FAISLABAD: Minister of State for Information and Broadcasting Farrukh Habib on Sunday said tax revenue had increased by 40 per cent this year compared to the last year, while income tax had also increased. “The government is going to introduce reforms in the Federal Board of Revenue (FBR),” Farrukh Habib said talking to media persons … Read more
KARACHI: Foreign investors operating in Pakistan have contributed Rs1.4 trillion as tax revenue to the national exchequer during 2020/21, a statement said on Monday. Irfan Siddiqui, president of the Overseas Investors Chamber of Commerce and Industry (OICCI), representative of the foreign companies operating in Pakistan, said: “We are proud that in the past 12 months, … Read more
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
