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Finance bill: Bureaucracy can devise 'zero tax' regime

ISLAMABAD: The Senate Standing Committee on Finance has told the Federal Board of Revenue (FBR) that the Finance ...

Hundi , Sindh , Pakistan , Islamabad , Saleem-mandviwalla , Fata-pata , Senate-standing-committee-on , Revenue-division , Ministry-of-commerce , Senate-committee-on-commerce , Commerce-ministry , Senate-standing-committee

Base power tariff hike: PD yet to secure cabinet's nod

ISLAMABAD: The Power Division has reportedly not yet secured the federal cabinet’s nod for an increase in the base...

Islamabad , Pakistan , National-electric-power-regulatory-authority-nepra , Central-power-purchasing-agency , Power-division , National-electric-power-regulatory-authority , Quarterly-tariff-adjustments , Fuel-charges-adjustment , Power-purchase-price , System-charges , Market-operator-fee

Tax targets versus tax gap—I - Opinion - Business Recorder

“…the FBR’s revenue target has been increased to Rs 9,415 billion, requiring a 31% increase over collection of...

Pakistan , United-states , Lahore , Punjab , Abdul-rauf-shakoori , Ikram-ijaz , Ikramul-haq , Hamid-ateeq-sarwar , National-accounts-data , Pakistan-telecommunication-authority , Pakistan-economic , Member-tax-policy

IMF SBA, finally - Editorials - Business Recorder

EDITORIAL: The International Monetary Fund (IMF) board approved the 3 billion dollar Stand-By Arrangement (SBA) to...

Pakistan , International-monetary-fund , Benazir-income-support-programme , Fund-facility , Stand-by-arrangement , State-bank , Finance-division , Managing-director , Extended-fund-facility , Business-recorder , Imf-sba

PSDP: FD yet to notify strategy for release of funds

ISLAMABAD: Finance Division is yet to notify strategy for release of funds with regard to PSDP, interest payment,...

Islamabad , Pakistan , Office-memorandum , Division-on , Economic-affairs-division , Expenditure-wing-of-the-finance-division , Division-for , Wings-of-finance-division , Division-demand-for-grant , Head-of-department-or-office , Foreign-exchange-component-rupee-cover

Ministries, Divisions: Direct payment through SBP linked to prior approval

ISLAMABAD: Finance Division has barred all Ministries/ Divisions from direct payment through State Bank of Pakistan...

Pakistan , Islamabad , Rana-obaidullah-anwar , Wing-of-finance-division , Budget-wing-of-finance-division , Development-budget-for-the-current-financial-year , Foreign-exchange , National-assembly , Planning-commission , Development-budget , Ministry-of-planning , Pd-si-division

IMF's approach is a bit out of the ordinary - Editorials

EDITORIAL: The much hyped attempt by the International Monetary Fund (IMF) team to seek a consensus on the ...

Pakistan , Shehbaz-sharif , Muslim-league-nawaz , Ishaq-dar , Pakistan-people-party , International-monetary-fund , Fund-for-pakistan , Stand-by-arrangement , Pakistan-muslim-league-nawaz , Pakistan-people , Pakistan-tehreeke-insaf , Finance-minister

'Charter of economy' - an exercise in futility - Opinion

Calls for delineating a ‘charter of economy’ have become a trend in Pakistan. The leaderships of almost all...

Lahore , Punjab , Pakistan , Pakistanis , Shehbaz-sharif , Nawaz-sharif , Muslim-league-nawaz , Benazir-bhutto , Lahore-chamber , Opposition-in-national-assembly , Pakistan-business-council , National-assembly

Super tax and tax on bonus: misinterpretation of basic accounting—I - Opinion

In the Finance Act 2023 many amendments have been proposed. This article is restricted to two important measures...

Lahore-high-court , Punjab , Pakistan , United-kingdom , Single-bench-of-lahore-high-court , Corporation-tax , Sindh-high-court , Supreme-court , United-kingdom-corporation-tax , Finance-act , Tax-year

Rate of advance income tax for commercial importers hiked

KARACHI: The government has increased the rate of advance income tax for commercial importers from 5.5% to 6%....

Karachi , Sindh , Pakistan , Income-tax-ordinance , Finance-act , Customs-appraisement , Customs-reform-file , Business-recorder , Income-tax-rate , Budget-2023-24-coverage , Budget-2023-24