Karachi, January 24, 2024: President of United Business Group (UBG) and former president of FPCCI, Zubair Tufail, on behalf of the supervisory federal cabinet, decided to establish an inter-ministerial committee for reforms in the Federal Board of Revenue (FBR). While appreciating, said that the establishment of the committee will facilitate FBR restructuring, the representation of…
Islamabad, December 27, 2023 : The caretaker government’s initiatives are showing positive outcomes, with Pakistan’s active taxpayer count reaching 5.3 million, according to sources from the Federal Board of Revenue (FBR). According to the updated income tax Active Taxpayer List (ATL), individual taxpayers have reached 3.69 million, while corporate/association of persons (AOPs) have reached 1.67…
Islamabad, December 25, 2023 : The Finance Ministry categorically dismissed as unfounded the news broadcast by a private channel, which claimed a delay in releasing funds for development projects and salaries. In a counter statement, the Ministry’s spokesperson declared that the news aired on a private channel, alleging a delay in releasing funds for development…
Islamabad, November 10, 2023 : According to sources, Pakistan has been ‘urged’ by the International Monetary Fund (IMF) to ensure the rigorous enforcement of anti-money laundering laws. In Islamabad, discussions were held for the upcoming review related to the disbursement of the $700 million loan tranche. Officials from the Federal Board of Revenue (FBR) and…