FBR updates, income tax, budgets and markets for Pakistan
10 articles
The Senate has officially passed the State Bank of Pakistan Amendment Bill in a session in Islamabad today. The session was presided over by Senate Chairman Sadiq Sanjrani and the bill was…
The Pakistan Pharmaceutical Manufacturers’ Association (PPMA) has urged the federal government to immediately review its policy to impose a 17 percent General Sales Tax (GST) on raw materials used for medicine production…
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…
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…
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…
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.…
The Federal Board of Revenue (FBR) may withdraw the condition of providing details of Computerized National Identity Card (CNIC) in case payment made through digital means. The Finance (Supplementary) Bill, 2021 proposed…
Federal Minister for Finance and Revenue, Shaukat Tarin, has ruled out the speculations, being expressed by many, that the supplementary finance bill will cause an increase in inflation. Addressing a press conference,…
The federal government presented the supplementary finance bill 2021 before the Parliament for withdrawal of General Sales Tax (GST) exemptions and proposed imposition of 17% tax on nearly 150 items on Thursday.…
Federal Minister for Finance Shaukat Tarin on Thursday presented the much-awaited supplementary finance bill 2021 — termed by the Opposition as a "mini-budget" — in the National Assembly, as a pre-requisite to…