Trends - Taxes - Business Recorder

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Foreign travel ban on non-filers: NICOP holders, minors, students to be exempted

Tax expert questions how FBR would impose ban on non-filers (family members), who are actually dependent on the filer

Updated 24 Jun, 2024 01:33pm

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Disposal of immovable property: 15pc flat rate on gain proposed

ISLAMABAD: Finance Bill 2024 has proposed a flat rate of 15 percent on gain from disposal of immovable property...

Updated 24 Jun, 2024 08:41am

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KP to receive Rs1212bn in the head of federal transfers

PESHAWAR: The KP government will receive an estimated amount of Rs 1212 billion in head of federal transfers from...

Updated 24 Jun, 2024 09:17am

Business & Finance

PFVA demands restoration of 1pc tax regime

KARACHI: Fruit and vegetable exporters have rejected the new proposed tax regime for exporters and demanded...

Updated 24 Jun, 2024 08:44am

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Value-added textile exporters reject 29pc standard taxation

LAHORE: Value-added textile exporters have rejected the proposed shift from one percent turnover-based Final Tax...

Updated 24 Jun, 2024 12:33pm

Business & Finance

‘Too many’ indirect taxes in budget will fuel poverty: NBG

KARACHI Chairman of National Business Group Pakistan, Mian Zahid Hussain has said that some conditions of the...

Published 24 Jun, 2024 07:00am

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Export of goods: Finance Bill proposes to change tax regime to ‘minimum tax’

ISLAMABAD: The Finance Bill 2024 has proposed to change the tax regime for export of goods from “final tax regime”...

Updated 22 Jun, 2024 02:37pm

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Senate panel asks FBR to address concerns of retail sector

ISLAMABAD: The Senate Standing Committee on Finance recommended Federal Board of Revenue (FBR) to address concerns...

Updated 22 Jun, 2024 09:18am

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Royalty arrangement: 25pc of sales promotion, ad expenses disallowed

ISLAMABAD: The government has disallowed 25 percent of sales promotion and advertising expenses under the royalty...

Updated 22 Jun, 2024 09:18am

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Packaged milk per litre: Consumers to pay Rs50 more from July 1

KARACHI: Pakistani packaged milk consumers will pay an additional Rs50 per litre starting July 1, 2024 due to the...

Updated 22 Jun, 2024 11:18pm

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Govt assailed for further taxing the salaried class

Lawmakers say imposition of such heavy taxes may lead to an acceleration of brain drain from the country

Updated 22 Jun, 2024 02:10pm

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APTMA urges govt to revisit Finance Bill

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) expressing serious concerns over the FY25 budget stated...

Updated 21 Jun, 2024 09:15am

Editorials

Missed revenue targets

EDITORIAL: The Federal Board of Revenue’s contention that it will fall short of its revenue target of Rs9.42...

Published 20 Jun, 2024 06:10am

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‘Parallel’ ministries/ deptts to be shut down: Aurangzeb

ISLAMABAD: Federal Minister for Finance Senator Muhammad Aurangzeb on Tuesday reiterated the government’s commitment...

Updated 20 Jun, 2024 05:31pm

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GST on infant food, milk in phases

ISLAMABAD: The tax policy of introducing sales tax in three stages, starting from 5 percent on infant formula, baby...

Updated 20 Jun, 2024 09:00am

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Health and education services: Sindh Finance Bill 2024 does not immediately impose 15pc SST: SRB

ISLAMABAD: Sindh Revenue Board (SRB) has clarified that the Sindh Finance Bill, 2024 does not immediately impose a...

Updated 17 Jun, 2024 02:47pm

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Discos consumers: Govt all set to file motion with Nepra to adjust category-wise SoT

ISLAMABAD: The federal government is all set to file a motion with National Electric Power Regulatory Authority...

Updated 17 Jun, 2024 02:51pm

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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

Business & Finance

Analyst says salaried class overburdened

KARACHI: Ateequr Rehman, economic & financial analyst, said that the salaried class is overburdened with ...

Published 17 Jun, 2024 05:30am

Business & Finance

Export sector rejects removal from FTR

KARACHI: Export sector has categorically rejected budget proposals, particularly removal of exporters from fixed tax...

Published 17 Jun, 2024 05:30am

Editorials

Reinventing the wheel

EDITORIAL: If only the government did half as much work on tax reforms as private institutions do, we would not have...

Published 17 Jun, 2024 05:30am

Opinion

The issue of trust deficit

Amidst protests by the opposition, Finance Minister Muhammad Aurangzeb rolled out with relative calm the national...

Updated 15 Jun, 2024 07:20am

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Rs3trn Sindh budget envisages Rs77bn new taxes

KARACHI: Chief Minister Sindh Syed Murad Ali Shah on Friday announced a budget of Rs3.056 trillion for the fiscal...

Updated 15 Jun, 2024 02:22pm

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Digitization: Centre asks provinces to provide tax data to Nadra

ISLAMABAD: The federal government has reportedly asked all provinces to provide complete tax data to NADRA (National...

Updated 15 Jun, 2024 04:22pm

Business & Finance

KATI president highlights ‘lack’ of facilities, incentives for industrial sector in budget

KARACHI: The President of the Korangi Association of Trade and Industry (KATI), Johar Qandhari, has voiced strong...

Published 15 Jun, 2024 06:57am

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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

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Punjab to get Rs3.683trn from Federal Divisible Pool

LAHORE: The Punjab government has estimated to receive an amount of Rs 3683,103.227 million from Federal Divisible...

Updated 14 Jun, 2024 09:14am

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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

Business & Finance

Removal from fixed tax regime: Rice exporters reject govt’s proposal

KARACHI: Rice exporters have rejected the federal government’s proposal to remove the exporters from fixed tax...

Published 14 Jun, 2024 06:31am

Business & Finance

‘IT industry’s budgetary proposals completely overlooked’

ISLAMABAD: The information technology industry’s budgetary proposals were completely overlooked, despite repeated...

Published 14 Jun, 2024 06:31am