Taxation

Finance Minister Muhammad Aurangzeb announced on Tuesday that Pakistan's foreign exchange reserves are anticipated to range between $9 to 10 billion by June. Speaking at the

In Islamabad, the Federal Board of Revenue (FBR) has surpassed its tax collection target for the nine-month period of fiscal year 2023-24 by Rs3 billion, gathering a total of

Prime Minister Shehbaz Sharif has instructed relevant departments to take urgent action against tax defaulters and evaders during a meeting held on Monday. Chairing a session

According to a press statement released by the Finance Ministry on Tuesday, the Federal Board of Revenue (FBR) has reported a significant increase in revenue collection, reach

The caretaker federal cabinet in Islamabad, chaired by Caretaker PM Anwaar-ul-Haq Kakar, has greenlit the overhaul of the Federal Board of Revenue (FBR). The decision comes a

The Federal Board of Revenue (FBR) has finalized a strategy to expand the tax base by imposing taxes on retailers in Pakistan. In the initial phase, the FBR plans to levy tax

The Federal Board of Revenue (FBR) in Islamabad has reportedly postponed a nationwide crackdown on non-filers, as per a report by a private news channel. Initially, the FBR h

Sources reveal that the sales tax department's attempt to prove suppression of supplies has faltered, as it failed to issue a new notice with fresh observations distinct from

Last year, in 2023, the Federal Tax Ombudsman resolved 8,128 complaints regarding tax and customs authorities' maladministration, marking an increase from the 6,106 complaints

The Federal Board of Revenue (FBR) has finalized a plan to impose taxes on retailers nationwide, aiming to expand the tax base. Initially, the tax will be applied to retailers