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...
The State Bank of Pakistan (SBP) purchased over $9 billion from the local market in 2024 to stabilize foreign exchange reserves, marking a record intervention. This disclosure was made by Governor Jameel Ahmad during a Senate Standing Committee on Finance meeting, according to The Express Read More...
The private sector borrowed an unprecedented Rs1.9 trillion from banks during the first half of FY25, marking a staggering 265% increase compared to Rs521 billion in the same period last fiscal year, according to data released by the State Bank of Pakistan (SBP).
This sharp rise was Read More...
The Federal Tax Ombudsman’s office achieved a significant milestone in 2024 by resolving 2,442 complaints, more than double the 1,066 complaints addressed in 2023. This remarkable progress reflects the office’s unwavering commitment to resolving taxpayer grievances promptly and Read More...
The Punjab Information Technology Board (PITB), in partnership with the Punjab Excise and Taxation Department, has officially commenced the registration process for the January e-auction of premium vehicle registration numbers.
This initiative provides an opportunity for vehicle owners and Read More...
The Pakistan Stockbrokers Association (PSBA) has raised concerns regarding the potential negative impact of a proposed tax amendment on the stock market and investors. In a letter to Senator Aurangzeb dated January 3, 2025, the PSBA warned that implementing the amendment without proper Read More...
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