News stories for Sohail Sarfraz

Sohail Sarfraz

Income Tax Expenditure (cost of exemption) estimated at Rs476.96bn

ISLAMABAD: The Income Tax Expenditure (cost of exemption) has been estimated at Rs 476.96 billion during 2022-23....

Updated 17 Jun, 2024 03:03pm

Salaried class: Higher income tax rate of up to 35pc imposed

New income tax slabs for salaried class to be applicable from tax year 2024 effective for salary payable on or after July 1 2024

Updated 17 Jun, 2024 02:33pm

Fertilizer sector availed Rs252.6bn tax exemption in 2022-23

ISLAMABAD: The fertilizer sector has availed huge sales tax exemption of Rs 252.60 billion during 2022-23 mainly due...

Updated 17 Jun, 2024 02:44pm

Import of items under FTAs, PTAs during 2022-23: Major decrease in duty exemptions/concessions witnessed

ISLAMABAD: The Federal Board of Revenue (FBR) has witnessed a major decrease in customs duty exemptions/concessions...

Updated 17 Jun, 2024 02:32pm

Senate panel endorses phase-wise ST on local infant nutrition, milks

ISLAMABAD: Senate Standing Committee on Finance Saturday fully endorsed the proposal of the dairy industry to impose...

Updated 16 Jun, 2024 09:35am

Senate panel puts off major budgetary proposal

ISLAMABAD: The Senate Standing Committee on Finance has postponed a major budgetary proposal (2024-25) to extend tax...

Updated 16 Jun, 2024 09:28am

Salaried class contributes Rs375bn to kitty, says FBR chief

ISLAMABAD: Federal Board of Revenue ((FBR) Chairman Amjad Zubair Tiwana stated Saturday that the salaried class was...

Updated 16 Jun, 2024 12:12pm

Pakistan

High octane: Senate body recommends hike in PL to Rs100/litre

ISLAMABAD: The Senate Standing Committee on Finance and Revenue has recommended increasing petroleum levy on high...

Published 15 Jun, 2024 06:57am

FBR chief issues warning to businesses refusing credit, debit cards payments

Says sealing of business premises would be based on three daily complaints or five weekly complaints from customers

Updated 15 Jun, 2024 06:54pm

Business & Finance

Companies facing default: SECP launches regularisation scheme

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has launched a regularisation scheme (the...

Published 15 Jun, 2024 06:57am

Business & Finance

Software industry, APTMA tell Senate panel: ‘Unable to run businesses due to heavy taxation’

ISLAMABAD: Software industry, All Pakistan Textile Mills Association (APTMA) and stationery sector, Friday, informed...

Published 15 Jun, 2024 06:57am

Incentives to deserving classes: Ogra, ministry asked to elucidate mechanism

ISLAMABAD: The Senate Standing Committee on Finance has directed the Oil and Gas Regulatory Authority (Ogra) to find...

Updated 14 Jun, 2024 09:21am

Senate panel informed: Upto Rs6trn tax leakage taking place annually

Finance Minister Muhammad Aurangzeb says massive tax leakage can be effectively checked through enforcement of tax laws

Updated 14 Jun, 2024 09:26am

Business & Finance

Tractor manufacturing company: LTO Lahore detects Rs13.286bn sales tax discrepancies

ISLAMABAD: On the directions of the President of Pakistan, the Large Taxpayer Office (LTO), Lahore has concluded the...

Published 14 Jun, 2024 06:31am

Business & Finance

E-invoices of sales tax proposed for registered persons

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new provision of issuance of electronic sales tax...

Published 13 Jun, 2024 06:37am

Business & Finance

New section added to ST Act 1990: Concept of ‘investigative audit’ introduced

ISLAMABAD: A major change having far-reaching consequences proposed in the Finance Bill 2024 is the introduction of...