FBR, secretary finance divided over proposal for 20 pc Sales tax rate for unregistered persons

The FBR has proposed an increase in sales tax rate from the current 19pc to 20pc for unregistered persons. However, the secretary finance is...

Super Tax expansion on the cards

The government is mulling expanding the Super Tax net to bring high-net-worth individuals into the tax bracket. The first formal meeting to review the tax...

Dividend tax abolition proposal suspected to benefit Arif Habib Group

The finance ministry is ambiguous over a budget proposal to abolish 25pc dividend income tax rate on real estate investors, suspecting that the move...

Falling exports can result in another IMF loan: warns PEW

  The Pakistan Economy Watch (PEW), on Sunday, said exports, investment and remittances continue to fall hitting Forex reserves which will result in another IMF...

Dar urges Japanese firms to invest in Pakistan

Finance Minister Senator Muhammad Ishaq Dar Sunday urged the Japanese corporations to reap the advantage of economic opportunities in Pakistan. The Japanese firms already working...

BOI committed to facilitating foreign investors in SEZs

  The Board of Investment (BOI) is committed to facilitating the foreign investors for providing them modern facilities in the Special Economic Zones (SEZs). SEZs investors...

ICST urges abolition of tax on bank transactions in upcoming budget

Islamabad Chamber of Small Traders (ICST) on Sunday said withholding tax on bank transaction should be abolished or reduced in the upcoming budget. The government...

Businessmen urged to cash trade potential of Uzbekistan, Mexico markets

  Pakistan’s Ambassador to Uzbekistan Dr Irfan Yusuf Shami and Ambassador to Mexico Tasawar Khan visited the Islamabad Chamber of Commerce and Industry (ICCI) and...

Tax evasion disastrous for national economy: Khawaja Asif

    Defence Minister Khawaja Asif has said interminable tax evasion is continuing in the country which is causing irreparable loss to the economy. “Tax evasion is...

Pakistan focusing on sustainable economic growth: Dar

The minister says government crucial to monitor economic activities as they cannot be left at the mercy of private sector Finance Minister Ishaq Dar...

Iran refuses to sideline Pakistan and China

While Iran has delayed in awarding a crucial contract to India for gas exploration in its Farzad B offshore field to ONGC Videsh, India...

Malaysia wants to improve trade relations with Pakistan

Malaysian High Commissioner Dr. Hasrul Sani Mujtabar said Malaysia is taking keen interest to improve trade with Pakistan. He stated this while visiting Rawalpindi...

Economic reforms led to stability and progress: Dar

The Finance Minister, Senator Mohammad Ishaq Dar, who is in Yokohama Japan to attend the 50th annual meeting of the Asian Development Bank (ADB), Friday...

Board of Investment committed for facilitating foreign investors in SEZs

The Board of Investment (BOI) is committed to facilitate the foreign investors for providing them modern facilities in Special Economic Zones (SEZs). SEZs investors...

Exports of cement shrink by 50.75pc during April 2017

Exports are proving to be Achilles's heel for the cement sector that has seen its growth inhibited by the regular decline in exports despite...

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FBR warns business community against under-invoicing, misdeclaration

The Federal Board of Revenue (FBR) has warned the business community against under-invoicing or misdeclaration of imported goods. “Otherwise, the FBR will take punitive action...

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Prospect of Fed cut pushing dividend investors into tech, energy

NEW YORK: An expected interest rate cut by the Federal Reserve later this month is pushing yield-oriented US fund managers further afield in search of...