ISLAMABAD - Prime Minister Imran Khan Friday insisted on expanding the tax net in order to provide better facilities to the public. The prime minister expressed his view during a meeting with Chairman FBR Shabar Zaidi and Chairman NADRA Usman Yousaf Mobin. Steps required to increase the tax ...

ISLAMABAD - The government of Pakistan Tehreek-e-Insaf (PTI) today completed its first year in power under the leadership of Prime Minister Imran Khan. During this period, the government took a number of steps for the development of different sectors, despite innumerable challenges, the Radio ...

LAHORE – Traders are observing complete shutter-down strike nationwide today against the Pakistan Tehreek-e-Insaf (PTI)-led federal government for imposing ‘unfair taxes’ and ineffective economic policies. Earlier, the All Pakistan Anjuman-e-Tajran (APAT) had announced a nationwide ...

LAHORE - Minister of State for Revenue Hammad Azhar said that the government will take along the business community and all other stakeholders while introducing any procedural changes in tax rate mechanism. This he said while talking to business community representatives at the Lahore Chamber of ...

ISLAMABAD - Today is the last date for declaration of Assets under Assets Declaration Scheme through a Presidential Ordinance, the Radio Pakistan reported. In a clarification statement, Federal Board of Revenue (FBR) said that it also include the condition of retaining cash, foreign currency and ...

ISLAMABAD – Prime Minister's Adviser on Finance Dr Abdul Hafeez Shaikh has announced that the government has extended the date of Asset Declaration Scheme till Wednesday. He was addressing a news conference, flanked with Prime Minister's Special Assistant on Information Dr Firdous Ashiq Awan, ...

ISLAMABAD – Former caretaker provincial minister of Sindh, Shabbar Zaidi has been appointed as the new chairman of Federal Board of Revenue (FBR) on Monday. The announcement was made by Prime Minister Imran Khan during a conversation with senior journalists in the federal capital. Khan revealed ...

Lahore - The Federal Board of Revenue (FBR) has issued a notification for increasing General Sales Tax (GST) on petroleum products after the approval of the federal cabinet. The GST on petrol has been increased from 2% to 12%. The GST on kerosene oil has been increased from 8% to 17% while that on ...

LAHORE – The Lahore High Court on Wednesday set aside the suo moto powers of Federal Board of Revenue (FBR) to collect sales tax from the business community without registering them under Sale Tax Act 1990 and Sale Tax Rules 2006. A two-member bench, comprising Justice Sajid Mahmood Seithi and ...

ISLAMABAD - National Counter Terrorism Authority (NACTA) has signed a multilateral Memorandum of Understanding (MoU) with 14 Law Enforcement Agencies (LEAs) to enhance inter-agency cooperation, coordination and exchange of information, the Radio Pakistan reported. The signing ceremony of the MoU ...

ISLAMABAD - Prime Minister Imran Khan has directed for introducing reforms in taxation system to achieve durable economic progress, the Radio Pakistan reported. Chairing a meeting to discuss the revenue collection and enhancing the tax base, he termed the existing taxation system as unjust. The ...

ISLAMABAD – Prime Minister Imran Khan Wednesday while regretting gnawing chasm between the toiling masses and the elite club, called for according the highest regard to regular tax-payers who were contributing for the country's development. Addressing an awards distribution ceremony among the top ...

ISLAMABAD - The Federal Board of Revenue (FBR) has started a massive drive for the recovery of taxes from 169 big and influential tax evaders. According to FBR, the crackdown on the high-value targets has been launched on the instruction of Federal Minister for Finance Asad Umar as part of the ...

ISLAMABAD - Finance Minister Asad Umar presented the supplementary (amendment) Finance Bill in the National Assembly on Tuesday, painting a bleak picture of the cash-strapped economy. The minister said changes in the budget, tabled by the previous government, are need of the hour for economic ...

KARACHI – Habibullah Khan has recently declared liquid assets of $1.25 billion outside of Pakistan in the single largest Amnesty declaration in the South Asian country. He is the Founder and Chairman of Mega Conglomerate – Mega & Forbes Group of Companies (Mega Group – MFG), a diversified ...

ISLAMABAD - The National Accountability Bureau (NAB) on Monday arrested the chief executive officer of National Testing Service (NTS) and four other employees in connection to a paper leak. A NAB team, assisted along with Federal Board of Revenue (FBR) officials, also seized several documents after ...