Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Federal Board of Revenue (FBR) has asked Dr. Tahirul Qadri and his institution Minhajul Quran International to pay Rs350 millions in taxes this Wednesday August 6, 2014. FBR discovered at least eight bank accounts used by Dr. Qadri and his institution. FBR earlier sent three notices to Dr. Qadri and Minhajul Quran International to pay […]
Pakistani cricketers who were heavily taxed by Federal Board of Revenue (FBR) had approached the Finance Minister Ishaq Dar to resolve the income tax issues. It is reported that Ishaq Dar refused to provide any relief in the tax matters but assured the cricketers to consider their legitimate demands. National cricket team captain Misbah-ul-Haq and […]
Federal Board of Revenue has levied sales tax of Rs300 to Rs1000 on mobile phone sets. Pakistan Telecommunication Authority has opposed imposing the sales tax on mobile phone sets. Federal Board of Revenue has also imposed Rs250 on the sale of each SIM card. Federal Board of Revenue imposed the new sales tax on the […]
The equity market regulator of Security and Exchange Commission of Pakistan sat before the National Assembly Standing Committee on Finance this Thursday. Securities and Exchange Commission of Pakistan (SECP) Chairman Muhammad Ali pleaded to the commission on behalf of the regulator handing out a proposal for reduction in corporate income tax from 35 per cent […]
The attempt to lower the corporate tax will encourage privately owned businesses to enter the corporate world, which would eventually help them flourish. These attempts will also encourage the companies to create jobs in Pakistan. Initially, the finance ministry and the FBR rejected the proposal stating that corporate tax is the major source of revenue […]
