KARACHI: While local industry and exporters have welcomed Prime Minister Shehbaz Sharif’s newly announced relief package, foreign investors have raised concerns over demand notices issued by the Federal Board of Revenue (FBR) following the Federal Constitutional Court’s ruling upholding the super tax. Read More: Government plans relief for salaried class, industries next budget The Overseas Investors […]
FBR
PM Shehbaz seeks maximum IMF relief to ease public, industry burden
ISLAMABAD: Prime Minister (PM) Shehbaz Sharif has directed the government to prepare a comprehensive plan to secure maximum relief from the International Monetary Fund (IMF) under the ongoing loan programme, sources told media on Tuesday. Read More: Pakistan forms committees for IMF-free growth Ahead of upcoming discussions with the IMF, the premier stressed that additional burdens […]
Shehbaz seeks faster tax refunds to support exporters amid declining shipments
Prime Minister Shehbaz Sharif has directed concerned departments to ensure swift payment of tax refunds to exporters, warning that delays would not be tolerated as Pakistan grapples with a prolonged dip in merchandise exports. Chairing a meeting on export promotion in Islamabad on Wednesday, the premier emphasized the importance of institutional reforms, enhanced facilitation, and […]
Traders announce nationwide protests over mandatory POS machines
Traders across the country have announced nationwide protests on January 16 if the government does not withdraw its directive making the installation of point of sale (POS) devices mandatory. The announcement was made during a protest rally in Islamabad on Tuesday. The rally was organised by the All Pakistan Anjuman-i-Tajran and the Traders Action Committee […]
FBR suspends six officials over absence at sugar mills
The Federal Board of Revenue (FBR) has suspended six officials for being unauthorisedly absent from their assigned duties at sugar mills, reaffirming its zero-tolerance policy towards misconduct and dereliction of duty. Read More: FBR rolls out AI monitoring to curb sugar mill tax evasion According to an official news release issued on Monday, the officials had been deployed […]
FBR tightens action against tax evasion in private healthcare
The Federal Board of Revenue (FBR) has stepped up its enforcement drive against tax evasion in the private healthcare sector by deploying Inland Revenue Service (IRS) officers directly at the premises of commercial hospitals and clinics across the country. Read More: FBR notifies tax exemption for 61 items used in Covid-19 vaccine Senior tax officials said the move […]
Shehbaz Sharif vows zero tolerance for smugglers
Prime Minister Shehbaz Sharif on Saturday directed authorities to intensify action against smuggling and tax evasion to protect Pakistan’s economy. He chaired a weekly review meeting on the Federal Board of Revenue’s (FBR) performance, praising recent customs operations. The PM emphasized that no leniency would be shown to smugglers or tax evaders. During the meeting, […]
IMF blocks immediate removal of GST on contraceptives
ISLAMABAD: Despite Pakistan facing one of the highest population growth rates in the world, the International Monetary Fund (IMF) has refused to allow the immediate abolition of the 18% General Sales Tax (GST) on contraceptives, a move that has stalled government efforts to make birth control products affordable. As a result, condoms and other contraceptives […]
FBR Delays Property Valuation in Islamabad
The Islamabad property valuation update has been delayed by the FBR. The decision came amid protests by traders. The FBR suspended new rates for one and a half months. The delay aims to ease growing business concerns. Meanwhile, the FBR officially put the revised valuation table on hold. The suspension will remain until January 31, […]
Transporters Strike Pakistan Enters Tenth Day
The transporters strike Pakistan has entered its tenth day. Talks between transporters and government departments continue nationwide. Meanwhile, industrialists warn of massive daily trade losses. Each passing day costs billions in exports and commerce. Transporters said negotiations involve federal and Punjab officials. Several departments, including FBR, Customs, and NHA, joined discussions. They claimed governments accepted […]