The International Monetary Fund (IMF) is considering revising Pakistan’s tax revenue target downward to less than Rs12.5 trillion, citing a slowdown in economic growth and an eight-month shortfall in revenue collection, as per The Express Tribune.
Initially, the Federal Board of Read More...
The International Monetary Fund (IMF) is evaluating a potential reduction in Pakistan’s tax revenue target, bringing it below Rs12.5 trillion due to sluggish economic activity and a persistent revenue Read More...
The government has introduced major reforms in pension calculations, altering the formula used to determine retirement benefits and enforcing new restrictions on eligibility.
As per media reports, a Read More...
The Public Accounts Committee (PAC) has sent a Rs312 billion sales tax irregularity case back to the Federal Board of Revenue’s (FBR) Departmental Audit Committee (DAC) for further inquiry, as per a Business Recorder (BR) Read More...
Deputy Prime Minister Ishaq Dar has voiced concerns over the legal challenges hindering the Competition Commission of Pakistan (CCP), noting that despite the commission’s decisive actions against various industries, court-imposed stay Read More...
The International Monetary Fund (IMF) has assessed the Federal Board of Revenue’s (FBR) initiative to broaden the retailer tax base and implement Compliance Risk Management (CRM) strategies, aiming to raise Rs250 billion in Read More...
The government is considering additional fiscal measures, such as spending cuts and stricter revenue enforcement, to tackle a Rs600 billion budget deficit ahead of securing the next $1.1 billion disbursement from the Read More...
Prime Minister Shehbaz Sharif has instructed authorities to accelerate the resolution of pending tax cases in courts, setting a target of Rs500 billion in recoveries by June.
Addressing a cabinet meeting, he stressed the Read More...
Government borrowing from banks has plunged by 84% in the first seven and a half months of the current fiscal year, dropping to Rs658 billion from Rs4.044 trillion recorded in the same period last year, as per figures released Read More...
The International Monetary Fund (IMF) has pressed Pakistan to step up its crackdown on tax evasion in the real estate sector as part of ongoing discussions to unlock a $1 billion installment from the $7 billion loan package. In response, Pakistan has committed to operationalizing the Real Estate Read More...
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