PRA Identifies 1,200 Firms in Tax Fraud Scheme
The Punjab Revenue Authority uncovers a massive tax fraud involving 1,200 businesses using fake invoices. Authorities are taking strict legal action to recover billions.
Category : Search result: tax collection
NA Panel Defers Mobile Phone Tax Debate
A National Assembly panel has deferred the debate on imposing a 25% tax on mobile phones. The committee seeks more data from FBR and PTA before making a decision, impacting millions of users.
IMF Warns on Rs428bn Tax Shortfall, PRAL Risks
IMF raises alarm over Pakistan's Rs428bn tax shortfall and PRAL's new hiring & outsourcing without a conflict of interest policy. Discover the risks to data security and FBR's governance.
Pakistan's Elite Drain Economy by 5-6.5% Annually
IMF reveals elite capture costs Pakistan 5-6.5% of GDP yearly. With growth at 2.7%, urgent reforms in SOEs, taxation, and transparency are the only path to recovery.
Rs66 Billion Collected via Petroleum Levy Increase
Pakistan government collected Rs66 billion through petroleum levy hike, Senate informed. Finance Minister reveals budget details amid economic challenges.
Big Industries Face 4x Higher Tax Burden in Pakistan
Pakistan's large-scale manufacturing sector faces tax burden four times higher than smaller businesses, reveals FBR analysis. Discover how this impacts economic growth and government revenue.
FBR Holds Tax Awareness Session at Riphah University
FBR's Taxpayers' Services Wing organized a comprehensive tax awareness session at Riphah International University, Islamabad. Students learned about tax compliance, digital tools, and civic responsibility. Read more about this educational initiative!
Pakistan Announces Major Economic Reforms for 2025
Government commits to sweeping economic reforms including tariff rationalization, regulatory modernization and industrial revival at Pakistan Prosperity Forum 2025.
SC Upholds Customs Stance in Steel Rollers Case
In a decisive verdict, Pakistan's Supreme Court overturns Sindh High Court decision, upholding Customs' position in major steel industry tax dispute with significant revenue implications.
Karachi Commissioner Inspects District West Civic Issues
Commissioner Karachi Syed Hassan Naqvi conducted surprise visits to address severe civic issues including water shortages, garbage accumulation, and infrastructure problems in District West, directing immediate action from authorities.
FBR Extends Manual Tax Return Deadline to October 27
Pakistan's Federal Board of Revenue extends manual income tax return deadline, providing relief to taxpayers facing technical challenges with IRIS portal.
Punjab Govt Exempts Property from Sales Tax - Industry Cheers
The Punjab government's landmark decision to exempt immovable property from sales tax and services receives overwhelming approval from stakeholders across the province.
Offset's $23M Tax Debt Amid Cardi B Divorce Crisis
Rapper Offset faces massive IRS debt while navigating divorce proceedings with Cardi B. Get the inside scoop on his financial troubles and spousal support dispute.
SC: Cantt Boards Can't Tax Federal Properties
Pakistan's Supreme Court delivers crucial verdict prohibiting cantonment boards from imposing taxes on federal government properties, settling long-standing legal dispute.
PM Orders Review of High Tax Rates for Economic Relief
Prime Minister Shehbaz Sharif directs immediate review of high tax rates to provide relief to salaried class and businesses, signaling significant economic policy shift in Pakistan.
Ex-FBR Chief Shabbar Zaidi in Tax Fraud Case
Former FBR chairman Shabbar Zaidi embroiled in serious tax fraud allegations as FIA registers case involving millions in undeclared income and property transactions.
Pakistan's Untaxed Informal Economy Exposed in EPBD Report
Exclusive report reveals how large segments of Pakistan's informal economy continue to evade taxation, creating massive revenue shortfalls and unfair competition for registered businesses.
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