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Business & Economy Published 24 Oct, 2024 03:56pm

FBR announces 4% sales tax hike on tractors

The tax rate has decreased from 18% to 14%

Business & Economy Published 20 Oct, 2024 02:03pm

FBR registers 160 new retailers in POS system, total reaches 9,290

Approximately 64,000 traders are registered under Tajir Dost Scheme

Business & Economy Published 03 Sep, 2024 10:35am

FBR proposes 1% increase in withholding tax rates effective October 1

The withholding taxes accounted for over 70% of total direct tax revenue in FY 2023-24

Technology Published 08 Aug, 2024 11:53am

GSMA urges Pakistan to eliminate sales tax on affordable mobile phones

Pakistan is planning a 5G spectrum auction to be completed by early 2025

Business & Economy Published 27 Jun, 2024 12:29pm

Govt to impose sales tax on stationery items despite Aurangzeb’s announcement

No official explanation for the change in policy

Business & Economy Published 15 Jun, 2024 04:08pm

GST imposed on wheat, pulses, rice, sugar, spices

Chairman FBR offers formula milk companies to reduce prices by 18% to avoid GST

Business & Economy Published 25 Mar, 2024 12:25pm

Traders welcome registration scheme without additional burden

APAT chairman optimistic that scheme will not meet resistance

Business & Economy Published 23 Mar, 2024 03:02am

FBR orders educational institutes, retailers, other small businesses to install POS by July 1

SRO lists types of educational institutes, professionals, service providers to be affected by new rules

Business & Economy Published 09 Mar, 2024 12:16am

FBR imposes sales tax on locally manufactured cars

Twenty-five per cent GST is already on cars with engine capacity of 1400cc and above

Business & Economy Published 02 Jan, 2023 03:35pm

Dubai scraps 30% tax on alcohol sales amid economic rebound

Move is expected to further boost the appeal of Dubai to tourists

Business & Economy Published 23 Aug, 2022 12:22am

Govt imposes over Rs70 billion new taxes through mini-budget

Up to 7.5 percent of sales tax has been imposed on the electricity bills of traders

Business & Economy Published 02 Jul, 2022 12:26pm

Oil sales decline in June as high prices dent demand

A further slowdown in diesel and petrol sales is expected as the government has decided to impose PDL and sales tax

Pakistan Published 09 Apr, 2022 11:51am

FBR disallows input tax adjustment on 778 goods

Sector experts says denial of input tax adjustment on 778 items would have serious consequences for the manufacturers of oil and ghee and steel sector

Pakistan Published 05 Apr, 2022 11:10am

Pharma sector warns of shortage of lifesaving drugs

Cites high cost of inputs/raw materials due to 17% sales tax and non-payment of sales tax refunds as reason

Pakistan Published 25 Jan, 2022 04:27pm

PIA emerges as non-filer of FED, sales tax returns

Pakistan International Airlines (PIA) has emerged as a non-filer of Federal Excise Duty (FED ) and Sales Tax (ST)...

Business Published 23 Jan, 2022 11:25am

FBR will approach SBP over refunds to EPZ foreign investors in USD

Board will seek clarification from the state bank

Business Published 21 Jan, 2022 11:01am

FBR to charge 17pc sales tax on restaurants, bakeries, caterers

Up to Jan 15, the food, food stuff and sweetmeat supplied by restaurants, bakeries, caterers and sweetmeat shops was taxable @ 7.5%

Pakistan Published 12 Dec, 2021 11:16am

FBR seeks to slap 17% sales tax on various items

Tax generating authority plans to make the under Proposed Tax Laws (Fourth) Amendment Bill:

Business Published 23 Nov, 2021 09:58am

SBP autonomy, Sales Tax exemptions: PTI allies drag their feet over key draft bills

ISLAMABAD: Allies of the ruling party, Pakistan Tehreek-e-Insaf (PTI), have conveyed to it that they would first...

Business Published 07 Jul, 2021 05:29pm

Car prices to go down as govt abolishes tax on small vehicles: Khusro

Khusro Bakhtiar said the new auto policy will be furnished before the cabinet next...