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1. Revenue collection up 27pc in Feb
(Highlights/Business News)
ISLAMABAD: Revenue collection rose by 27 per cent year-on-year to Rs181.906 billion in February, backed up by regulatory duties on several hundred items and hike in sales tax on petroleum products. ...
Saturday, 28 February 2015
2. Marketing Diamer-Bhasha dam
(Highlights/Business News)
... To make the project cost-effective and attractive to investors, the government would ensure exemptions in duties and taxes during the construction phase and provide a complete income tax ho ...
Friday, 10 October 2014
3. Corporates flush with cash
(Highlights/Business News)
...  The corporate sector is raking in cash due to higher earnings. According to the last economic survey, 15 blue chip companies had earned a cumulative profit-after-tax of Rs286bn in ten months o ...
Friday, 10 October 2014
ISLAMABAD: Business leaders from across the county urged the government to revise increase in taxes proposed in the federal budget 2014-15 to save their businesses from closure and the national ...
Monday, 16 June 2014
5. KP budget for 2014-15 set at Rs404.80 bn
(Highlights/Business News)
...  next fiscal year, he said that Rs227.120 billion would be provided to the province from the federal taxes, which is 14.55 per cent more than the outgoing fiscal year. He said that the province i ...
Monday, 16 June 2014
6. Revenue, GDP growth targets missed
(Highlights/Business News)
... vings-to-GDP ratio. On the fiscal front, even though the government was able to contain the fiscal deficit below target, it failed to achieve its tax collection target by a large marg ...
Monday, 02 June 2014
7. ECC approves Rs1.6 billion Ramazan package
(Highlights/Business News)
... s customs duty and sales tax on import of gold is zero. Therefore, import authorisation under the aforementioned savings clause is cancelled if the exporter fails to honour the export commitment with ...
Friday, 18 April 2014
8. Sindh announces sales tax amnesty
(Highlights/Business News)
KARACHI: The Sindh Revenue Board (SRB) on Thursday announced an amnesty scheme, comes into immediate effect, for citizens who have so far failed to pay sales tax on services starting from July ...
Friday, 18 April 2014
9. Bridging the tax gap
(Highlights/Business News)
The Federal Board of Revenue is under pressure to achieve the revenue target of Rs2.4 trillion for this fiscal year. It is said that the best way to raise taxes is through accelerated economic ...
Monday, 07 April 2014
10. FBR detects 40 fake firms
(Highlights/Business News)
ISLAMABAD: The Federal Board of Revenue (FBR) has identified 40 fictitious companies which got millions in illegal sales tax refund and input adjustment in connivance with officials, according ...
Monday, 24 March 2014
Wednesday, 12 March 2014
12. Canada pledges support to local businesses
(Highlights/Business News)
... vast agricultural and mineral base. However, it needs structural reforms in education, skill development and taxation. He said that Pakistan is considered as a middle income country and Canada wants ...
Wednesday, 12 March 2014
13. Additional GST on auto parts sale withdrawn
(Highlights/Business News)
Tuesday, 11 March 2014
14. GDP grows 5pc in first quarter: SBP
(Highlights/Business News)
... des, the report says adding on the revenue side, it was the increase in tax rates and not the base which is responsible for higher collection during the quarter. Non-tax collections were also ...
Friday, 28 February 2014
... er export taxes this year. January exports were estimated to rise 2.80 per cent, slowing sharply from 10.33 per cent in December, while imports were likely to continue weakening, down 1.20 ...
Friday, 28 February 2014
16. Scrutiny of bank accounts
(Highlights/Business News)
Non-corporate business is up in arms against a government decision to give tax collectors the power to peep into the bank accounts of those who they believe are not paying taxes. The businessmen ...
Friday, 28 February 2014
17. Pakistan, Afghanistan to enhance trade ties
(Highlights/Business News)
... by Pakistan and stressed the need for simplifying visa procedures for Pakistani businessmen and labour and taking immediate measures for finalising an agreement on avoiding double taxation. He said ...
Monday, 24 February 2014
18. Privatisation needs a second thought
(Highlights/Business News)
... s, it collects taxes. But even from a business perspective, evidence is not in favour of privatisation, as privatised entities in the past became profitable only after havin ...
Monday, 24 February 2014
...  The Federal Tax Ombudsman is the only federal institution that has not been given any funds for development in more than seven months of the year although it was allocated Rs31 million for the fiscal ...
Monday, 24 February 2014
20. Stocks extend overnight losses
(Highlights/Business News)
Wednesday, 12 February 2014
21. ECC takes politically tough decisions
(Highlights/Business News)
... ng that no change in the timeline has been sought for implementation of the conditions. The source said that no new tax would be introduced in the second half of the current fiscal year.  ...
Monday, 10 February 2014
22. Pakistan economy improving: IMF
(Highlights/Business News)
... increase the country's poor rate of tax collection. ''The current trends of the last few months have been very positive in Pakistan and prices have been stable,'' Pakistan's Finance Minister Mohammad ...
Monday, 10 February 2014
23. State Bank leaves policy rate unchanged
(Highlights/Business News)
... the monetary policy announced carried some serious concerns over government borrowing from the central bank, possible shortfall in tax revenues, recurrence of energy sector circular debt, and delays ...
Monday, 20 January 2014
... regard noted that the rates of cotton in the country are comparatively less than other countries. The anti-dumping duty and other taxes should be reduced to achieve the maximum benefit from  ...
Thursday, 16 January 2014
25. SBP projects economic growth rate of 3-4pc
(Highlights/Business News)
... 3G licences; a 27.8pc growth in FBR tax revenues; Rs127bn reduction in subsidies (to Rs240.4bn against Rs367.5bn incurred in FY13); and a combined provincial surplus of Rs23.1bn. The growing fis ...
Thursday, 16 January 2014
26. Production cost of cement may go up.
(Highlights/Business News)
... tax was initially levied on industrial consumers and captive power plants in July 2012. However, a stay was granted by the Peshawar High Court which was vacated by Supreme Court recently. In a statement, ...
Thursday, 09 January 2014
27. Rs69bn gap in July-Dec revenue.
(Highlights/Business News)
...  projected a growth target of 27pc per month, which has largely been missed. This slow growth over last year shows poor performance of tax collection machinery. To achieve the annual target, the FB ...
Thursday, 09 January 2014
28. Poor planning leads to hike in fuel prices
(Highlights/Business News)
Monday, 06 January 2014
29. Making remittances more productive
(Highlights/Business News)
...  inaccessible to the tax net. However, these small businesses play an important role in facilitating growth of large scale industries. According to a World Bank survey, remittances have contributed ...
Monday, 06 January 2014
30. Govt finalises SRO withdrawal plan
(Highlights/Business News)
ISLAMABAD: The government is likely to announce next week a plan for fiscal adjustments including gas levy on all sectors except domestic consumers and a road map for withdrawal of tax exemptions ...
Saturday, 28 December 2013

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