters/File The banking sector rate increased from 39% to 44%. The national treasury is expected to receive between 70 and 75 billion rupees in taxes. ADR to be replaced by fixed maximum slab ratios. ISLAMABAD: The federal government plans to add … Read more
Representative image of a Pakistani trader counting money in a store in Islamabad. — AFP/File A recently introduced bill may pose major challenges to meeting revenue goals. The government could achieve a “breakthrough” in ongoing negotiations with the banks within a few days. The government has so far ruled out the possibility of any mini-budget … Read more
A vendor displays different fruits to attract customers at his stall in Hyderabad on February 11, 2023. — APP FBR chief admits revenue leakage of Rs1.2tr in income tax sector. Langrial presented strict measures to improve tax compliance. The official admits that falling inflation has affected revenue collection. ISLAMABAD: Federal Board of Revenue (FBR) Chairman … Read more
Representative image of a trader reading a newspaper while selling betel leaves, cigarettes and sweets in Karachi. — Reuters/File The PM emphasizes the use of video analytics to improve revenue collection. Leads its rapid implementation in cement and tobacco industries. Premier calls for early completion of digitalization of FBR value chain. LAHORE: As the federal … Read more
The International Monetary Fund (IMF) logo is seen outside its headquarters in Washington, the United States, September 4, 2018. — Reuters The IMF mission concludes its visit to Pakistan from November 12 to 15. He says he is encouraged by the authorities’ commitment to reforms. Next mission for the first review of the FEP expected … Read more