fiscal year 2019/20 – BOL News Staging

Commercial banks rule the roost

February 6, 2022 by Muhammad Zubair

KARACHI: Now the government will be forced to go for expensive borrowing from commercial banks for budget financing or any other need as a new controversial law has barred it from obtaining loans from the country’s own central bank. The amendment in the State Bank of Pakistan (SBP) Act, 1956, through the SBP (Amendment) Act, … Read more

FBR finds $3.8 billion gap in VAT collection

October 18, 2021June 15, 2021 by Web Desk

KARACHI: Pakistan through effective policy measures can enhance value-added tax (VAT) collection by around $3.8 billion/annum, according to a report issued by the Federal Board of Revenue (FBR) on Tuesday. The value-added tax is an important component of sale tax, which is imposed on every value addition in supply chain. The existing sales tax collection … Read more

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