Normalcy return at City Court’s Complex
KARACHI: After five days of disruption in court work due to stalemate between judicial officials and members of Karachi Bar Association (KBA) over arrest of a Chowkidar, normalcy returns to…
SHC dismisses WTC filed by Income Tax Department
KARACHI: An old case of Wealth Tax pertaining to year 1997-98 finally came to an end when an Income Tax Appellate bench of High Court of Sindh finally ruled against…
Government likely to increase regulatory duties, Customs duties
KARACHI: Government recently took measures to ban import of luxury items to curtail outflow of foreign exchange reserves of the country. Analysts believe that given our rising Balance of Payment…
Key taxation measures expected in FY23 Budget
KARACHI: Pakistan Federal Budget FY23 Preview with tax revenue target of Rs7.25trn for FY23, analysts expect new taxation measures across various sectors in the upcoming budget. Supertax: FBR is mulling…
Government to set tax revenue collection target of Rs7.25trn for FY23
KARACHI: Government is likely to set tax revenue collection target of Rs7.25trn for FY23 (9.2% of GDP), which is up 19% from the revised target of Rs6.1trn (9% of GDP)…
Budget outlay for FY23 is estimated at Rs9-9.5trn
KARACHI: Government is expected to announce Federal Budget FY23 on June 10, 2022. Pakistan is eyeing revival of an IMF program and it is likely that the upcoming budget will…