Petrol Price
Sales Tax Rate on Petroleum Products Further Reduced by FBR
Federal Board of Revenue (FBR) on Tuesday slashed sales tax rates on petrol and high speed diesel (HSD) in order to reduce the impact of high oil prices at consumer end. The…
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Markets
FBR Property Valuation 2022
The Federal Board of Revenue (FBR) has extended the deadline for implementing the revised FBR Property valuation rates 2022 of properties in 40 major urban cities by holding its notification in abeyance…
Updates
FBR’s Revised Valuation Rates of Immovable Properties suspended again
The Federal Board of Revenue (FBR) on Tuesday suspended again the new revised property valuation rates notified through SROs No 1534(1)/2021 to 1572(1)/2021 dated December 1, 2021 up to January 31, 2022.…
Finance
FBR decides to integrate foreign exchange dealers with Point of Sale system
The Federal Board of Revenue (FBR) has decided to integrate the foreign exchange dealers with its Point of Sale (POS) system to keep an eye on the trading activities of the forex…
World Taxes
World's 10 richest men doubled their wealth during Covid: Report Says
The world's 10 wealthiest men doubled their fortunes during the first two years of the coronavirus pandemic as poverty and inequality soared, a report said on Monday. Oxfam said the men's wealth…
Blog
School Closing News Today 2022
The Inter-Provincial Education Ministers Conference (IPEMC) held earlier today to mull over the closure of educational institutes amid the resurging Coronavirus in the country has ended without a consensus on the issue.…
Updates
Extension in Date for filing Monthly Single Sales Tax Return December 2021
The Federal Board of Revenue (FBR) has extended the date of payment and submission of Sales Tax and Federal Excise Return for the Tax Period of December 2021. The date has been…
Prize Bond Results Pakistan
750 Prize Bond Draw List 2022 - Prize Bond Draw Schedule Dates and Results
Peshawar: Complete Winner’s list of Rs 750 prize bond list 2022 (Peshawar) has been placed here. According to the representative of National Savings the 1st prize of the prize bond 750 worth…
Markets
About FBR's Revised Valuation Rates of Immovable Properties
The buyers and sellers of immovable properties across the country are unsure about the legal status of the applicability of the FBR's valuation rates of Properties from 16 January 2022. The Federal…
Blog
Samsung Galaxy A50 PTA and Import TAX and Price in Pakistan | PTA Tax Calculator
Samsung Galaxy A50 is a device launched in Pakistan. The official price of this phone is 0 Rupees. The Samsung Galaxy A50 price in Pakistan is less then $60/- which includes 250…
Updates
New Taxes on Cars
After a lot of wait and speculation, the National Assembly has finally approved the mini-budget, which has created trouble for the car industry. If you remember, the government proposed several Federal Excise…
FBR POS Lucky Draw
List of Prize winners of point of sales prize Scheme of FBR draw held on 15th January 2022
The Federal Board of Revenue has announced a very interesting FBR POS Prize Scheme in which you can win 10,00,000 Rupees every month. FBR Announces prizes for purchasing any item from the…
Taxation
Legal and Operational Issues with National Single Sales Tax Return
Federal and provincial taxpayers are facing problems in filing the Federal Board of Revenue (FBR)’s National Sales Tax Return (STR), which was formally launched by Finance Minister Shaukat Tarin on January 7,…
Updates
Car Prices after Mini Budget
The Government has announced massive increase in the taxes on cars with the approval of the Mini-Budget (State Bank of Pakistan (Amendment) Bill 2021 and Supplementary Finance Bill 2021 ). The Government…
Blog
Samsung Galaxy A51 PTA and Import TAX and Price in Pakistan | PTA Tax Calculator
Samsung Galaxy A51 is a device launched in Pakistan. The official price of this phone is 49999 Rupees. The Samsung Galaxy A51 price in the country is more then $130/- which includes…
Updates
FBR starts budget preparation exercise for 2022-2023
The Federal Board of Revenue (FBR) has started budget preparation exercise for 2022-2023. In this regard, the FBR has issued a letter to all Chamber of Commerce and Industry seeking customs-related budget…
Taxation
Govt creates legal complications by taxing export processing zone
The Finance (Supplementary) Bill 2021 or the mini-budget is about to create a legal dilemma for the federal government as for the first time goods being produced at the Export Processing Zone…
Budget
NA passes mini-budget as govt withdraw several proposed taxes
The National Assembly has passed the Finance (Supplementary) Bill 2021, also known as the mini-budget, with a majority vote. The federal government proved a majority of 18 members in the National Assembly.…
Business
New definition of 'exported goods’ as per SRO issued by FBR
The Federal Board of Revenue (FBR) has changed the definition of the exported goods for claiming duty drawback covering supplies against international tenders or supply to industrial units, projects, institutions, agencies, and…
Finance
State Bank reports complete ban on cryptocurrency and related activities in Pakistan
A committee headed by the deputy governor of the State Bank of Pakistan (SBP) has recommended a complete ban on cryptocurrency, saying that allowing it could lead to an outflow of foreign…