SBP Extends Banking Hours for Tax Collection
In order to facilitate the collection of Government receipts/duties/taxes, it has been decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and authorized...
Senior Officers of Customs Service and IRS Have Not Declared Their Assets for Years
A record of the Federal Board of Revenue (FBR) revealed on Friday that at least 18 senior officers of grades BS-19-20 in the promotion zone,...
Pakistan’s Tax-to-GDP Dropped During PTI’s Term
Pakistan government earned only Rs. 36.423 trillion through tax revenue to meet the public expenditure of Rs. 72 trillion over the last ten years.Despite having...
Govt to Introduce Special Windfall Levy for Sectors That Aren’t Paying Due Taxes
Finance Act 2022 would introduce a new concept of tax i.e. “Windfall Levy “in the Income Tax Ordinance 2001 for special taxation of the potential...
SPI-Based Weekly Inflation Witnesses Marginal Decline
The Sensitive Price Indicator (SPI) for the week ended May 26, 2022, recorded a marginal decrease of 0.26 percent mainly due to decline in the...
Annual Plan Coordination Committee to Approve FY23 Economic Targets Next Week
The Ministry of Planning and Development has proposed to convene a meeting of the Annual Plan Coordination Committee (APCC) on 4 June in connection with...
Oil Levy and GST on Petroleum Products Still Zero
The government has increased the prices of petroleum products by Rs. 30 per liter, however, it is still not collecting petroleum development levy and general...
German Minister Calls for Strengthening Trade and Investment Ties with Pakistan
German Minister of State for Foreign Affairs Dr. Tobias Lindner said that he hopes Germany and Pakistan would further strengthen and diversify the bilateral relations,...