Tax
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Business
Salaried Class Becomes Third-Largest Tax Contributor in Pakistan
The salaried class has become the third-largest contributor to Pakistan’s tax revenue, with a nearly 40% rise in tax collection…
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Business
Federal Government Faces Rs80-90 Billion Tax Target Shortfall for December
ISLAMABAD: The federal government is bracing for a tax revenue shortfall of Rs80-90 billion in December 2024, despite recent measures…
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Business
ECC Approves Rs3.7 Billion Restructuring Plan for PRAL
The Economic Coordination Committee (ECC) has approved a comprehensive restructuring plan for Pakistan Revenue Automation Limited (PRAL). The committee has…
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Business
Stricter Rules for Non-Filers: Tax Law Amendment Bill 2024-25 Presented
Islamabad: Finance Minister Muhammad Aurangzeb presented the Tax Law Amendment Bill 2024-25 in the National Assembly. The bill aims to…
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Business
Pakistan Resolves to Tax All Sectors Equitably: Aurangzeb
ISLAMABAD: The government has decided to recover taxes from all sectors, including real estate, wholesale, and agriculture, which have previously…
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Business
Govt Plans Tax Relief for Salaried Class, Targets Cigarette Tax Evasion
ISLAMABAD: Minister of State for Finance and Revenue, Ali Pervaiz Malik, announced Thursday that the government aims to reduce the…
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Business
FBR Introduces Daily Update System for Active Taxpayers List
Karachi: The Federal Board of Revenue (FBR) has made a significant amendment to the Income Tax Rules, 2002. 8 The…
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Business
Pakistani Delegation Briefs IMF on Fiscal and Energy Reforms
ISLAMABAD: A Pakistani delegation briefed the International Monetary Fund (IMF) on Tuesday about the steps taken to expand fiscal space…
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