FBR
PM Shehbaz Postpones New Real Estate Tax Reforms
2 min read
Prime Minister Shehbaz Sharif has postponed a decision on the proposed tax incentive package for the real estate sector, citing the need to address key…
Multi-Billion-Rupee Solar Panel Import Scam Involves Famous Pakistani Banks
4 min read
The Senate Finance Subcommittee, chaired by Senator Mohsin Aziz, convened on Thursday to discuss the ongoing investigation into the solar panel import over-invoicing. The committee…
FBR Sets New Policy for Non-Filers Buying Bikes, Rickshaws, and Small Cars
2 min read
ISLAMABAD: The National Assembly’s Standing Committee on Finance and Revenue approved a proposal on Tuesday permitting non-filers to purchase motorbikes, rickshaws, tractors, and cars up…
IMF Urges Pakistan to Digitalize Land Records for Stronger Governance and Anti-Corruption Efforts
2 min read
Islamabad: The International Monetary Fund (IMF) has launched a governance and corruption diagnostic assessment in Pakistan, set to conclude on February 14, 2025. The mission,…
Govt May Scrap FED on Property Transfers Amid Industry Concerns
2 min read
ISLAMABAD: The federal government is considering removing the Federal Excise Duty (FED) on the transfer of plots and commercial properties due to low revenue generation…
FBR Turns a Blind Eye as Wateen Telecom Ltd Issues Reduced Tax Certificates
3 min read
ISLAMABAD: The Federal Tax Ombudsman (FTO) has uncovered a new form of suspicious activity involving Wateen Telecom Ltd, which has been issuing fewer tax deduction…
General Public Being Deceived Through Fraudulent Real Estate Investment Schemes
2 min read
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has been receiving complaints on a continuous basis from individuals, especially senior citizens, who have been…
PTA Advises Buyers to Verify FBR Tax Compliance Before Purchasing Mobile Devices
2 min read
Islamabad: The Pakistan Telecommunication Authority (PTA) advises all consumers to verify the tax payment status of mobile devices before making any purchase. Buyers must ensure…
Fraud Halted in Faceless Clearance System as Customs Suspends 45 Licenses
2 min read
Pakistan Customs has prevented an effort to manipulate the recently implemented Faceless Customs Assessment System (FCAS), which allows for expedited and high-quality evaluations. Such an…
Massive Corruption Scandal Exposed in Solar Panel Imports Involving Dubai Islamic Bank
3 min read
Islamabad: A Senate subcommittee on Finance has unearthed a staggering multi-billion-rupee corruption scandal tied to solar panel imports. The investigation revealed massive over-invoicing and dubious…
FBR Chairman Discloses That Only 12 Pakistanis Declare Wealth Above Rs10 Billion
3 min read
Rashid Langrial, Chairman of the Federal Board of Revenue (FBR), disclosed an eye-opening fact during a National Assembly subcommittee meeting only twelve Pakistanis reported assets…
Senate Committee to Review Digital Nation Pakistan Bill on January 27
2 min read
Islamabad: The Senate Standing Committee on Information Technology is set to deliberate on the Digital Nation Pakistan Bill on Monday, January 27, 2025. The meeting,…
QR Code Payment System in Pakistan Faces FBR-Induced Delays
2 min read
ISLAMABAD: Dr. Inayat Hussain, the Deputy Governor of the State Bank of Pakistan (SBP), informed the Senate Standing Committee on Finance on Wednesday that the…
