Tue. Apr 7th, 2020

Corporate Sector

This has been decided after the government received SOQs (Statement of qualification) for the sale of 2 power plants worth $ 2 billion. The matter was decided in by the Cabinet Committee on Privatization (CCOP) at a meeting presided over by Dr Abdul Hafeez Shaikh Adviser to the Prime Minister on Finance & Revenue.... Read More
Significant changes in the taxation laws for providing concessions, reducing duties on importing low value mobiles & penalizing currency smugglers as promised with traders are being implemented by the government in form of a presidential ordinance. The said ordinance consisting of 24 pages, was notified on December 28, 2019 but was released to media on January 01, 2010. The government.... ... Read More
Federal Board of Revenue has collected Rs. 2.080 trillion out of the targeted revenue of Rs. 2.367 trillion during the first half of current year, being a shortfall of Rs. 287 billon. The tax authorities have estimated collection of another Rs. 2–4 billion in form of book adjustments. However collected amount is 16.95% higher than corresponding ..... Read More
FBR has busted against a gang of 50 - 60 dishonest persons on account of issuing invoices against bogus companies resulting in of billions rupees tax fraud. Directorate of Intelligence and Investigation of FBR in Karachi has revealed a scam of tax evaders engaged in issuing and utilizing the benefits of fake & flying invoices with intentions to evade....... Read More
PM Imran Khan declared 2020 the year of progress, prosperity, development, poverty reduction and job opportunities. He was addressing a ceremony in Islamabad on Tuesday that was held by Pakistan Post for its initiative about facilitating overseas Pakistanis that their remittances now could be delivered through 500 designated post offices...... Read More
As a major reform initiative; The World Bank has urged Pakistan to formulate procedures for creating harmony among various federating units of Pakistan regarding general sales tax on goods and services. World Bank is of the opinion that this will help in recovering almost 87%...... Read More