Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
The Federal Bureau of Revenue has restored the facility of zero-rating on various dairy products, including stationery items and bicycles along with their raw materials, packing materials, sub-components, components, sub-assemblies and assemblies, imported or purchased locally for manufacture of said goods. The FBR said the decision has been taken as per the directions of Federal […]
The Federal Board of Revenue says that sales tax on old and used clothes has been reduced. The official spokesperson of the FBR was clarifying a news item appearing in a section of the press, which had stated that the govt has increased sales tax on used cloths. She stated that Sales Tax on old and […]
The PML-N government faces the first and huge embarrassment in the Supreme Court over its decision to increase the petroleum products and also hike in the GST. The apex court heard a suo moto case regarding increase in petroleum prices summoned FBR officials to clarify the situation. A three-member bench headed by Chief Justice Iftikhar […]
The government has prepared a road map for economic revival as economy is as big a challenge as terrorism, Finance Minister Ishaq Dar said on Tuesday. Releasing economic survey at a news conference in Islamabad he said an aggressive plan has been prepared to eliminate the circular debt at the earliest. He said licenses […]
The Federal Board of Revenue Wednesday advised the taxpayers and general public not to send their bank account details and password to emails received from any email address that is apparently from FBR. Any link to any bank is not provided on FBR’s website and FBR would never ask for your bank details and […]
FBR has clarified that no new tax has been imposed on cell phones as is wrongly being portrayed by some quarters. The fixed amount of sales tax on activation stage was first introduced through SRO 390(I)/2001 dated 18th June, 2001, with a rate of Rs. 2000 per cell phone. However, on the request of […]
The Election Commission of Pakistan Wednesday decided to make information public regarding assets‚ tax returns and loans of the candidate in general elections. The Commission also decided to make public other information which will help scrutinizing of nomination papers in a transparent way. Senior officials of Federal Board of Revenue and State Bank […]
The Economic Coordination Committee (ECC) of the Cabinet Tuesday prioritized the gas management and the CNG was placed as the last priority. It was decided that first priority order will be given to the domestic and commercial sectors. The power & general industries sectors will be accorded second and third priority respectively. Whereas cement […]
Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Saturday said the Pakistan People’s Party (PPP) and the Pakistan Muslim League – Nawaz (PML-N) did not want to see “any change” to come in the country, adding that, both parties were colluding with one another. While speaking to media representatives in Karachi, the former cricketer-turned-politician said […]
Opposition Leader in the National Assembly and senior leader of Pakistan Muslim League-Nawaz (PML-N’s) Chaudhry Nisar Ali Khan has strongly ruled out any possibility of political alliance with Pakistan Peoples’ Party (PPP). Talking to journalists in his chambers here on Friday, the opposition leader said that those contemplating this kind of alliance between PML-N […]
The pricing mechanism of the Compressed Natural Gas (CNG) has been agreed upon between the Oil and Gas Regulatory Authority (OGRA) and the CNG stations owners. According to the media reports, the price of the fuel gas has been fixed at 72.20 per kilogram for the region-1 and Rs.63.76/kg for the region-2. It should […]
Prime Minister Raja Pervez Ashraf has said widening the tax base and increasing tax-to-GDP ratio by raising the level of collection was imperative for sustainable development in the country. While presiding over a meeting of Federal Board of Revenue (FBR), the premier said that there was recorded an increase of 22 per cent in […]
