FBR Reveals Draft Rules for New Export Scheme

FBR Reveals Draft Rules for New Export Scheme

The Federal Board of Revenue (FBR) released draft rules for new Export Facilitation Scheme 2021. FBR also called for comments on this new export scheme from industry, exporters and other stakeholders. The new Export Facilitation…

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Tax Experts disclosed FBR’s three budgetary proposals impracticable

Tax Experts disclosed FBR’s three budgetary proposals impracticable

Tax experts have termed Federal Board of Revenue’s (FBR) three budgetary proposals are not practicable. These includes 1- collection of withholding tax on domestic electricity bills, 2- sales tax from sugar on printed retail price…

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CPEC Related Gwader Projects

CPEC Related Gwader Projects

S.No Project Name Estimated Cost(US$ M) 1 Gwadar East-Bay Expressway 168 2 New Gwadar International Airport 230 3 Construction of Breakwaters 123 4 Dredging of berthing areas & channels 27 5 Development of Free Zone…

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Guide To LDA City Naya Pakistan Apartments and How to Apply for Bank of Punjab Loans

Guide To LDA City Naya Pakistan Apartments and How to Apply for Bank of Punjab Loans

With the objective of constructing 50,000 housing units, an effort can be seen in the form of ‘LDA City Naya Pakistan Apartments’. Under this project, the government has approved the construction of 35,000 affordable apartments. This…

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Sales Tax Relief by Punjab Revenue Authority

Sales Tax Relief by Punjab Revenue Authority

Through the Finance Act, 2020, the Government of the Punjab reduced the rate of Punjab Sales Tax on Services from 16% to 5% on more than twenty services. Punjab Revenue Authority also reduced the rate…

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IT Exports Increased by 40%

IT Exports Increased by 40%

According to the Ministry of information and communication technology (ICT) exports of IT and telecommunication during July-December of the fiscal year 2020-21 increased by 40% to US 958 million. This growth attributed to the increase…

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FBR once again reminded to file income tax returns by the deadline

FBR once again reminded to file income tax returns by the deadline

The Federal Board of Revenue (FBR) reminded again to submit income tax returns by the December 8, 2020 deadline. Otherwise it will not be further extended. Which Persons required to submit tax returns ? The…

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FBR issued list of business sectors for mandatory income tax integration

FBR issued list of business sectors for mandatory income tax integration

Federal Board of Revenue (FBR) issued list of business sectors for mandatory income tax integration under income tax laws. SRO issued vide no 779(I)/2020 by FBR to amend Income Tax Rules 2002. These businesses located…

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PM Imran Khan Big Incentive for Construction Industry In Pakistan

PM Imran Khan Big Incentive for Construction Industry In Pakistan

PM Imran Khan Big Incentive for Construction Industry In Pakistan The President of the SAARC Chamber of Commerce and Industry said that the massive package for the construction industry is a ray of hope at…

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