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Pakistan faces PKR 385 billion revenue deficit for July-December period
Updated : 1 year, 1 month ago IST
Pakistan is facing a revenue shortfall of PKR 385 billion for the period between July and December 2024, ARY News reported on Wednesday, citing sources.
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Pak govt to take another shot at separating IRS, Customs
Updated : 1 year, 2 months ago IST
Pakistan Prime Minister Shehbaz Sharif has approved the separation of Customs and Inland Revenue Services (IRS), following a previous proposal that was resisted by tax groups. The reform aims to establish separate oversight for the two bodies and restructure the Federal Board of Revenue (FBR
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IMF calls on Pakistan to implement mini-budget to address revenue gap foll
Updated : 1 year, 4 months ago IST
The International Monetary Fund (IMF) has called on Pakistan to introduce a mini-budget after the nation's Federal Board of Revenue (FBR) failed to meet its tax collection targets, as reported by ARY News, citing sources on Saturday.
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PoGB traders protest customs ban on baggage trade, demand Policy reversal
Updated : 1 year, 4 months ago IST
Traders from Pakistan-occupied Gilgit-Baltistan protested on Wednesday at the Pakistan Customs Check Post in Sost, Hunza, in response to the Federal Board of Revenue's (FBR) ban on baggage trade at the Khunjerab border. The traders went on strike to express their opposition to this decision,
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Traders in Pakistan refuse to pay 'advance tax'
Updated : 1 year, 6 months ago IST
The trader community in Pakistan voiced strong opposition towards the Federal Board of Revenue (FBR) team visiting a Lahore market to collect advance tax under the Tajir Dost Scheme, ARY News reported.
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Pakistan: Traders call for nationwide strike as talks with government end
Updated : 1 year, 6 months ago IST
The traders' community, have once again called for a nationwide strike on Wednesday, as their talks with the Federal Board of Revenue (FBR) ended in a stalemate, according to ARY News.
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Pakistan: FBR imposes PKR 60,000 monthly advance Tax on Karachi traders
Updated : 1 year, 6 months ago IST
The Federal Board of Revenue (FBR) has issued a notification to traders in Karachi, demanding them to pay an advance tax of Pakistani currency (PKR) 60,000 per month under the Tajir Dost Scheme.
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Federal Bureau of Revenue brushes away rumours of taxation on Paris gold m
Updated : 1 year, 7 months ago IST
Pakistan's Federal Bureau of Revenue (FBR) has brushed off the rumours suggesting taxation on prize money received by ace javelin thrower Arshad Nadeem.
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Pak petrol dealers to launch nationwide strike today amid tax dispute
Updated : 1 year, 8 months ago IST
Pakistan Petroleum Dealers Association chairman Abdul Sami Khan expressed frustration over the lack of resolution despite extensive dialogues with government officials.
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Pakistan telecom operators block 3,500 SIMs of non-filers after-tax body o
Updated : 1 year, 10 months ago IST
The FBR also sent messages to about 5,000 individuals, warning them that their mobile phone SIMs would be blocked if they did not file their returns. It has further sought details of the blocked SIMs from the telecom operators.
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Pakistan telecom operators agree to block SIMs of tax evaders
Updated : 1 year, 10 months ago IST
The understanding was reached after the Federal Board of Revenue (FBR) held crucial meetings with the Pakistan Telecommunication Authority (PTA) and telecom operators to implement Income Tax General Order No. 1, issued under Section 114 B of the Income Tax Ordinance 2001.
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Pak govt imposes additional tax on non-filers for mobile loads, bundles
Updated : 1 year, 10 months ago IST
The Federal Board of Revenue (FBR) devised a plan against non-filers which is likely to be implemented from May 15. The government would impose a 2.5 per cent additional tax on non-filers as well as withholding SIM cards of those who refuse to comply.
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