Tag Archives: FBR

Due to high tax rates, many businesses are reportedly shifting from Pakistan to Dubai — a concern that the Federal Board of Revenue (FBR) has confirmed. This was revealed during a meeting of the Senate Standing Committee on Finance, chaired by Senator Saleem Mandviwalla. Members of the committee pointed out …

Pakistan’s real estate sector is bracing for a major shift as the federal government considers a sharp increase in the Capital Gains Tax (CGT) on property sales. Sources say the government is weighing a proposal to raise the current 15% CGT rate to as high as 40% in the upcoming …

Aftab Maken ISLAMABAD: There is a strong possibility that the federal government will maintain the current slabs of tax and duty on vehicles in the upcoming Budget 2025-26. Despite several proposals under consideration, the current import duties on automobiles are likely to stay unchanged, sources familiar with the development told …

In a meeting of the Senate Standing Committee on Finance, held under the chairmanship of Senator Saleem Mandviwalla of the Pakistan Peoples Party, a significant development unfolded regarding the ongoing investigation into money laundering through the import of solar panels. The sub-committee, established to probe the matter, requested additional time …

Finance Minister Muhammad Aurangzeb has emphasized that industrialists and traders play a vital role in the country’s development, asserting that the ultimate goal is to benefit the common man. He stated that once Pakistan achieves self-sustainability, the current loan program from the International Monetary Fund (IMF) will be the last. …

Islamabad: In a bold move to lift the local fishing industry and clamp down on illegal fishing, the federal government is set to roll out a scheme that will bring 6,000 duty-free boats to Balochistan. The initiative is aimed at giving a major boost to the province’s fishermen, who have …

Federal Finance Minister Muhammad Aurangzeb, during a press conference in Islamabad, stated that the IMF delegation visiting Pakistan will not engage in discussions regarding the budget. He emphasized that a significant reduction in the interest rate has already taken place, and in his view, there is still room for further …

The Ministry of Finance has advertised some of the posts to operationalize the Tax Policy Office (TPO) in response to the IMF’s requirements, taking a significant step forward by advertising key positions for recruitment. The office will see the appointment of a director general alongside five directors. The Director General …

The International Monetary Fund (IMF) has proposed setting a tax target of over Rs 15 trillion in the federal budget for the new fiscal year 2025-26. Additionally, there is a possibility that Pakistan may receive new financial targets as part of its ongoing economic program. According to sources within the …

A significant meeting took place today between Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and a delegation from the Federation of Pakistan Chambers of Commerce & Industry (FPCCI). The delegation was led by FPCCI President Atif Ikram, along with Patron-in-Chief S. M. Tanveer and Senator Noman Wazir, Chief …