A senior official of the Inland Revenue department has successfully overturned adverse remarks made by the Federal Tax Ombudsman (FTO), with the appellate forum ruling that the FTO’s actions violated the principles of natural justice.
The official, serving as Additional Commissioner Read More...
The Pakistan Business Council (PBC) has expressed deep concerns about the Federal Board of Revenue’s (FBR) decision to end satellite tracking of transit cargo containers destined for Afghanistan.
In a letter to FBR Chairman Rashid Mahmood Langrial, PBC highlighted that relying solely on Read More...
Federal Minister for Power Sardar Awais Ahmad Leghari has unveiled plans to reduce electricity tariffs by Rs 10–12 per unit after finalizing discussions with the IMF on captive power plants.
Speaking at the National Assembly’s Standing Committee on Energy, he shared the government's Read More...
The State Bank of Pakistan (SBP) has announced the advance schedule for its Monetary Policy Committee (MPC) meetings for the first half of 2025.
According to the timeline, four meetings are planned between January and June. The first is set for January 27, followed by March 10, May 5, and Read More...
the State Bank of Pakistan Governor Jameel Ahmad has provided a cautiously optimistic outlook on the country's economic recovery, highlighting progress in debt sustainability, inflation control and the balance of payments. Addressing a press briefing and an event hosted by the Federation of Read More...
The Federal Tax Ombudsman (FTO) has made history by achieving an impressive 95.6% resolution rate in 2024, after disposing of a record-breaking 12,914 complaints. Faiz Elahi Memon, Advisor Incharge FTO, shared this remarkable achievement at a press briefing in Karachi, alongside other advisors Read More...
The Federal Board of Revenue (FBR) has begun the process of drafting tax policies for the 2025-26 budget, inviting proposals from stakeholders to improve tax reforms and streamline procedures. The FBR has set January 31 as the deadline for receiving suggestions for the Finance Bill 2025, with an Read More...
Prime Minister Shehbaz Sharif on Wednesday stressed the need to boost tax revenues for strengthening Pakistan’s economy, which he says is on a path to sustained growth.
During a visit to the Pakistan Stock Exchange (PSX) in Karachi, he acknowledged the government’s efforts to meet tax Read More...
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The Free and Fair Election Network (FAFEN) has reported that most federal ministries and divisions fail to meet the disclosure standards set by the Right of Access to Information Act (RTI), 2017.
FAFEN warned that this gap encourages misinformation and disinformation, especially on social Read More...
The Federal Board of Revenue (FBR) has unveiled its annual report for fiscal year 2023-24, spotlighting Karachi as the top contributor to Pakistan’s tax revenues, according to Express News.
Karachi’s Large Tax Office (LTO) led with Rs2,522 billion in taxes, comprising Rs1,360 billion in Read More...
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