FBR
FBR Chairman Discloses That Only 12 Pakistanis Declare Wealth Above Rs10 Billion
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
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
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…
OGRA Introduces GIS-Based ‘Raahguzar’ App to Tackle Illegal Fuel Stations in Pakistan
The Oil and Gas Regulatory Authority (OGRA), in collaboration with the Federal Board of Revenue (FBR) and the Oil Companies Advisory Council (OCAC), has launched…
Govt to Double Tax on Offshore Digital Services, Enforce Stricter Fraud Penalties
ISLAMABAD: The federal government is planning major revisions to the Tax Laws Amendment Bill 2024. These changes propose a 20% income tax on foreign online…
Textile Exports Surge 9.67% to Hit $9.08 Billion in H1 FY25
Pakistan Bureau of Statistics (PBS) data shows that exports of textile goods from Pakistan climbed by 9.67% in the first half of fiscal year 2024-25,…
Pakistan’s Telecom Sector Reacts to 300% Increase in Router Prices
The Telecom Operators Association (TOA) has expressed strong disapproval of a 300 percent increase in the cost of fibre broadband routers. They argue that this…
Public Reactions Intensify Over FBR’s Rs6bn Honda City Car Procurement
The Federal Board of Revenue (FBR) has faced public backlash for deciding to buy 1,010 new Honda City 1.2L CVT cars, which will cost around…
Here’s How Much Pakistan’s Top Telecom Companies Earned in Past 10 Years
Pakistan’s top telecom companies, namely Jazz, Zong, and Nayatel, disclosed their financial performance over the past 10 years, highlighting their substantial contributions to the national…
Senate Committee Urges PTA to Lower Taxes on Mobile Phones Amid Affordability Concerns
The Senate Standing Committee has called on the Pakistan Telecommunication Authority (PTA) to reconsider mobile phone taxes, with an emphasis on reducing them to more…
PTA Wins Rs. 1.37 Billion Tax Case Against FBR
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) secured a significant legal victory against the Federal Board of Revenue (FBR) concerning the unauthorized deduction of Rs. 1.37…
Federal Cabinet Eliminates 15% Additional Tax on Banks
ISLAMABAD: On Friday, the federal cabinet, headed by Prime Minister Shehbaz Sharif, approved a law to raise the ordinary income tax rate for banks to…
New Tax Relief for Overseas Pakistanis Investing in Real Estate
KARACHI: Overseas Pakistanis can now enjoy exemption from higher taxes under Sections 236C and 236K, regardless of their inclusion on the Active Taxpayers List (ATL).…
