Listen to the article The Economic Coordination Committee (ECC), led by the Minister of Finance, Muhammad Aurangzeb, has approved several critical economic decisions, including tax exemptions for the International Cricket Council (ICC) concerning the Champions Trophy ICC 2025. One of the main decisions made at the meeting was the approval of a tax exemption for … Read more
The Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb addressing the media at the headquarters of PTV. – App / file The retailers asked to formalize companies, to pay a fair share. Pakistan aims to upgrade the “single B” credit rating. Rs 9.4 Billions in cash to be formalized. Islamabad: Federal Minister for Finance … Read more
An image of representation showing the FBR logo. – FBR website / file Govt places the FBR political wing under the Ministry of Finance. Process to take a few months; Become operational from the ex-exercise. Office of tax policy to support the analysis of tax policies, proposals. Islamabad: In his attempt to comply with the … Read more
A man takes a photo of the electronic card on the Pakistan Stock Exchange in Karachi on November 28, 2023. – Reuters PSX plunges 1,634 points, farm at 110,301.16. The lowering feeling persists while the index strikes 109,405 low. KSE -100 sees -1.46% a drop after brief intraday gains. The stock market was under pressure … Read more
A man walks with bags of supplies on his shoulder to deliver to a neighboring store in a market in Karachi on June 11, 2024. – Reuters FBR collects 6,496 billion rupees against the target of 6,964 billion rupees from July to January. The income deficit was located at Rs384bn in July-December period. The organization’s … Read more
The Minister of Finance of India, Nirmala Sitharaman, holds a file with the government of the India logo when it poses with its officials while leaving its office to present the annual budget in Parliament, in New Delhi, India India , February 1, 2025. – Reuters New Delhi: India plans to reduce income tax rates … Read more
The president of the FBR, Rashid Mahmood Langrial, speaks during the ceremony as part of the International Customs Day 2025, which was held at Old Custom House in Karachi on Sunday January 26, 2025. – Ppi 1.695 million real estate transactions carried out last year. 93% of transactions assessed below RS5 million. 12 individuals disclosed … Read more
People wait for their turn out at an ATM in Islamabad. – AFP / File The rates of salaried class slabs were revised upwards at the request of the IMF. FBR collects Rs 367 billion from the salaried class in the last financial year. The board faces a mammoth task of collecting Rs12.97 trillion in … Read more
Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), addresses an event. — National Defense University website/file FBR chairman urges people to pay their taxes. He says the tax rates are wrong and should be corrected. The objective is to bring the richest individuals to net-of-tax income. Slamming the culture of tax evasion … Read more
The Federal Board of Revenue (FBR) has initiated consultations with key stakeholders to finalize proposals for the Federal Budget 2025-2026, focusing on phasing out tax exemptions, increasing revenue generation and rationalization of tax laws. In an official communication to business associations such as Federation of Pakistan Chambers of Commerce and Industry (FPCCI), American Business Council, … Read more
The broker is busy trading at the Pakistan Stock Exchange in Karachi on Wednesday, January 1, 2025. — PPI The capital market opened on a cautious note on Friday, as investors balanced optimism over easing inflation and improving macroeconomic indicators with concerns over rising trade and debt deficits. tax collection. The market showed a mixed … Read more
An undated image of the Federal Board of Revenue (FBR) building in Islamabad. – APPLICATION The FBR has recovered Rs 275 billion as of December 31, 2024. 1,326 billion rupees were collected in December, 47 billion rupees short of the target. FBR repaid Rs272 billion in the first six months of CFY. ISLAMABAD: The Federal … Read more