Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Unpaid income tax dues: FBR freezes PTA Accounts Islamabad: (Tuesday, May 29, 2012) In a bid to achieve its otherwise over ambitious revenue collection, the Federal Bureau of Revenue (FBR) has started to make frantic efforts. In this regards, it has decided to not to give further relaxation to the institutions that have been witnessing […]
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 […]
The year 2011 was a mercurial one in the US stock exchanges; perhaps the country is still living through the aftermaths of the 2008 financial crisis and 2009 economic meltdown. However, since coming into power, the US president, Barack Obama has done little to the remedy of situation. According to a recent survey by a […]
Moreover, the excise duty on imported luxury items like vehicles, watches and even pens has been increased alongside taxes on big houses. The reason for such a remodelling is that the elite can still afford luxury despite the increased prices of such commodities. The proof of this was evident in a latest research that showed […]
Federal Board of Revenue (FBR) has exposed a massive income tax evasion case in Faisalabad on Wednesday. The new intelligence wing of the authority unearthed the scandal, which involved benami bank transactions, under which huge taxable income was channeled in the hands of a low-paid employee through a local bank, who was not an existing […]
