World Bank team discusses tax regime, circular debt strategy and national tariff policy with Hafeez Shaikh

ISLAMABAD: The World Bank team, in a meeting with Advisor on Finance Dr. Abdul Hafeez Shaikh, discussed areas of harmonization of tax regime, circular debt strategy and national tariff policy matters. The World Bank team apprised the meeting on World Bank assistance being provided to harmonize the sales tax across… Continue reading

Pakistan expecting Rs1 trillion non-tax revenue in the coming year

KARACHI: Adviser to the Prime Minister on Finance Dr. Hafeez Shaikh has said that the government is expecting to see more than Rs1.0 trillion in non-tax revenue in the coming year. “In the coming year, we are expecting great leaps and bounds when it comes to non-tax revenue: the government’s… Continue reading

No change in tax on export industry, 1655 tariff lines exempted from Customs duty

ISLAMABAD: Government is giving subsidies to the private sector on the gas and electricity tariff besides they will be given loans as part of efforts to promote economic activity in the country, while 1655 lines of the imported raw material unavailable in the country will be exempted from Customs duty,… Continue reading

Cabinet approves PTI government’s first Amnesty Scheme

ISLAMABAD: Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh has said that tax amnesty scheme will help encourage people to disclose their hidden assets legally by June 30. Addressing a press conference here on Tuesday, he said every Pakistani is eligible to become part of the scheme, but… Continue reading